Gamblers Have One Year From Today Before The 90% Cap Hits Home [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
the rounds, it's looking increasingly likely the 90% cap on deductions for gambling losses is here to stay. And with today being tax day in America, that means gamblers have one year until the 2026 bills come due, a year in which they will run the risk of paying taxes on what amounts to, very literally, phantom income Existential crises don't come much bigger. So what's a gambler to do? It's not exactly cut and dried. Christopher Dierkes is hedging everywhere he can. In fact, that's basically the reason he took the job as director of trading for Novig. “It was part of the reason why I'm dropping some of my personal betting and focusing more on Novig, and why I moved to Novig,” Dierkes said. “Pretty much to guarantee myself a salary. It's crazy.” Before the cap, Dierkes was an aggressive bettor. He'd have months of downswings, but it didn't matter. The math worked over time. Now a losing month — or week, or day — isn't just a losing month. It's a potential catastrophic ta
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News
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- DraftKings Announces Intent to Launch Online Sportsbook and Casino in Alberta, CanadaBusiness Wire
- DraftKings (DKNG) had its "buy" rating reaffirmed by Citigroup Inc..MarketBeat
- Ohio Gaming Regulator Issues $5M Fine Notice to Kalshi [Yahoo! Finance]Yahoo! Finance
DKNG
Earnings
- 2/12/26 - Beat
DKNG
Sec Filings
- 4/2/26 - Form 4
- 3/26/26 - Form SCHEDULE
- 3/26/26 - Form ARS
- DKNG's page on the SEC website