The bill now heads to Gov. J.B. Pritzker, who initially sought a general increase in the state’s sports wagering tax to 35% from its current 15%.While there was some parliamentary drama, the Illinois House of Representatives ultimately concurred on Wednesday morning with a Senate amendment to House Bill 4951 that will increase the tax rate for legal sports betting in the state.
Bender wrote that online sports betting companies focus on contribution profit from states and adjust costs to “right-size” their businesses there, The president of the Sports Betting Alliance, whose members are BetMGM, DraftKings, Fanatics, and FanDuel, called the Senate’s proposed tax scale, which the House has now approved, “an extremely disappointing decision that will cause real harm.”
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