E219 - Roundtable discussion on DraftKings new surcharge

On this episode of the Business of Betting Podcast, Jason is joined by Dustin Gouker, Founder of Closing Line Consulting, and Joe Brennan Jr., Executive Chairman from Prime Sports.

Hear them discuss:

01:35 - DraftKings' new winning surcharge announcement

02:45 - The states affected by the surcharge

03:20 - The stock market's reaction to the announcement

04:05 - Comparison of U.S. and international tax rates

06:30 - The potential impact on DraftKings' profitability

07:55 - The price sensitivity of American bettors

09:00 - Historical context of high tax rates in the industry

10:15 - Implications for competitors like FanDuel and Smarkets

12:50 - The adjusted EBITDA and financial metrics analysis

16:00 - Potential impact on VIP customers and betting volume

18:20 - Product comparison between sportsbooks and exchanges

20:00 - Broader implications for the sports betting industry

22:00 - Predictions on if DraftKings will implement the surcharge

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