DraftKings adding extra juice to winning bets in 2025 for some states

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  • Reload
    SBR Posting Legend
    • 03-23-08
    • 12244

    #1
    DraftKings adding extra juice to winning bets in 2025 for some states
    Sounds like the states with high taxes will have a small piece of winnings deducted by DraftKings. Would be NY, IL, PA, and VT for starters.

    For example, $100 of winnings on a wager would give the bettor only $96.80.

    Will have some effects on bigger action I’m sure. Wonder if other providers will follow suit also.
  • Optional
    Administrator
    • 06-10-10
    • 60623

    #2
    Originally posted by Reload
    Sounds like the states with high taxes will have a small piece of winnings deducted by DraftKings. Would be NY, IL, PA, and VT for starters.

    For example, $100 of winnings on a wager would give the bettor only $96.80.

    Will have some effects on bigger action I’m sure. Wonder if other providers will follow suit also.
    I have not heard about that plan. Got a link to anything about it?

    I guess passing on state fees direct to the players will put political pressure on high fee states.
    .
    Comment
    • tbill1
      SBR High Roller
      • 12-17-09
      • 124

      #3
      Just googled it and it is true. I won't hesitate for a second to pull my money out in 2025. It's a shame because they are my favorite book.
      Comment
      • Pragmatic
        SBR Rookie
        • 06-20-24
        • 38

        #4
        Comment
        • stevenash
          Moderator
          • 01-17-11
          • 65125

          #5
          Only three states are affected, I'm not.
          DK will remain my favorite book I'll wait until this all plays out.
          Comment
          • Optional
            Administrator
            • 06-10-10
            • 60623

            #6
            .
            Comment
            • d2bets
              BARRELED IN @ SBR!
              • 08-10-05
              • 39990

              #7
              Are they going to hide it? I mean, there is always juice on winning bets. If it's -110, it's $110/100. $110/$96.80 is about -113.5. I mean, the ticket itself says the payout based on the odds. As long as he displayed odds are accurate, it's fine. But if they hide it, that's a big problem.
              Comment
              • d2bets
                BARRELED IN @ SBR!
                • 08-10-05
                • 39990

                #8
                Originally posted by Optional
                I want to see that footnote. Net Winnings?
                Comment
                • Stallion
                  SBR MVP
                  • 03-21-10
                  • 3617

                  #9
                  Trash.
                  Comment
                  • texhooper
                    SBR Posting Legend
                    • 01-05-09
                    • 10001

                    #10
                    Originally posted by d2bets
                    Are they going to hide it? I mean, there is always juice on winning bets. If it's -110, it's $110/100. $110/$96.80 is about -113.5. I mean, the ticket itself says the payout based on the odds. As long as he displayed odds are accurate, it's fine. But if they hide it, that's a big problem.
                    They will disclose what’s being withheld on the ticket. This isn’t a part of the juice, it’s an extra charge on us to pay their taxes for them. Like around twitter and such and you’ll see what I’m talking about. Total bullshit
                    Comment
                    • stevenash
                      Moderator
                      • 01-17-11
                      • 65125

                      #11
                      Gambling Taxes by US States 2024: A Comprehensive Guide (playtoday.co)
                      Comment
                      • unde0087
                        BARRELED IN @ SBR!
                        • 03-27-08
                        • 28848

                        #12
                        Comment
                        • unde0087
                          BARRELED IN @ SBR!
                          • 03-27-08
                          • 28848

                          #13
                          Maybe if Draftkings cut down from 12 commercials every commercial break to 11 they could just pay it for their customers.
                          Comment
                          • turbobets
                            SBR Wise Guy
                            • 01-13-06
                            • 994

                            #14
                            If you're in the business of betting itemize and write it off. I don't think rec bettors will be able to because it's a surcharge not a loss from betting. If that's the case it's a pretty crappy thing to do to rec bettors.
                            Comment
                            • OTWinner
                              SBR High Roller
                              • 05-09-18
                              • 120

                              #15
                              House take is much to high on everything there. Fantasy, pools, same game parleys, all sport bets. If you take more it’s totally laughable.
                              Comment
                              • ThaWoj
                                SBR Hall of Famer
                                • 03-09-10
                                • 6741

                                #16
                                Originally posted by d2bets
                                Are they going to hide it? I mean, there is always juice on winning bets. If it's -110, it's $110/100. $110/$96.80 is about -113.5. I mean, the ticket itself says the payout based on the odds. As long as he displayed odds are accurate, it's fine. But if they hide it, that's a big problem.
                                It will show on the betslip when you input the bet amount how much the return is with the current odds and it will have the tax listed and the payout at the bottom. I saw pictures in some article i read
                                Comment
                                • Ian
                                  SBR Hall of Famer
                                  • 11-09-09
                                  • 6019

                                  #17
                                  what a ripoff.
                                  Comment
                                  • Bluehorseshoe
                                    SBR Posting Legend
                                    • 07-13-06
                                    • 14981

                                    #18
                                    Local books and offshore books rule!!!
                                    Comment
                                    • MalikHusam
                                      SBR MVP
                                      • 09-07-16
                                      • 2659

                                      #19
                                      Fk dk
                                      Comment
                                      • johnnyvegas13
                                        BARRELED IN @ SBR!
                                        • 05-21-15
                                        • 27771

                                        #20
                                        Agree w others

                                        no gonna go well
                                        Comment
                                        • Stallion
                                          SBR MVP
                                          • 03-21-10
                                          • 3617

                                          #21
                                          They will lose a lot of customers. All the other legal books and offshore must be laughing at them.
                                          Comment
                                          • Doug tushyterror
                                            SBR MVP
                                            • 07-03-12
                                            • 4172

                                            #22
                                            Living in NY, they would've taken a decent chunk out of these 2. Got 5 months to worry about this so I'll decide if it's worth playing there in Jan.

