Update: DraftKings announced on Aug. 13 that it has canceled plans to roll out new rates for consumers in some of the states in which it operates.
– DraftKings News (@DraftKingsNews) August 13, 2024
Editor’s note: The following article was published on August 2.
In the United States, the state-sanctioned online sports industry has been around for about six years and continues to evolve.
In its second-quarter earnings report on Aug. 1, DraftKings Sportsbook, one of the major players in the nascent U. S. market worth $10. 9 billion in 2023, announced plans to slap a new “surcharge” on consumers in an organization of higher-tax states. . in the industry.
The move comes just weeks after Illinois, one of the largest sports betting markets statewide, more than doubled its tax rate on the industry.
Image via Budrul Chukrut/SOPA Images/LightRocket Getty Images
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