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
VEGAS MUSIC ROUNDUP: Bruno Mars Adds NYE Performance, WWWY Sideshows Announced, Ludacris F1 Prices editorial policy.
  1. Jason Chaffetz Chastises Media for Focusing on Ryan Lochte Scandal, While Ignoring Hillary Clinton Emails

Compare Accounts
×
Caesars Entertainment Shaping up Nicely in 2020 Supported by Sin City
Provider
Name
Description
Nigel Eccles, Other FanDuel Founders Suing Preferred Shareholders for $120M  Rolex Stolen at Las Vegas Hotel Found Under Suspect’s Wig  Australia Illegal Gambling Sites Crackdown Sees 12 More Blocked  Band KISS to Build Biloxi Casino Resort on Site of Former Margaritaville Property  Caesars Entertainment Shaping up Nicely in 2020 Supported by Sin City  Former Mohegan Sun Pocono Exec Sentenced to 32 Months for Bogus Loyalty Card Scheme  Live! Casino & Hotel Louisiana Seeks Local Artists to Showcase Their Work at Bossier City Resort  Is Las Vegas Tourism’s Future Boom or Bust? Experts Have Varied Viewpoints  Jason Chaffetz Chastises Media for Focusing on Ryan Lochte Scandal, While Ignoring Hillary Clinton Emails  UFC President Dana White Donates $1M to Trump Campaign, Fertittas Supporting GOP House Effort