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

[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.

[Optional]

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.

[tbill1]

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.

[Pragmatic]

https://x.com/ButlerBets/status/1819115792337871069?s=19

[stevenash]

Only three states are affected, I'm not.
DK will remain my favorite book I'll wait until this all plays out.

[Optional]

[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.

[d2bets]

I want to see that footnote. Net Winnings?

[Stallion]

Trash.

[texhooper]

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

[stevenash]

Gambling Taxes by US States 2024: A Comprehensive Guide (playtoday.co)

[unde0087]

[unde0087]

Maybe if Draftkings cut down from 12 commercials every commercial break to 11 they could just pay it for their customers.

[turbobets]

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.

[OTWinner]

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.

[ThaWoj]

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

[Ian]

what a ripoff.

[Bluehorseshoe]

Local books and offshore books rule!!!

[MalikHusam]

Fk dk

[johnnyvegas13]

Agree w others

no gonna go well

[Stallion]

They will lose a lot of customers. All the other legal books and offshore must be laughing at them.

[Doug tushyterror]

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.

[scottgodson1985]

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.

[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.

[d2bets]

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.

[Crusherrr]

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.

[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"

[Brooklyn Dick]

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.

[pabonaparte]

"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

[trytrytry]

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

[daneblazer]

Will they offer any credits on net losings?

[Enkhbat]

"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.

[str]

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.

[Jabronie_Joey]

I don't like it. It's a slippery slope. Give em an inch.....

[jobie]

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.