DraftKings Rolls Out Subscription Service Giving Bettors a Boost in Odds

DraftKings Rolls Out Subscription Service Giving Bettors a Boost in Odds.

Costfoto / NurPhoto / Getty Images

Key Takeaways

DraftKings users can now buy better parlay odds via a new $20 per month subscription service, first reported by .

DraftKings announces they are rolling out a new subscription service for bettors in New York.Max 100% Boost

Called DraftKings Sportsbook+, launched only in New York at this point, the subscription offers “Unlimited ‘Stepped Up’ Boost Tokens” 30 minutes from the time you subscribe that can be applied to parlays and same game parlays. Participants will get a maximum 100% profit boost on winning parlays (11 or more legs).

DraftKings is the first sportsbook to offer a subscription service. According to the service was launched quietly in New York on Dec. 28.

New DraftKings Sportsbook+, launched in New York.High New York Taxes

In a statement, the company said:

The subscription service was designed to offer our customers an enhanced fan experience, creating more excitement and value to our extensive parlay offering.”

As in September, DraftKings CEO Jason Robins said he would be looking at alternate avenues to get around jurisdictions with high sports betting taxes – like New York for example, with a tax rate of 51%.

In August, DraftKings had proposed implementing a tax on winning bets in states with high tax rates but in two weeks abandoned the idea.

Massive Expansion in Popularity of Parlays

No word from DraftKings on a rollout of the subscription offering in other states. In the end, bettors can make longer shot wagers potentially more lucrative. Parlay bets are also a rapidly expanding area of profitability for sportsbooks, thanks in part to aggressive advertising by sportsbooks like DraftKings, FanDuel and BetMGM.

According to Flutter Entertainment, the company that owns FanDuel, over 262 million ‘Same Game’ bets were made globally in the last quarter of 2023 across Flutter’s key brands – almost 75% more than in the same period in 2022.

Article Sources
Banned Baseball Great Pete Rose a ‘High Stakes Gambler,’ Estranged Wife Claims editorial policy.
  1. GAN Soars in Nasdaq Debut After Upsized IPO Prices at High End of Range

Compare Accounts
×
Churchill Downs to Resume Racing May 16, Pandemic Delays $300 Million Hotel Project
Provider
Name
Description
VEGAS RESTAURANT ROUNDUP: Cuban at Flamingo, Crossroads Burgers Dead-Ends at Resorts World  China Bans Play-Money Social Poker Apps, Squashes Chinese Poker Boom  Melco Resorts’ Cyprus Casinos Remain Closed Through Mid-July Despite Limited Number of Coronavirus Cases  UV Slot Machine Partitions Developed to Protect Casino Players, Workers  Ocean Resort Casino Reportedly Joining Hard Rock Atlantic City in Opening June 28  Japan Extends Emergency Declaration Through May, Casino IR Timeline Unchanged  Macau Casino Employees Less Satisfied in Workplace, but More Confident in Career Outlook  Donald Trump Allegedly Won $1M Coin Flip Over Trump Plaza Casino Deal  Wynn Resorts Litigation Settlement Drags Scandal-Ridden Gaming Operator Down to Nine-Figure Q1 Loss  MGM Springfield Opening Ahead of Schedule on August 24, but Wynn Boston Takeover Rumors Persist