DraftKings to tax winning bets in high-rate states in a bid to boost profit

Mobile betting powerhouse DraftKings is planning a tax on consumers in states with the highest sports betting tax rates, as the company looks to boost profit. The company announced Thursday that starting next year it will implement a gaming surcharge on winning bets in states with multiple betting operators and where the tax rate is above 20%. That includes Illinois, New York, Pennsylvania and Vermont. "We decided that the best course of action is to do what really every other industry [does] — whether it's ...