Why DraftKings And Flutter Are Trading Lower Today

DraftKings Inc DKNG shares are trading lower on Friday amid reports the Ohio sports betting bill did not reach the Senate floor in the final days of the legislative session

DraftKings is a digital sports entertainment and gaming company. The firm provides users with daily fantasy sports, sports betting, and iGaming opportunities.

DraftKings shares traded down 2.64% to $53.74 on Friday at the time of publication. The stock has a 52-week high of $64.19 and a 52-week low of $10.15.

Flutter Entertainment ADR PDYPY shares were also trading lower on the news.

Flutter Entertainment is a global sports betting, gaming, and entertainment provider, and is the parent company of FanDuel, a DraftKings competitor.

Flutter Entertainment ADR shares traded down 3.69% to $100.99 at the time of publication. The stock has a 52-week high of $106.50 and a 52-week low of $31.35.