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Aug 2, 2024
DraftKings announced several big changes at the end of the week on the coattails of its first profitable quarter as a public company.
The sportsbook will become the first to tax U.S. bettors on their winnings in states that have a tax rate for betting operators above 20%. Illinois, New York, Pennsylvania, and Vermont are among the states impacted, with users getting charged a fee around 3% to 5% on winning bets starting next year.
Source: Front Office Sports
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