Sports betting

DraftKings CEO reveals adjusted New York strategy amid 51% tax rate

Jason Robins suggests US sports betting firm targets “most profitable” recreational-based players over so-called bonus hunters

DraftKings CEO Jason Robins has revealed the US sports betting heavyweight will not aggressively target the New York mobile sports betting market when it opens later this month. Speaking at a Canaccord Genuity Group investor summit, Robins referenced the presence of the Empire State’s 51% tax rate on GGR as a potential deterrent to significant marketing…

DraftKings | Jason Robins | New York | Sports betting | US