DraftKings abandons planned winning-bet surcharge in selected states
DraftKings abandoned its planned surcharge on winning bets in selected states, the company announced after trading on Tuesday, according to the report. Analysts cited in the report discussed potential effects on execution and how operators might respond to higher taxes; the surcharge had initially been planned for New York, Illinois, Pennsylvania and Vermont.
The reversal leaves operators and investors assessing other possible responses to higher state taxes, including changes to pricing or marketing.