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
Multi-State Lottery Association Pays $1.5M Settlement Over Rigged Hot Lotto editorial policy.
  1. Hard Rock Proposes Arkansas Casino Resort in Pope County, But Residents Oppose Gambling

Compare Accounts
×
Las Vegas Sands Makes Newsweek List of Most Responsible US Companies
Provider
Name
Description
Attorney Representing Town Wants Answers From Tribe on Martha’s Vineyard Gambling Hall  MGM Q2 Operating Loss Plunges to $1 Billion, EPS, Revenue Miss Street Expectations  South Korea Casinos Future Bleak Once Japan’s Resorts Live: Expert  EA Now Lets Players Set Spending Limits on FIFA 21 FUT Packs  Two Missouri Sports Betting Bills Would Allocate Royalties for Pro Leagues  MGM Q2 Operating Loss Plunges to $1 Billion, EPS, Revenue Miss Street Expectations  Pandemic Delays Atlantic City Casino 2020 Profit Reports  Macau Recovery Moving Along, Expect Frequent Updates, Says Jefferies  Crown Resorts Loses $191M, Oaktree Rescinds James Packer Offer  Super Nintendo, Minions Theme Parks Coming to Resorts World Sentosa in Singapore