Corporate Tax Chat: Adam Robbins, Head of U.S. Tax at FanDuel

Bloomberg Tax spoke with Adam Robbins, head of U.S. Tax at FanDuel, about sports betting legalization, the IRS’s definition of wagers, and challenges of working through a pandemic.

Last year sports betting companies like FanDuel saw some revenue streams dry up as Covid-19 raged. With sports back, FanDuel has continued launching in new states. Robbins’ team navigates tax challenges with those startups, as FanDuel adapts to the growing market created after the Supreme Court struck down the federal prohibition against sports gambling in 2018. He has also been working with FanDuel’s legal team to understand the implications of two IRS memos ...