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What’s Going On With DraftKings Shares Monday?

Shares of DraftKings Inc. (NASDAQ: DKNG) saw a significant uptick Monday afternoon. This surge comes on the heels of a pivotal decision by the U.S. Supreme Court that has significant implications for the future of online sports betting in Florida and optimism that taxes will not be introduced into New Jersey's 2025 budget which closes on June 30th.

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DraftKings Emerging As A Leader In $35B North American Online Betting Market, Analyst Says

Needham analyst reiterates Buy rating and $60 price target for DraftKings (DKNG), citing its leadership in $35B online gambling market and favorable legislative environment. DKNG has sustainable customer acquisition strategy and potential for higher tax revenue for states.

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