DraftKings Cancels Surcharge Plan Following Backlash in New York

Wednesday, 14 August 2024, 03:00

DraftKings has officially cancelled its controversial surcharge plan after receiving significant backlash from bettors in New York. The mobile sports app aimed to implement a surcharge to counter New York's aggressive 51% tax rate, but the proposal faced overwhelming opposition from users, leading to its cancellation. This decision highlights the ongoing tension between sports betting companies and regulatory bodies.

DraftKings Cancels Surcharge Plan Following Backlash in New York

DraftKings Unveils Decision Following Backlash

In a surprising turn, DraftKings has decided to cancel its unpopular surcharge plan intended to offset New York's 51% tax rate. The planned surcharge faced intense criticism from sports bettors, who voiced their discontent over the potential increase in costs.

Response from Bettors

New York bettors expressed their dissatisfaction, causing DraftKings to rethink the implementation.

Future Implications

This cancellation may influence future policies regarding sports betting in high-tax states.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.