Corporate Tax

Company tax chat: Adam Robbins, Head of US Tax at FanDuel

Bloomberg Tax spoke to Adam Robbins, the head of the U.S. tax department at FanDuel, about the legalization of sports betting, the IRS’s definition of betting, and the challenges of dealing with a pandemic.

Last year, sports betting companies like FanDuel saw some sources of income dry up as Covid-19 raged. With the sport back, FanDuel has continued its launch in new states. The Robbins team is mastering the tax challenges with these startups as FanDuel adapts to the growing market created after the Supreme Court lifted the federal ban on sports gambling in 2018. He also worked with the FanDuel legal team to understand the implications of two IRS memos …

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