Jason Robins, DraftKings CEO, joins CNBC's 'Squawk on the Street' to discuss Illinois' new tax on mobile and online sports wagers.

On June 10, Flutter Entertainment plc (NYSE:FLTR), another player in the space, announced a $0.50 fee for each bet made on its FanDuel platform, effective September 1, to offset the added cost.

Robins raised concerns about the impact of these tax hikes on the legal ... Canada under its DraftKings brand and pursuant to regulations in four states under its Golden Nugget Online Gaming ...

This shows that while DraftKings has benefited from new states legalizing online betting, the company also has such to lose from regulation and tax laws going ... The impact of Illinois’ tax ...

BOSTON, June 12, 2025 (GLOBE NEWSWIRE) -- In response to the recent and prior sports wagering tax increases ... to regulations in five states and in Ontario, Canada under its DraftKings brand ...

Learn how DraftKings' tax strategy might affect your betting tactics. Plus new sports books in Arizona and potential new regulations in Massachusetts. National Security Agency chief and deputy ...

It's not just DraftKings feeling the squeeze. BetMGM, a subsidiary of MGM Resorts International MGM, could see a $35 million to $39 million EBITDA impact. While tax increases are never welcome ...

Grove says being up front about the charge also signals to states how much DraftKings thinks its business model can sustain when it comes to tax rates. "I think their fear was, without drawing ...

DraftKings will charge a “gaming ... warn this could have a substantially detrimental impact on a bettor’s long-term bankroll. The tax also sparked wider concerns this would give other ...

This unexpected tax hike follows a previous increase from 15% to roughly 35% for these operators last year. Kelley further noted the potential financial impact on DraftKings, projecting an ...