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DraftKings withdraws proposed bettor surcharge as Flutter rejects similar fee

Regulation

DraftKings withdrew its proposed fee on winning bets after announcing the plan on 1 August, while Flutter chief executive Peter Jackson said FanDuel would not introduce a similar surcharge. DraftKings had considered the fee in Illinois, New York, Pennsylvania and Vermont; Illinois’ new sports betting tax structure ranges from 20% to 40% of gross gaming revenue.

Operators can assess surcharge decisions alongside Illinois’ tax structure, which ranges from 20% to 40% of gross gaming revenue.

End-of-day close DraftKings (DKNG), USD, to 27 September 2024
Story date1 July 202427 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

Flutter NYSE: FLUT

Quarter ended 30 September 2026

Revenue
USD 3.87bn
Operating income
−USD 1.19bn10-Q filing 0001635327-26-000059

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Licences & markets

Nevada gaming board accepts Flutter surrender; DraftKings withdraws applications

Nevada’s Gaming Control Board accepted the surrender of Flutter’s registration and FanDuel-related licences and approvals, while DraftKings withdrew its pending Nevada sports betting applications. The board said the companies’ planned sports event contracts were incompatible with participation in Nevada’s gaming industry; Flutter said it had supported Boyd Gaming in the state without operating a consumer sportsbook.

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