If you like sports betting, whether year-round or just during football season, you should care about the tax rates that betting companies face in each state.

DraftKings announced on Aug. 1 that beginning in 2025, customers located in states with higher tax rates (where 30 percent of profits or higher go to the state) will now have to pay a surcharge on every winning bet to help pay that burden.

This surcharge will force bettors to pay a three to four percent fee on all winning bets’ profits and would affect players in New York, Illinois, Pennsylvania and Vermont.

No other sportsbook has announced plans to do this. So, why is DraftKings?

Read more at the New York Post