Highlights

Illinois Sports Betting: What the Government Isn’t Telling You Could Change Everything

Illinois Sports Betting: What the Government Isn’t Telling You Could Change Everything

Ever wonder what happens when politics and sports betting collide — and the government decides to squeeze every dime it can out of your small wager? Well, Illinois is about to find out the hard way, as a new tax bill sneaks in a 25-cent charge per bet for the first 20 million bets, then doubles down to 50 cents after that, starting July 1. Sneaky, isn’t it? FanDuel’s already ready to pass that cost onto bettors, charging half a buck per bet by September, while DraftKings gears up to challenge the law—though how that fight will play out remains murky. The so-called “made men” of legal sports betting are crying foul, labeling the tax punitive and perhaps unconstitutional. As someone who hoped to place legal bets on the 2025 U.S. Open and an NBA Finals game while flying into Illinois, I can tell you—this change might just dry up Illinois’ legal sports betting fun after summer. For the casual bettor tossing a few bucks here and there, a 50-cent tax might seem small — until it kills the thrill altogether. Meanwhile, the tax could drive more folks toward the old-school, taxless bookie routes—because, let’s face it, Americans have been dodging taxes since the 1770s. If you thought legalization would clean up the mess, think again — the government’s knack for bungling sports betting is about to write a new chapter. Want to see what the fuss is all about? LEARN MORE.LEGAL sports betting in Illinois is about to suck once its new tax bill goes into effect July 1. While most people were sleeping, the Illinois government passed a bill to tax sportsbooks 25 cents per bet on the first 20 million bets placed, then 50 cents per bet afterward. Of course, these cockroaches passed it in the middle of the night. 

Pages: 1 2 3 4 5 6

Post Comment

RSS
Follow by Email