News

Neil Bluhm's personal vendetta against FanDuel and DraftKings in the Illinois sports betting market has turned into a ...
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.
J.B. Pritzker says Illinois budget, which includes new tax rate on every online sports wager, showcases state's "hard-earned fiscal responsibility." ...
A survey conducted by Covers suggests the decision by DraftKings and FanDuel to impose a 50-cent fee in Illinois could affect sports betting behavior.
In response to the new per-bet tax introduced by the legislature, the two largest online sportsbooks are charging users a per ...
DraftKings is joining FanDuel with a 50-cent fee on all mobile and online bets in Illinois to offset the state's latest tax.
In response to the recent and prior sports wagering tax increases passed by the Illinois state legislature on all mobile and ...
I can tell you about some basic tax laws, but I can't even venture to guess ... the league has changed its bylaws over the years to help alleviate the impact of federal estate taxes.
Illinois sports bettors will soon face a $0.50 online bet fee imposed by FanDuel, reacting to new state tax laws aimed at ...
The new tax is applied to each wager that a sportsbook accepts — 25 cents per bet for the first 20 million wagers, 50 cents per wager after that.
In response to these taxes, DraftKings and Flutter’s shares plummeted by 6% and 3%, respectively, since this new tax is likely to have a major impact on both companies. This is mainly due to ...