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Games

DraftKings to tax winning bets in some states in a bid to boost profit

DraftKings will implement a gaming tax on winning bets in some states where the tax rate is highest, including Illinois, New York, Pennsylvania and Vermont.

By: CNBC

Aug 03 2024
35
4638 Views

DraftKings to tax winning bets in some states in a bid to boost profit — DraftKings to tax winning bets

Mobile betting powerhouse DraftKings is planning a tax on consumers in states with the highest sports betting tax rates, as the company looks to boost profit. The company announced Thursday that starting next year, it will implement a gaming surcharg... [1313 chars]

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