Last August 5, the commitment to customer-centric policies by Rush Street Interactive has released a press release following the second quarter of DraftKings business update. It said introducing surcharge on winning bets is involved in its plans to address high tax rates. This is in states with a tax exceeding 20%. It will start from January 1 of the following year.
Rush Street Interactive and its brands like including BetRivers and RushBet says it is reaffirming its dedication to providing exceptional value for players by not following in the footsteps of DraftKings.
For Richard Schwartz, CEO of Rush Street Interactive, it was an easy decision.
He explained that RSI remains committed to maintaining its leadership position in the industry by continuously prioritizing the needs and preferences of its players. He believes that RSI’s focus on customer satisfaction, coupled with its innovative rewards and loyalty programs, sets a benchmark for excellence in the online gaming industry.
The announcement of DraftKings resulted ripples in the United States sports betting industry. This is with bettors and analysts both critical.
As of today, the surcharge will apply in four states. This is down to the tax regimes in New York (51%), Pennsylvania (36%), and Vermont (20%). Illinois passed a sliding scale rate last may. It has a maximum of 40% for the highest-earning operators with a minimum of 20% for the lowest.
Its decision has been defended by DraftKings. It stated it will be fairly nominal to players. However, this hasn’t warded off widespread condemnation.
Analysts beg to disagree. According to Regulus Partners, the operator would lose market share, damage a brand and undermine credibility in one easy step with the charge.
Now, Rush Interactive has become the first major United States operator to completely rule out doing so. Thus far, no others have spoken out publicly against a much the same move.
