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
Las Vegas Sports Books Might Profit Off CBS Dispute with Cox, No Superbowl Likely for Sin City Cable Users editorial policy.
  1. New York Gov. Kathy Hochul Says Seneca Nation Casino Negotiations Ongoing

Compare Accounts
×
Las Vegas Casino Consumer Still in Strong Shape, Says Analyst
Provider
Name
Description
Mayweather vs. McGregor Speculation Continues, UFC President Dana White Says Fight Will Happen  Detroit Casinos Win $109M in April, Revenue Coming with iGaming, Mobile Sports Bets  New York State Casino License Applications Coming In at Top Dollar  Scientific Games Selling OpenBet to UFC’s Endeavor Group for $1.2B  Masters Longshot Patrick Reed Scores Major Win for Las Vegas Sportsbooks  Skillz Stock Craters After Wolfpack Research Forecasts ‘SPACtacular Disaster’  Scientific Games Selling OpenBet to UFC’s Endeavor Group for $1.2B  Deals with Kambi, GAN Show Churchill Downs Ready to Make Moves with BetAmerica  Atlantic City Police Charge Five in $12,000 Credit Card Fraud Case Tied to Borgata  Tennis Launches Major Review of Anti-Match Fixing Measures in Wake of Leaked Reports