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
Why a Bottle of Champagne at EDC Las Vegas Cost $94,000 editorial policy.
  1. Queen Baton Rouge in Louisiana Opens Land-Based Casino Following $85M Overhaul

Compare Accounts
×
Remember SkyVue Las Vegas? Doomed Ferris Wheel Land Up for Sale
Provider
Name
Description
Bally’s New York Casino Suffers Election Day Setback as Republican Wins Bronx Seat  The World Cup Gets Another Sucker Punch Amid Claims of Match-Fixing  Landing International Chairman Suspended Amid Securities Regulator Probe  Michigan Tribes Ready to Get Behind Sports Betting, Governor Whitmer Not So Sure  North Korea Online Gambling Enterprises Gross Over $800 Million Despite Country’s Strict Anti-Gambling Laws  Kentucky Judge Awards $100M in Bonds to State in $1.6B PokerStars Case  Ahead of ESPN Bet Launch, ESPN Network Ditches Caesars Sportsbook  New York Yankees Send Pitcher ‘Nasty’ Nestor Cortes to the IL  Court Voids Nassau Coliseum Lease Transfer for Sands New York Casino Plan  Rhode Island Senate President’s Casino Smoking Comments Ignite Backlash