DraftKings tests a subscription service as it looks to offset high New York taxes [CNBC]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: CNBC
Subscribers will get a boost in odds on all winning parlays. DraftKings is the first sportsbook to offer a subscription service. DraftKings is upping the ante. The sportsbook is testing out a new subscription service called DraftKings Sportsbook+ designed to provide paying customers a boost in odds. The $20 per month subscription service launched quietly on Dec. 28 for select customers in New York and will offer participants up to a 100% profit boost on winning parlays. For example, a two-leg parlay would receive a 10% boost, a six-leg parlay would receive a 50% boost, and an 11-leg parlay would get the full 100% boost. The maximum bet eligible is $25. New York offers a strong testing ground for DraftKings as one of the top performing markets for online gaming. The company could also be looking to help offset taxes in the Empire State. Sports wagering taxes in New York stand at 51%, tied with New Hampshire for the highest rate. In August, DraftKings announced it was rev
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News
- DraftKings Inc. (NASDAQ: DKNG) had its price target lowered by analysts at JMP Securities from $52.00 to $50.00. They now have a "market outperform" rating on the stock.MarketBeat
- DraftKings tests a subscription service as it looks to offset high New York taxes [MSNBC.com]MSNBC.com
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DKNG
Earnings
- 11/7/24 - Beat
DKNG
Sec Filings
- 1/3/25 - Form 4
- 12/27/24 - Form 4
- 12/26/24 - Form 144
- DKNG's page on the SEC website