DraftKings seeks ‘favorable’ alternative to aborted fee on winning bettors

Tuesday, September 10, 2024 8:43 PM
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  • Sam McQuillan, Legal Sports Report

DraftKings is considering a “more favorable solution” to high taxes than the surcharge fee it briefly planned but withdrew amid “negative customer feedback.”

In an interview during the Bank of America Gaming and Lodging Conference last Thursday, DraftKings CEO Jason Robins addressed the fee on winning bets his company planned and then abandoned for high-tax states next year. The fee, aborted within 13 days, sparked harsh criticism as other sportsbooks declined to follow it, but is now seemingly in the past for Wall Street analysts.

“Clearly, this was something that our customers — they didn’t like this type of solution,” Robins said.