DraftKings Implementing Transaction Fee in Illinois

Dow Jones

Jun 13, 2025

By Stephen Nakrosis

Sportsbook company DraftKings said it was implementing a transaction fee in Illinois, in response to recent and prior sports wagering tax increases implemented by the state legislature.

The company said the 50 cent transaction fee on all mobile and online bets placed in Illinois through DraftKings Sportsbook will take effect Sept. 1.

Jason Robins, chief executive officer and co-founder of DraftKings, said it is disappointing state policymakers have chosen to more than triple the company's tax rate over the past two years, adding "we are very concerned about what this will do to the legal, regulated industry."

DraftKings also said if the legislation were repealed, it will immediately remove the Illinois-specific per wager transaction fee.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

June 12, 2025 16:56 ET (20:56 GMT)

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DKNG","symbol_name":"DraftKings Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2543654771","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2543654771","pubTimestamp":1749761760,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Sportsbook company DraftKings said it was implementing a transaction fee in Illinois, in response to recent and prior sports wagering tax increases implemented by the state legislature.The company said the 50 cent transaction fee on all mobile and online bets placed in Illinois through DraftKings Sportsbook will take effect Sept. 1.Jason Robins, chief executive officer and co-founder of DraftKings, said it is disappointing state policymakers have chosen to more than triple the company's tax rate over the past two years, adding \"we are very concerned about what this will do to the legal, regulated industry.\". DraftKings also said if the legislation were repealed, it will immediately remove the Illinois-specific per wager transaction fee.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DKNG":"DraftKings Inc.","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK4150":"赌场与赌博","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4565":"NFT概念"},"translate_title":"DraftKings在伊利诺伊州实施交易费","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DKNG":0.9},"content_text":"By Stephen Nakrosis \n\n\n \n\n\n  Sportsbook company DraftKings said it was implementing a transaction fee in Illinois, in response to recent and prior sports wagering tax increases implemented by the state legislature. \n\n\n  The company said the 50 cent transaction fee on all mobile and online bets placed in Illinois through DraftKings Sportsbook will take effect Sept. 1. \n\n\n  Jason Robins, chief executive officer and co-founder of DraftKings, said it is disappointing state policymakers have chosen to more than triple the company's tax rate over the past two years, adding \"we are very concerned about what this will do to the legal, regulated industry.\" \n\n\n  DraftKings also said if the legislation were repealed, it will immediately remove the Illinois-specific per wager transaction fee. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 12, 2025 16:56 ET (20:56 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}