DraftKings may tax wins, changing odds, while rivals like Bet Rivers will not. The industry and bettors' reactions are anticipated. This will effect bettors. Judge Chutkan's 'Interesting' Move ...

Online betting is a large and fast-growing business: as of 2023 the U.S. online gambling market was estimated to have revenue ...

Kelley detailed the implications of the new legislation ... Bender pointed out that the tax seems specifically designed to impact DraftKings and FanDuel more than mid-scale companies due to ...

Gov. J.B. Pritzker’s record $55.2 billion budget relies on Illinoisans paying over $394 million in new or higher taxes on ...

He views this strategy as the best way for DraftKings to outperform its competition. The new charges for users in higher-tax states will ... For more on the potential implications here, we're ...

Despite the Illinois tax hike, DraftKings is expected ... a period of uncertainty and risk-off sentiment, DraftKings is likely to face consequences as well. To sum everything up, DraftKings ...

FanDuel has announced a 50-cent fee on all Illinois sports bettors which could have major implications on the industry ...

The ruling in Florida, coupled with the optimism surrounding New Jersey's tax environment, signals a positive outlook for DraftKings ... Court that has significant implications for the future ...

DraftKings floated the idea for a surcharge shortly after Illinois enacted a progressive tax policy last July ... as the industry evaluates the implications of the subscription service.

That explains the negative consequences of sports gambling ... deal with challenges coming from the aforementioned high-tax states. DraftKings expects this to contribute to higher adjusted ...

Kelley detailed the implications of the new legislation, explaining that the fee would be $0.25 for each wager up to 20 million wagers and $0.50 for each additional wager beyond that threshold. Given ...