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Created page with "<br>DraftKings CEO Jason Robins criticized a brand-new tax [https://wiki.tgt.eu.com/index.php?title=User:Flossie36Q arrangement] in President Donald Trump's proposed megabill, calling it "extremely unusual" and illogical. Robins questioned why bettors ought to [https://wiki.fuzokudb.com/fdb/%E5%88%A9%E7%94%A8%E8%80%85:IrishHogle806 pay earnings] tax on money that isn't real earnings.<br><br><br>- DraftKings CEO states [https://metazoowiki.com/index.php/User:RodgerTenison..."
 
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<br>DraftKings CEO Jason Robins criticized a brand-new tax [https://wiki.tgt.eu.com/index.php?title=User:Flossie36Q arrangement] in President Donald Trump's proposed megabill, calling it "extremely unusual" and illogical. Robins questioned why bettors ought to [https://wiki.fuzokudb.com/fdb/%E5%88%A9%E7%94%A8%E8%80%85:IrishHogle806 pay earnings] tax on money that isn't real earnings.<br><br><br>- DraftKings CEO states [https://metazoowiki.com/index.php/User:RodgerTenison Trump's OBBBA] does not make sense.<br>- The OBBBA avoids gamblers from deducting 100% of their losses.<br>- DraftKings states it's working with [https://45.76.249.136/index.php?title=The_Bet_9Ja_Promo_Code_This_2026_Is_YOHAIG legislators] to nix the [https://thestarsareright.org/index.php/The_Betnaija_Promotional_Code_This_2026_Is_YOHAIG provision].<br><br><br>"I do think it's something that does not makes good sense," Robins told [https://wildfolk.gg/wiki/index.php/User:PorfirioDickinso CNBC's Jim] Cramer. "If you can't subtract all your losses, you understand, how does that make sense that you pay income tax on something that's not actually earnings."<br><br><br>The provision, highlighted in the GOP's One Big [https://www.addgoodsites.com/details.php?id=709351 Beautiful] Bill Act (OBBBA), would prevent bettors from deducting 100% of their losses from their profits, which was formerly considered standard practice. Under the new rule, just 90% of losses can be deducted, meaning that even a break-even gambler still owes taxes.<br><br><br>[https://gratisafhalen.be/author/guyz789281/ Robins attributed] the change to a budget plan reconciliation technicality referred to as the Byrd guideline and included that DraftKings is working with legislators to reverse the provision.<br><br><br>Congress presents FAIR BET Act to combat Trump expense<br><br><br>DraftKings isn't alone in opposing Trump's megabill. Nevada Congresswoman [https://peckerwoodmedia.com/index.php/User:SherrylQuinonez Dina Titus] has actually introduced the FAIR BET Act to [http://knowledge.thinkingstorm.com/UserProfile/tabid/57/userId/3111284/Default.aspx counter] the questionable modification in gambling tax policy.<br><br><br>The new rule triggered a backlash from industry experts who argue the OBBBA unfairly [https://www.arenagames.us/index.php?title=User:DorthyTurner682 strains taxpayers] and discourages 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 jackpots.<br><br><br>Titus condemned the betting tax arrangement, stating Senate Republicans placed it without House consent and that it might drive gamblers towards uncontrolled markets. Titus insists her costs ensures fairness for all wagerers and promotes responsible betting through [https://jskenglish.com/forums/users/leonardoconnor/ legal operators].<br><br><br>DraftKings reports favorable Q2 profits<br><br><br>DraftKings, on the other hand, reported its second-ever lucrative quarter as a public business, [https://www.adpost4u.com/user/profile/4328797 leading] to a 7% dive in stock value in [https://peckerwoodmedia.com/index.php/User:WallyOLeary5356 after-hours trading] on Wednesday. The company posted $1.51 billion in [https://www.mnemosome.org/index.php/User:IrmaWindradyne profits] for Q2 2025, surpassing analyst expectations of $1.43 billion.<br><br><br>[https://targetlink.asklink.org/The-Bet-9Ja-Promo-Code-for-2026-is-YOHAIG_313506.html Robins credited] the company's success to strong customer engagement, [http://topsite.otaku-attitude.net/index.php?a=stats&u=marcelmims68074 effective acquisition] methods, and [https://sciencewiki.science/wiki/User:IsabelCorbin5 beneficial betting] [https://thestarsareright.org/index.php/User:BrodieMcmillian outcomes]. He [http://topsite.otaku-attitude.net/index.php?a=stats&u=taylaajk09322520 revealed optimism] about the continued legalization of throughout the U.S., expecting major markets, such as Texas and California, will be consisted of.<br>
<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>

Latest revision as of 09:24, 3 May 2026


DraftKings CEO Jason Robins slammed a new tax provision in President Donald Trump's proposed megabill, calling it "extremely odd" and illogical. Robins questioned why gamblers should pay earnings tax on money that isn't actual profit.


- DraftKings CEO states Trump's OBBBA doesn't make sense.
- The OBBBA avoids bettors from deducting 100% of their losses.
- DraftKings says it's working with legislators to nix the provision.


"I do believe it's something that does not makes good sense," Robins informed CNBC's 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."


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 considered basic practice. Under the new guideline, only 90% of losses can be subtracted, implying that even a break-even bettor still owes taxes.


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.


Congress presents FAIR BET Act to fight Trump bill


DraftKings isn't alone in opposing Trump's megabill. Nevada Congresswoman Dina Titus has introduced the FAIR BET Act to counter the questionable change in betting tax policy.


The new rule stimulated a backlash from industry experts who argue the OBBBA unfairly burdens taxpayers and dissuades transparent reporting. The FAIR BET Act, co-sponsored by Rep. Ro Khanna of California, seeks to restore the previous guideline, which allows 100% of wagering losses to be subtracted from earnings.


Titus condemned the betting tax arrangement, stating Senate Republicans inserted it without House permission and that it could drive gamblers towards uncontrolled markets. Titus insists her expense ensures fairness for all gamblers and promotes accountable betting through legal operators.


DraftKings reports positive Q2 incomes


DraftKings, meanwhile, reported its second-ever successful quarter as a public business, leading to a 7% dive in stock worth in after-hours trading on Wednesday. The company published $1.51 billion in revenue for Q2 2025, surpassing analyst expectations of $1.43 billion.


Robins credited the 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., expecting major markets, such as Texas and California, will be included.

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