Tag: progressive tax rates
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Illinois Sports Betting Handle Surges to $878 Million for August
The Illinois Gaming Board reported nearly $878 million in traditional sports betting handle for August on Friday as sportsbooks in the Land of Lincoln had a middling performance. The completed events handle was $865.2 million, with the difference likely represented by college and NFL futures wagering. Traditional handle was up nearly 30% compared to August…
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Illinois Sportsbooks Pot $71.3 Million for July as New Tax Rates Take Hold
The Illinois Gaming Board reported $71.3 million in adjusted gross sports betting revenue for July on Thursday, the first month the state’s new progressive tax rates took effect. Gov. JB Pritzker changed the rates from a flat 15% to revenue-based tiered ones that begin at 20% when he signed the Fiscal Year 2025 budget into…