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Flutter rules out winner surcharge as DraftKings cancels proposal

Business

Flutter CEO Peter Jackson said the company had no plans to add a surcharge to winning bets, and DraftKings cancelled its own proposed charge shortly afterwards. Jackson criticised graduated tax rates, saying they could push customers towards offshore operators, and said Flutter would respond in affected states with tighter holds and lower local marketing.

Operators can note that DraftKings dropped its surcharge plan and Flutter cited tighter holds and lower local marketing in affected states.

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

Latest reported results

Flutter NYSE: FLUT

Quarter ended 30 September 2026

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

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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