An estimate suggests that DraftKings' recently announced surcharge on winning sports bets in four states could result in an additional $270 million in gross gaming revenue.
The gambling company announced last week that it would begin imposing a small tax in Illinois, New York, Pennsylvania, and Vermont on winning sports bets. The goal of this is to reduce the company's effective tax rate in those high-tax states.
The gambling company announced last week that it would begin imposing a small tax in Illinois, New York, Pennsylvania, and Vermont on winning sports bets. The goal of this is to reduce the company's effective tax rate in those high-tax states.