DraftKings CEO Jason Robins slammed a new tax arrangement in President Donald Trump's proposed megabill, calling it "extremely weird" and illogical. Robins questioned why bettors ought to pay income tax on money that isn't real revenue.

- DraftKings CEO states Trump's OBBBA doesn't make good sense.

• The OBBBA prevents bettors from deducting 100% of their losses.
• DraftKings says it's dealing with lawmakers to nix the arrangement.
  
  "I do think it's something that doesn't makes good sense," Robins informed CNBC's Jim Cramer. "If you can't subtract all your losses, you understand, how does that make sense that you pay earnings tax on something that's not really income."
  
  The provision, highlighted in the GOP's One Big Beautiful Bill Act (OBBBA), would prevent gamblers from subtracting 100% of their losses from their winnings, which was formerly considered basic practice. Under the brand-new rule, just 90% of losses can be deducted, meaning that even a break-even gambler still owes taxes.
  
  Robins attributed the modification to a budget reconciliation technicality called the Byrd guideline and added that DraftKings is dealing with lawmakers to reverse the provision.
  
  Congress introduces FAIR BET Act to combat Trump expense
  
  DraftKings isn't alone in opposing Trump's megabill. Nevada Congresswoman Dina Titus has actually presented the FAIR BET Act to counter the controversial change in gambling tax policy.
  
  The new guideline sparked a backlash from market experts who argue the OBBBA unfairly strains taxpayers and prevents transparent reporting. The FAIR BET Act, co-sponsored by Rep. Ro Khanna of California, looks for to bring back the previous guideline, which permits 100% of wagering losses to be deducted from earnings.
  
  Titus condemned the betting tax provision, stating Senate Republicans inserted it without House consent which it could drive bettors towards unregulated markets. Titus insists her costs guarantees fairness for all wagerers and responsible wagering through legal operators.
  
  DraftKings reports positive Q2 incomes
  
  DraftKings, on the other hand, reported its second-ever successful quarter as a public business, resulting in a 7% jump in stock value in after-hours trading on Wednesday. The business published $1.51 billion in profits for Q2 2025, surpassing analyst expectations of $1.43 billion.
  
  Robins credited the business's success to strong consumer engagement, efficient acquisition methods, and favorable wagering outcomes. He expressed optimism about the continued legalization of sports betting across the U.S., expecting significant markets, such as Texas and California, will be included.