the-bet-9ja-promo-code-2026-is-yohaig

DraftKings CEO Jason Robins criticized a new tax arrangement in President Donald Trump's proposed megabill, calling it "really odd" and illogical. Robins questioned why bettors ought to pay earnings tax on cash that isn't actual revenue.

- DraftKings CEO states Trump's OBBBA doesn't make good sense.

The OBBBA prevents gamblers from deducting 100% of their losses.
DraftKings says it's dealing with legislators to nix the arrangement.

"I do believe it's something that does not makes good sense," Robins told CNBC's Jim Cramer. "If you can't subtract all your losses, you understand, how does that make good sense that you pay income tax on something that's not in fact earnings."

The provision, highlighted in the GOP's One Big Beautiful Bill Act (OBBBA), would prevent bettors from deducting 100% of their losses from their winnings, which was formerly thought about basic practice. Under the new rule, only 90% of losses can be deducted, implying that even a break-even bettor still owes taxes.

Robins associated the modification to a spending plan reconciliation technicality referred to as the Byrd rule and included that DraftKings is working with legislators to reverse the arrangement.

Congress presents FAIR BET Act to fight Trump costs

DraftKings isn't alone in megabill. Nevada Congresswoman Dina Titus has presented the FAIR BET Act to counter the questionable change in gambling tax policy.

The brand-new rule sparked a backlash from industry specialists who argue the OBBBA unjustly burdens taxpayers and prevents transparent reporting. The FAIR BET Act, co-sponsored by Rep. Ro Khanna of California, looks for to bring back the previous guideline, which permits 100% of wagering losses to be subtracted from earnings.

Titus condemned the betting tax arrangement, stating Senate Republicans placed it without House permission which it could drive bettors towards unregulated markets. Titus insists her expense ensures fairness for all wagerers and promotes responsible betting through legal operators.

DraftKings reports positive Q2 profits

DraftKings, on the other hand, reported its second-ever lucrative quarter as a public business, resulting in a 7% jump in stock worth in after-hours trading on Wednesday. The business published $1.51 billion in profits for Q2 2025, going beyond analyst expectations of $1.43 billion.

Robins credited the company's success to strong client engagement, effective acquisition methods, and favorable betting outcomes. He expressed optimism about the continued legalization of sports wagering throughout the U.S., anticipating major markets, such as Texas and California, will be consisted of.