The new tax is applied to each wager that a sportsbook accepts — 25 cents per bet for the first 20 million wagers, 50 cents per wager after that.
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FanDuel is upping the ante in Illinois with a new 50-cent surcharge on all wagers, and DraftKings
may be next.
Flutter
-owned FanDuel is introducing the charge to mitigate the impact of new taxes that the state instituted with its new budget, which disproportionately affect the two leading sportsbooks.
Sports betting service FanDuel has added a 50-cent surcharge to all wagers laid in Illinois to offset the state's per-wager tax…
DraftKings and Flutter shares slide as investors fret about threat posed by apps such as Kalshi
Flutter's 2026 revenue guidance of $17.75 billion to $19.05 billion was lower than analysts' projection.
Everything is gambling, but not everything in gambling is going great, as CNBC reports that on Wednesday, FanDuel CEO Amy Howe…
Flutter, which owns FanDuel, reported second-quarter earnings that beat Wall Street expectations Thursday.
DraftKings CEO Jason Robins discussed new tax legislation related to gambling in a Wednesday interview with CNBC's Jim Cramer.
