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DraftKings plans customer surcharges in states with sports betting taxes above 20%

Business

DraftKings chief executive Jason Robins said during the company’s second-quarter earnings call that it would charge a surcharge on bets in states where online sports betting tax rates exceed 20%. He said the company expected the charge to help protect margins and fund its ability to compete with illegal betting, while acknowledging that other operators might consider similar measures.

Operators in high-tax states may face pressure to pass some tax costs on to bettors.

End-of-day close DraftKings (DKNG), USD, to 16 September 2024
Story date18 June 202416 September 2024

Latest reported results

DraftKings NASDAQ: DKNG

Quarter ended 30 September 2026

Revenue
USD 1.33bn10-Q filing 0001883685-26-000041
Operating income
−USD 493.1m10-Q filing 0001883685-26-000041

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