DraftKings Turns Back on NYS Lawmakers, Slaps Consumers in the Face With a Tax Surcharge to Boost Profits: NY FANS Coalition 

**RELEASE** August 5, 2024

CONTACT: Jake Sporn, jake@tuskstrategies.com

Albany, NY – Today, the Fantasy Advocates for New York Sports (FANS) coalition released the following statement regarding the recent announcement from DraftKings to impose a significant percentage-based surcharge on every winning wager in New York State:

“DraftKings’ plan to tax their players with a new sky-high surcharge on winning is a slap in the face to New Yorkers and shows just how little DraftKings cares about its relationship with the New York lawmakers who opened the door for their operations in the first place.

“Announcing this fee the same day their multi-billion dollar company posted a $64 million quarterly profit margin and initiated a $1 Billion Share buyback is an insult not just to their own users, but also to the NY State Legislature and Gaming Commission – both of which worked with DraftKings for years to cultivate mobile sports betting laws that would create a thriving gaming market and protect consumers. 

"For DraftKings and Jason Robins to turn their backs on consumers and policymakers is unconscionable, and we hope it will be investigated by the State Legislature, Gaming Commission and Attorney General."

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