Tag: DFS excise tax

DraftKings CEO Jason Robins is eagerly awaiting Governor Andrew Cuomo's signature on a bill that would free New York daily fantasy sports from injunction. (Image: Barry Chin/Boston Globe)

Legal Experts Believe DFS Operators Can Delay IRS Excise Tax

The IRS said it intends to impose an excise tax on DFS contest entries, but legal experts believe the industry can delay the implementation due to ambiguities in the law. Confusion About Whether DFS Contests are Wagers An IRS memo said that DFS companies must pay a 0.25 federal excise […]