Illinois residents will face a slew of new and increased taxes on various everyday items and services starting on July 1.

Jason Robins, DraftKings CEO, joins CNBC's 'Squawk on the Street' to discuss Illinois' new tax on mobile and online sports wagers.

On June 10, Flutter Entertainment plc (NYSE:FLTR), another player in the space, announced a $0.50 fee for each bet made on its FanDuel platform, effective September 1, to offset the added cost.

J.B. Pritzker says Illinois budget, which includes new tax rate on every online sports wager, showcases state's "hard-earned fiscal responsibility." ...