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OPINION: Abandoned DraftKings surcharge takes its place among all-time bad ideas

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2024-08-15

OPINION: Abandoned DraftKings surcharge takes its place among all-time bad ideas

Well, that was quick.

On Thursday, Aug. 1, DraftKings announced that, effective Jan. 1, 2025, it would be charging customers a tax on all winning bets in a handful of states.

Twelve days later, on Tuesday, Aug. 13, DK said “jk!”

In the face of an overwhelmingly negative reaction from almost all corners of the gambling industry, and competitors BetRivers, ESPN Bet, and finally, and most importantly, FanDuel revealing they did not intend to implement a surcharge of their own, DraftKings took to social media to announce the company had changed its mind and would be tossing the proposed winner tax into the vast graveyard of failed business ideas.

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