                                            Comment
                                            • scottgodson1985
                                              SBR Sharp
                                              • 11-17-12
                                              • 346

                                              #23
                                              How can DraftKings be your favorite book, when they regularly limit everybody in the sharp community along with anybody that has won money off the site. Sports betting is hard enough and they wanna try addding another tax penetrate them, they shouldn’t of agreed to the big tax to begin with.
                                              Comment
                                              • HedgeHog
                                                SBR Posting Legend
                                                • 09-11-07
                                                • 10128

                                                #24
                                                Illinois hit the sports books with a huge tax increase this year, so I understand DK's position. But there's no way I'm paying an additional tax on winnings off of a full juice bet. I've tried a few legalized books, namely Draft Kings and Fan Duel, but they pale by comparison to major offshore Books. My experimenting with US Books is done with this new tax.
                                                Last edited by HedgeHog; 08-02-24, 07:05 PM.
                                                Comment
                                                • d2bets
                                                  BARRELED IN @ SBR!
                                                  • 08-10-05
                                                  • 39990

                                                  #25
                                                  Originally posted by ThaWoj
                                                  It will show on the betslip when you input the bet amount how much the return is with the current odds and it will have the tax listed and the payout at the bottom. I saw pictures in some article i read
                                                  It effectively turns -110 into around -113.5. Boycott Draftkings next year.
                                                  Comment
                                                  • Crusherrr
                                                    SBR MVP
                                                    • 06-27-16
                                                    • 3646

                                                    #26
                                                    Originally posted by HedgeHog
                                                    Illinois hit the sports books with a huge tax increase this year, so I understand DK's position. But there's no way I'm paying an additional tax on winnings off of a full juice bet. I've tried a few legalized books, namely Draft Kings and Fan Duel, but they pale by comparison to major offshore Books. My experimenting with US Books is done with this new tax.
                                                    ProphetX and NoVig will be available in Illinois very soon. Legal exchanges launching in like 42+ states. Sign up for early access and you can check them out soon. Might even be a better option than Offshores for you.
                                                    Comment
                                                    • tbill1
                                                      SBR High Roller
                                                      • 12-17-09
                                                      • 124

                                                      #27
                                                      "BetRivers became the first operator to publicly declare it will not be implementing a tax surcharge on winning sports bets, just four days after DraftKings revealed its new plan to do so across four states in 2025.3 days ago"


                                                      Comment
                                                      • Brooklyn Dick
                                                        SBR MVP
                                                        • 09-12-08
                                                        • 1067

                                                        #28
                                                        Originally posted by d2bets
                                                        It effectively turns -110 into around -113.5. Boycott Draftkings next year.
                                                        You are laying 110-96.5 Anyone that plays here should just mail in their money.
                                                        Comment
                                                        • pabonaparte
                                                          SBR MVP
                                                          • 01-21-16
                                                          • 3563

                                                          #29
                                                          Originally posted by tbill1
                                                          "BetRivers became the first operator to publicly declare it will not be implementing a tax surcharge on winning sports bets, just four days after DraftKings revealed its new plan to do so across four states in 2025.3 days ago"


                                                          So should do other bookies, and basically make a new superbook of sorts.

                                                          The message to players should be: ANYTHING is better than DraftKings
                                                          Comment
                                                          • trytrytry
                                                            SBR Posting Legend
                                                            • 03-13-06
                                                            • 23649

                                                            #30
                                                            easy guys #deletetheAPP

                                                            draft kings and fanduel have ruined watching north American sports and they steal from only whales and long term public losers with high vig
                                                            Comment
                                                            • daneblazer
                                                              BARRELED IN @ SBR!
                                                              • 09-14-08
                                                              • 27861

                                                              #31
                                                              Will they offer any credits on net losings?
                                                              Comment
                                                              • Enkhbat
                                                                SBR MVP
                                                                • 04-18-11
                                                                • 3145

                                                                #32
                                                                Originally posted by tbill1
                                                                "BetRivers became the first operator to publicly declare it will not be implementing a tax surcharge on winning sports bets, just four days after DraftKings revealed its new plan to do so across four states in 2025.3 days ago"


                                                                I am glad BetRivers isn't implementing that nonsense, I love Rivers Casino in Des Plaines. I wonder if Fanduel will increase the tax.

                                                                Comment
                                                                • str
                                                                  SBR Posting Legend
                                                                  • 01-12-09
                                                                  • 11488

                                                                  #33
                                                                  This only actually takes place if customers let it IMO.

                                                                  If they do, those customers will be finished sooner than later and DK will revert back of go out of business.

                                                                  Customers control everything. They just rarely realize it.

                                                                  A good side note... won't have to watch all those obnoxious commercials anymore.
                                                                  Comment
                                                                  • Jabronie_Joey
                                                                    SBR Rookie
                                                                    • 04-24-24
                                                                    • 7

                                                                    #34
                                                                    I don't like it. It's a slippery slope. Give em an inch.....
                                                                    Comment
                                                                    • jobie
                                                                      SBR Rookie
                                                                      • 08-20-20
                                                                      • 12

                                                                      #35
                                                                      If it hasn't been abundantly clear already, let it be said that most people who work in DK's corporate office have never actually placed a wager in their lives.
                                                                      Comment
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