Quelltext der Seite DraftKings CEO Criticizes Gambling Provision In Trump's OBBBA

<br>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].<br><br><br>- [https://lectionary.wiki/w/User:RichBudd3999469 DraftKings CEO] says  does not make good sense.<br>- The OBBBA avoids bettors from subtracting 100% of their losses.<br>- DraftKings states it's dealing with lawmakers to nix the arrangement.<br><br><br>"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."<br><br><br>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.<br><br><br>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.<br><br><br>Congress introduces FAIR BET Act to fight Trump costs<br><br><br>[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.<br><br><br>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.<br><br><br>[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.<br><br><br>DraftKings reports positive Q2 earnings<br><br><br>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.<br><br><br>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.<br>