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
Penn National Forecasts Q3 EBITDAR Above Estimates, Notes Boffo Bartsool Results editorial policy.
  1. Macau Casinos Donate Millions of Dollars for Henan Flood Relief

Compare Accounts
×
J.B. Holmes Shoots 5-Under, Grabs First Round Lead at the Open Championship
Provider
Name
Description
New Jersey Republicans Seeking State Office Running on Anti-Casino Smoking Platforms  Andorra’s New Casino Finds Success, as Revenue Tops $6M  Mohegan Sun, Foxwoods Gaming Revenue Declines in 2023 Fiscal Year  Novelty Betting: Favorites to Replace Logan Roy on HBO’s ‘Succession’  Steve Wynn Las Vegas Summerlin Mansion Re-listed at $24.5M  Macau Casino Revenue Reaches $2.31B in July  Las Vegas Poker Players, Frequently Unmasked, Gradually Return to Tables  Sands Bethlehem Sale to MGM Resorts Reportedly Falls Through  Bally’s Richmond Casino Odds Lengthen, as Locals Voice Opposition to Site Plan  Pennsylvania Casinos Announce Reopenings, as State Counties Enter ‘Green Phase’