The post DraftKings Reverses Its Course On Winning Bets Surcharge appeared first on SportsHandle.

Less than two weeks after DraftKings announced it planned to impose a surcharge on winning bets for wagers placed in New York, Illinois, Pennsylvania, and Vermont starting in January, the mobile sports betting titan announced Tuesday it is standing down.

DraftKings Statement on Gaming Tax Surcharge pic.twitter.com/cucbsQJIVD

— DraftKings News (@DraftKingsNews) August 13, 2024

The surcharge, announced by CEO Jason Robins on Aug. 1 as part of a letter to shareholders discussing quarterly performance, was met with stinging blowback on social media. Perhaps more importantly to DraftKings, one major sportsbook after another had either no immediate plans to follow DraftKings’ lead or outright rejected the idea. FanDuel announced Tuesday during its quarterly earning call that it would not impose a similar surcharge.

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The post DraftKings Reverses Its Course On Winning Bets Surcharge appeared first on SportsHandle.