regulatory
confidence high
sentiment negative
materiality 0.75
DraftKings to impose $0.50 per-bet fee in Illinois starting Sept 1, 2025 after tax hikes
DraftKings Inc.
- 50-cent transaction fee on all mobile/online bets in Illinois via DraftKings Sportsbook, effective Sept 1, 2025.
- Illinois legislature passed tax increases more than tripling the sports wagering tax rate over two years.
- CEO Jason Robins expressed concern about impact on regulated industry and growth of illegal market.
- Fee will be removed immediately if the tax legislation is repealed.
- Company continues to advocate for collaborative policymaking supporting industry sustainability.
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