Fitch expects DraftKings and Flutter credit ratings to withstand US tax rises
Fitch expects DraftKings and Flutter to retain stable credit ratings despite higher gambling taxes in several US states, according to a June 16, 2025 report. The analysts said state-level tax changes could reduce profits, but no single state posed enough risk to trigger a downgrade; they forecast DraftKings’ EBITDA margin at about 23% by 2027 and Flutter’s US margin at 20%.
The assessment informs investors and operators about Fitch’s view of tax pressure on major US sports betting businesses.