Illinois Senate Passes Sportsbetting Tax Hike

This week the Illinois Senate passed the state's 2025 fiscal budget which includes a provision that increases the tax rate for sportsbetting operators in the Land of Lincoln.

If the budget is approved, sportsbetting operators will pay 40% tax on adjusted gross revenues, which will be nearly triple the current tax rate. The tax rate would be nearly triple what is currently in place and be only. behind New York's 51% tax rate. There would be a sliding scale to compute taxes due, with the cheapest tax being 20% for books with AGR of under $30 million, while the 40% would apply to books with AGR of over $200 million.

It should be noted that the bill is different than the House version, so there is a chance that the rate may be adjusted downward or left the same.

As expected, industry groups aren't happy with the proposed change. The Sports Betting Alliance, which contains some of the state's largest operators, called the move "extremely disappointing decision that will cause real harm". The group also claimed that punters could expect worse products if the changes come to pass.

Casino Listings News is following this story and will be updating readers as we learn more.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.

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