GGB Magazine February 2025 | Page 11

Down to the Nitty Gritty

BY THE NUMBERS

SUBScriBe for tipS , tricKS — AND pArlAy BooStS ?

What does $ 20 a month buy you in today ’ s marketplace ?

For most people , that sum equates to some type of utility bill , streaming service , gym membership , etc . But bettors in New York now have the option of using that money to pay for Sportsbook +, a new subscription service from DraftKings that will allow users to reap better odds on longshot parlays .
The parameters of the subscription are like so : parlays must be two or more legs , and each leg must have odds of -500 or lower . Odds payouts would then be boosted by a certain percentage depending on the number of legs : two legs would be boosted by 10 percent , three legs by 20 percent , and so on , up to 100 percent for 11 or more legs .
It is unknown if the revenue from those subscriptions would be classified as taxable gaming revenue .
Given that the bookmaker debuted the service in the market with the most bemoaned tax rate ( 51 percent ), it is assumed that it is another attempt for the company to lessen its tax burden and generate more revenue . In August , the company drew the ire of the betting world by proposing and then quickly nixing a planned surcharge on winning bets in Illinois after lawmakers in that state implemented a new tiered tax structure that caps out at 40 percent .
10 %

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A $ 20 A moNth SUBScriptioN to DrAftKiNGS ’ SportSBooK + iNcreASeS wiNNiNGS BASeD oN pArlAy BetS
20 %

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40 %

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50 %

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60 %

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70 %

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Down to the Nitty Gritty

S

ports betting stakeholders are ready for a renewed push in legislative sessions across the U . S . in 2025 . By now , there are just 11 states left without some form of legal online wagering , and the prospects for legislation look different for each . None are expected to be slam-dunks , but that is understandable given that they are the markets that have resisted legalization to this point .
Those considered to be possible — but far from certain — are Texas , California , Georgia and Minnesota . The latter two have come very close to legalizing in previous sessions and are expected to do so again this year . Texas and California have long been the holy grail and white whale , but both are generating at least some fresh buzz for this year .
In the unknown section there is Alabama , Oklahoma and South Carolina . Of the three , Oklahoma is the biggest gaming market , but tribes might wait until Governor Kevin Stitt term-limits out in 2026 to move forward . The other two have historically been opposed to gaming but are seeing neighboring markets expand with new offerings .
No one from the unlikely quartet of Utah , Alaska , Idaho and Hawaii is expected to see much progress in this session .
U . S . SportS BettiNG
6 Global Gaming Business FEBRUARY 2025