DraftKings CEO Criticizes Gambling Provision In Trump's OBBBA

2026-04-08T05:06:53Z

VirgilioBianco9: Die Seite wurde neu angelegt: „ DraftKings CEO Jason Robins slammed a [https://gratisafhalen.be/author/gonzalo45e5/ brand-new tax] provision in President Donald Trump's proposed megabill, [http://wikiphilosophy.org/index.php/User:AXVJoseph78188 calling] it "very weird" and illogical. Robins questioned why gamblers should pay income tax on cash that isn't [https://www.adpost4u.com/user/profile/4307926 real revenue]. - [https://lectionary.wiki/w/User:RichBudd3999469 DraftKi…“

DraftKings CEO Jason Robins slammed a [https://gratisafhalen.be/author/gonzalo45e5/ brand-new tax] provision in President Donald Trump's proposed megabill, [http://wikiphilosophy.org/index.php/User:AXVJoseph78188 calling] it "very weird" and illogical. Robins questioned why gamblers should pay income tax on cash that isn't [https://www.adpost4u.com/user/profile/4307926 real revenue]. - [https://lectionary.wiki/w/User:RichBudd3999469 DraftKings CEO] says does not make good sense. - The OBBBA avoids bettors from subtracting 100% of their losses. - DraftKings states it's dealing with lawmakers to nix the arrangement. "I do think it's something that does not makes good sense," [https://wiki.chimericalintelligence.org/index.php/User:MattRosenthal7 Robins informed] CNBC's Jim Cramer. "If you can't subtract all your losses, you know, how does that make good sense that you pay income tax on something that's not in fact earnings." The arrangement, highlighted in the GOP's One Big Beautiful Bill Act (OBBBA), would avoid gamblers from subtracting 100% of their losses from their payouts, which was previously thought about standard practice. Under the new rule, only 90% of losses can be subtracted, implying that even a break-even bettor still owes taxes. Robins attributed the modification to a [http://wiki.die-karte-bitte.de/index.php/Benutzer_Diskussion:DorisBillings9 budget plan] reconciliation technicality referred to as the [https://gummipuppen-wiki.de/index.php?title=Benutzer:MaribelIsrael Byrd guideline] and included that DraftKings is working with [https://gummipuppen-wiki.de/index.php?title=Benutzer:TereseLance990 lawmakers] to reverse the provision. Congress introduces FAIR BET Act to fight Trump costs [https://www.garagesale.es/author/kandicegowr/ DraftKings] isn't alone in opposing Trump's megabill. Nevada Congresswoman Dina Titus has presented the [http://topsite.otaku-attitude.net/index.php?a=stats&u=celsahannan439 FAIR BET] Act to counter the questionable change in [https://corps.humaniste.info/Utilisateur:ErmelindaBurbach betting tax] policy. The [http://ossenberg.ch/index.php/Benutzer:VernellPassmore brand-new rule] sparked a backlash from [https://www.shbv.info/shbv_wiki/index.php?title=Benutzer_Diskussion:MargieChildress industry professionals] who argue the [https://hiddenwiki.co/index.php?title=User:RemonaWetter502 OBBBA unfairly] burdens taxpayers and dissuades [https://www.ebersbach.org/index.php?title=User:ChristyWaterhous transparent reporting]. The FAIR BET Act, co-sponsored by Rep. Ro Khanna of California, seeks to restore the previous guideline, which allows 100% of betting losses to be subtracted from winnings. [https://raovatonline.org/author/hassiemulli/ Titus condemned] the wagering tax provision, stating Senate Republicans placed it without House permission and that it might drive [https://gratisafhalen.be/author/daisynunan/ bettors] toward unregulated markets. Titus insists her expense ensures fairness for all wagerers and promotes responsible betting through legal operators. DraftKings reports positive Q2 earnings DraftKings, meanwhile, reported its second-ever [https://bioremediate.net/index.php/User:CathrynJacobs31 rewarding] [https://www.adpost4u.com/user/profile/4370044 quarter] as a public business, leading to a 7% jump in stock worth in after-hours trading on Wednesday. The business published $1.51 billion in revenue for Q2 2025, going beyond expert expectations of $1.43 billion. Robins credited the business's success to strong client engagement, effective acquisition methods, and favorable wagering [https://kb.smds.us/index.php/User:IvaMetzler6 outcomes]. He [https://gratisafhalen.be/author/veolatildes/ expressed] [http://ossenberg.ch/index.php/Benutzer:BertieAskew0142 optimism] about the continued legalization of sports betting throughout the U.S., [https://www.wiki.somosphm.net/index.php/User:TracieRiddell43 expecting major] markets, such as Texas and California, will be consisted of.

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2026-04-08T05:06:46Z

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DraftKings CEO Criticizes Gambling Provision In Trump's OBBBA

Benutzer:VirgilioBianco9