Jason Robins, DraftKings CEO, joins CNBC's 'Squawk on the Street' to discuss Illinois' new tax on mobile and online sports wagers.

J.B. Pritzker says Illinois budget, which includes new tax rate on every online sports wager, showcases state's "hard-earned fiscal responsibility." ...

FanDuel has responded after Illinois finalized plans to charge sportsbooks for every wager placed in the state ...

DraftKings has become the second operator to announce a transaction fee for sports bets in Illinois in response to the state ...

DraftKings last August announced its plans to implement a surcharge on wagers placed in “high-tax” states, or those with rates exceeding 20 percent, which included Illinois, New York, Pennsylvania, ...

In response to the new per-bet tax introduced by the legislature, the two largest online sportsbooks are charging users a per ...

The new tax is applied to each wager that a sportsbook accepts — 25 cents per bet for the first 20 million wagers, 50 cents per wager after that.

This decision follows significant tax increases on sports wagering imposed by the Illinois ... DraftKings expresses a willingness to remove the transaction fee should state legislation change ...

The offers are not identical, as FanDuel offers $200 in bonus bets while BetMGM offers $150. Prior to the DraftKings change, nearly every other aspect of the promotions was the same, including the ...

tax rate in Illinois, McTernan appears confident in DraftKings’s ability to navigate the new tax landscape. The tax changes have been anticipated for some time, and their impact is considered to ...

DraftKings Sportsbook made a significant change to its welcome bonus. Here's what you need to know, and why it may be a red flag for the future of sportsbook promos.

DraftKings is a compelling buy due to its first profitable quarter since 2020, strong brand, and ability to adapt to regulatory changes. Despite the Illinois tax hike, DraftKings is expected to ...