Name: Illinois Faces Pushback on Proposed Sports Betting Tax
Uploaded: 2025-11-26T17:16:27-05:00
Duration: 1 min 22 s
Description: Illinois may enforce a 10% tax on sports betting, igniting debates as current high taxes already burden lawmakers and operators. Sam McQuillan joins to discuss.

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Illinois may enforce a 10% tax on sports betting, igniting debates as current high taxes already burden lawmakers and operators. Sam McQuillan joins to discuss.

sportsbook news,legalization,state by state,operators,LSR,sports

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Illinois Faces Pushback on Proposed Sports Betting Tax

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Meanwhile, in Illinois at the moment, we have a hefty proposal in terms of a sports betting tax north of 10%. Is this gonna pass? Where does this go from here? Yeah, really interesting. Illinois is now one of the biggest sports betting tax states after raising their taxes almost 2 or 3 times in the past two years, where now the, the biggest operators, the fan dues and DraftKings of the world, have to pay basically a 40% tax as well as another per bet fee on every tax which they've turned, uh, thrown down. To are passed down to customers which now have to pay an extra bet fee in Illinois Chicago is actually uh proposing adding their own 10% tax on top of that, which now Illinois lawmakers have written Chicago councilman saying that this is just untenable. It would already add on to our enormous tax in the state. It would add a precedent where every locality is able to now add their own taxes. Onto it, uh, from Chicago's standpoint they want to raise more money. It would be about $26 million a year in tax revenue this raises, but when you put that on top of what many call already sky high taxes in the state, it makes it really untenable. Uh, we'll have to see if the Illinois lawmakers, about 30 of them are advocating not to adopt this if that has any sway with the actual Chicago lawmakers, we'll keep watching it.