Tag: DraftKings
Illinois raises sports betting tax as part of the 2026 budget
4 June 2025 at 6:46am UTC-4
Minutes before midnight on Saturday, Illinois lawmakers passed an additional tax on sports bets.
The new tax will incur US$0.25 for every bet placed with a licensed sportsbook ...
SailGP announces sports betting partnership with DraftKings and Bet365
4 June 2025 at 5:58am UTC-4
Sportsbook operators DraftKings and Bet365 have entered a partnership with the international sailing league, SailGP.
The partnership will enable fans to bet on races as early ...
Illinois tax increase surprises analysts
2 June 2025 at 12:43pm UTC-4
Wall Street analysts were taken aback by an 11th-hour Illinois budget measure that added handle taxes to those levied on sports book revenue. Gov. J.B. Pritzker has indicated that ...
Iowa man sues DraftKings for refusal to payout US$14 million
2 June 2025 at 7:48am UTC-4
An Iowa man has sued DraftKings after the company refused a payout of more than US$14 million in winnings on bets made during the 2024 AT&T Pebble Beach Pro-Am Tournament ...
Massachusetts sports betting revenue hits US$65.4 million for April
22 May 2025 at 5:43am UTC-4
Massachusetts’ sports betting sector enjoyed a successful April, generating combined revenue of US$65.4 million, up from US$49.4 million in April last year, representing a year ...
DraftKings and FanDuel Baltimore lawsuit removed to federal court
15 May 2025 at 9:03pm UTC-4
A lawsuit filed by city of Baltimore officials against DraftKings and FanDuel has been removed to Maryland federal court after the operators filed for a Notice of Removal on 7 May ...
Lori Kalani outlines ambitious responsible gambling agenda for DraftKings and beyond
15 May 2025 at 12:25pm UTC-4
DraftKings Chief Responsible Gaming Officer Lori Kalani has pledged to “work [herself] out of a job” as she strives to get 100% of the operator’s customers familiar with its ...
Sportsbooks react against North Carolina tax rise
13 May 2025 at 9:54am UTC-4
Sports betting companies are pushing back against North Carolina’s recent budget proposal to raise the tax paid on revenue from 8% to 36%.
The proposal passed the Senate on ...
New York sports betting win nudges upward
12 May 2025 at 2:22pm UTC-4
Revenue from New York online sports betting rose 4.8% in April, boosted by a 9.6% in handle. Sportsbooks held 8.9%.
An 18% plummet in walk-up sports wagering led to a loss of ...
Despite ‘bad quarters,’ DraftKings remains bullish about future
9 May 2025 at 2:20pm UTC-4
During Friday’s earnings call, DraftKings Chief Executive and Co-Founder Jason Robins painted a mostly positive picture of the company’s finances.
But that doesn’t mean ...
