Dec 07, 2020 · The partnership will, among other things, grant DraftKings access to the Connecticut sports betting market. What’s unusual here is that the market in question doesn’t exist yet. In 2017, Connecticut passed a bill instructing the state’s Commissioner of Consumer Protection to draft regulations for sports betting.
Sports betting winnings are subject to the same 24% federal tax rate as other gambling winnings. The winners are also responsible for paying the applicable local taxes. The current NJ tax rate is 8.5% for retail sportsbook wins and 13% for wins at online sportsbooks or on mobile apps.
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Jul 14, 2020 · Additionally, in December 2018, a 1.25% sports betting tax increase came into effect. This brings the sports betting taxes to 9.75% for sports betting facilities and 13% for mobile and online institutions. These additional gambling taxes go to helping the Casino Reinvestment Development Agency.
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Trying to access the DraftKings sports betting app outside the state of New Jersey may land you in a whole heap of trouble, so says the ominous message that pops up when one attempts to do so.
DRAFTKINGS SPORTSBOOK. Also keep up to date on the latest NBA betting options by using our DraftKings Promo Code for NJ online sports betting and PA Online Sportsbooks .