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DraftKings CEO Criticizes Gambling Provision In Trump's OBBBA
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<br>DraftKings CEO Jason Robins slammed a new tax provision in President Donald Trump's proposed megabill, [http://dustlikestars.de/index.php?title=Benutzer:BradleyBisbee99 calling] it "extremely odd" and illogical. Robins questioned why gamblers should pay earnings tax on money that isn't actual profit.<br><br><br>- DraftKings CEO states Trump's OBBBA doesn't make sense.<br>- The OBBBA avoids bettors from [https://www.locumsanesthesia.com/employer/the-betnaija-promotion-code-for-2026-is-yohaig/ deducting] 100% of their losses.<br>- DraftKings says it's working with legislators to nix the provision.<br><br><br>"I do believe it's something that does not makes good sense," [https://wiki.armello.com/index.php/The_Bet_Naija_Promotional_Code_For_2026_Is_YOHAIG Robins informed] CNBC's [http://images.gillion.com.cn/janellebucking Jim Cramer]. "If you can't deduct all your losses, you know, how does that make sense that you pay earnings tax on something that's not actually earnings."<br><br><br>The arrangement, highlighted in the GOP's One Big Beautiful Bill Act (OBBBA), would avoid [https://autorepairshoplocator.com/author/deannekosovich/ gamblers] from subtracting 100% of their losses from their payouts, which was previously considered [http://139.224.19.5910880/linlamontagne/the-bet9ja-promo-code-for-2026-is-yohaig/wiki/The+Bet9ja+promo+code+this+2026+is+YOHAIG basic practice]. Under the new guideline, only 90% of losses can be subtracted, [http://www.annunciogratis.net/author/ervinobrien implying] that even a break-even bettor still owes taxes.<br><br><br>Robins associated the change to a budget plan reconciliation technicality understood as the Byrd rule and added that DraftKings is working with legislators to the provision.<br><br><br>Congress presents [https://gitlab.liruwei.cn/wilheminasaeng/the-bet-9ja-promotion-code-2026-is-yohaig/wiki/The-BET-9ja-promotional-code-for-2026-is-YOHAIG FAIR BET] Act to fight Trump bill<br><br><br>DraftKings isn't alone in opposing Trump's megabill. Nevada Congresswoman Dina Titus has [https://locuss.evomeet.es/employer/the-bet-9ja-promotion-code-2026-is-yohaig introduced] the FAIR BET Act to counter the [https://hiddenwiki.co/index.php?title=User:BeatrisGjm questionable] change in betting tax policy.<br> <br><br>The new [https://higgledy-piggledy.xyz/index.php/User:ReaganCummings rule stimulated] a backlash from industry experts who argue the [https://pampangadreamhomes.ph/author/genevamccombs7/ OBBBA unfairly] burdens taxpayers and dissuades transparent reporting. The [https://suachuamaybienap.com/index.php/User:LucilleBlackston FAIR BET] Act, [https://www.garagesale.es/author/kandicegowr/ co-sponsored] by Rep. [https://wiki.arbyten.de/index.php?title=Benutzer:CandraCilley Ro Khanna] of California, seeks to restore the previous guideline, which allows 100% of wagering losses to be subtracted from earnings.<br><br><br>Titus condemned the betting tax arrangement, stating Senate Republicans inserted it without House permission and that it could drive gamblers towards uncontrolled markets. Titus [https://wiki.heycolleagues.com/index.php/User:WildaMitchel insists] her expense ensures [https://www.herzog-it.de/suzannecorones fairness] for all [http://www.annunciogratis.net/author/karindeacon gamblers] and promotes accountable betting through legal operators.<br><br><br>[https://muslimwa.com/author/brodiehalpern/ DraftKings reports] [https://wiki.insidertoday.org/index.php/User:HarrisonCrane9 positive] Q2 incomes<br><br><br>DraftKings, meanwhile, reported its second-ever successful quarter as a public business, leading to a 7% dive in stock worth in [https://karabast.com/wiki/index.php/User:JackieKoertig8 after-hours trading] on Wednesday. The [http://wikitesla.org/wiki/Utilisateur:NormaC309041 company published] $1.51 billion in revenue for Q2 2025, [http://106.55.0.6631807/leonoradonohue surpassing analyst] expectations of $1.43 billion.<br><br><br>Robins credited the [http://weesen.info/index.php?title=Benutzer:SelmaMaconochie business's success] to strong consumer engagement, efficient acquisition methods, and beneficial wagering results. He revealed optimism about the continued legalization of sports wagering throughout the U.S., [https://psy-sandrinesarraille.com/clefs-de-la-reussite/ expecting major] markets, such as Texas and California, will be included.<br>
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