Taxing a winning sports wager? I had never even pondered such a scenario much less believed it could occur at a U.S. sportsbook.

However, that is precisely what Draft-Kings proposes for January 2025, to offset bloated tax rates in Illinois, New York, Pennsylvania and Vermont. (According to an insider, it will not include horse racing.)

Chicago native Sam Panayotovich, betting analyst for the New England Sports Network and Fox Sports, says there is “no way” he’d shop at a book that taxes triumphs.

“They already tax you 10%,” he says of the typical -110 wager, “on the average loss in basketball and football, now they want to take money when you beat the house? That’s BS. No platform or technology is worth that.”

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