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
Wynn Macau Licensing Agreement Limited to $74.5M editorial policy.
  1. Las Vegas Sands Among Top S&P 500 Spenders on Private Jets for Executives

Compare Accounts
×
China Shortens Quarantine Time for Inbound Travelers, Macau Celebrates
Provider
Name
Description
Light & Wonder Accepting Lower Price on OpenBet Sale to Endeavor  Hard Rock Unveils ‘Unity’ Rewards Program, as Virginia’s First Casino Nears Opening  Atlantic City Union Claims Strike Would Cost Casinos $2.6M a Day  Sands Rebound Needs Two More Years, Says Moody’s  Bob Baffert Could Make Horse Racing Return at Monmouth Park Haskell  MGM Brand Heading to Shanghai for Non-Gaming Hotel  Florida Illegal Gambling Raid Leads to Three Dozen Charges Against Arcade Owner  UK Online Gambling Could See £2 Stake as Government Prepares to Publish White Paper  William Hill CEO Ulrik Bengtsson Steps Down as $3B Deal to Complete July 1  Colombia Busts 11 in Illegal Gambling Ring as Crackdown Continues