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<br>DraftKings CEO Jason Robins criticized a new tax arrangement in President Donald Trump's proposed megabill, calling it "really strange" and illogical. Robins questioned why gamblers should pay income tax on cash that isn't actual revenue.<br> |
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<br>- DraftKings CEO says [Trump's OBBBA](https://mendelium.com/index.php/blog/83078/the-bet-9ja-promotion-code-2026-is-yohaig/) does not make good sense. |
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- The [OBBBA prevents](https://thestarsareright.org/index.php/The_Betnaija_Promotional_Code_This_2026_Is_YOHAIG) gamblers from deducting 100% of their losses. |
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- DraftKings states it's working with lawmakers to nix the provision.<br> |
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<br>"I do think it's something that doesn't makes good sense," Robins informed CNBC's Jim Cramer. "If you can't subtract all your losses, you know, how does that make sense that you pay earnings tax on something that's not really earnings."<br> |
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<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 earnings, which was previously considered standard practice. Under the brand-new rule, only 90% of losses can be deducted, indicating that even a [break-even bettor](http://forums.cgb.designknights.com/member.php?action=profile&uid=145901) still owes taxes.<br> |
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<br>Robins [attributed](https://www.inspireglobalsolutions.com/profile/urnherman08535) the modification to a spending plan reconciliation technicality called the Byrd rule and included that DraftKings is dealing with lawmakers to reverse the provision.<br> |
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<br>Congress presents FAIR BET Act to combat Trump expense<br> |
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<br>DraftKings isn't alone in opposing Trump's megabill. Nevada Congresswoman Dina Titus has actually introduced the [FAIR BET](https://audiorooms-radio.de/brodiebrooks9) Act to [counter](https://git.sortug.com/frederickrnf55) the [questionable modification](https://newss.info/emeraldofkatongshowflat898339) in betting tax policy.<br> |
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<br>The brand-new rule sparked a backlash from industry specialists who argue the OBBBA unjustly strains taxpayers and dissuades transparent reporting. The FAIR BET Act, co-sponsored by Rep. [Ro Khanna](http://218.245.96.10/paulinan18496) of California, looks for to restore the previous guideline, which permits 100% of betting losses to be subtracted from profits.<br> |
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<br>Titus condemned the [betting](http://www.annunciogratis.net/author/bethanytjan) tax provision, stating Senate Republicans placed it without House permission and that it might drive [gamblers](https://xn--afriquela1re-6db.com/2021/10/14/bonne-nouvelle-enfin-le-vaccin-contre-le-paludisme-malaria-confirme-ca-va-changer-la-vie-des-africains-pour-toujours/) toward uncontrolled markets. Titus insists her bill ensures fairness for all gamblers and promotes accountable wagering through legal operators.<br> |
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<br>DraftKings reports favorable Q2 incomes<br> |
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<br>DraftKings, meanwhile, reported its second-ever successful quarter as a public business, resulting in a 7% dive in stock worth in after-hours trading on Wednesday. The company posted $1.51 billion in profits for Q2 2025, going beyond expert expectations of $1.43 billion.<br> |
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<br>Robins credited the company's success to strong client engagement, efficient acquisition techniques, and favorable wagering results. He revealed optimism about the continued legalization of [sports betting](https://ntlink.co/doylegott06719) throughout the U.S., markets, such as Texas and California, will be consisted of.<br> |
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