Illinois Sportsbooks Persevere in August, But Regulatory Changes …

Oct 25, 2024 · Illinois sportsbooks have experienced growth in August 2024, despite operators facing revenue challenges. According to the Illinois Gaming Board (IGB), the state recorded a …

CouponFollow Extension

15%
OFF

Illinois Sports Betting Year In Review - Covers.com

2 weeks from now

Dec 25, 2024 · The Illinois sports betting tax rate will increase massively in 2025 based on legislation approved in 2024, from 15% to 20% to 40%, depending on sportsbook revenue.

covers.com

$879
OFF

Illinois Sportsbooks Close August With $879M Betting Handle

2 weeks from now

Oct 22, 2024 · Illinois is continuing to showcase its viability as a sports betting market following the state’s latest monthly revenue report.. According to data provided by the Illinois Gaming …

sbcamericas.com

30%
OFF

Illinois Sports Betting Action Rises 30% Year-Over-Year In August

2 weeks from now

Oct 22, 2024 · Online Illinois sports betting accounted for $852.8 million of the state's total wagering during August.. DraftKings led all operators with a handle of $328.4 million while also …

covers.com

$878
OFF

Illinois Sports Betting Handle Surges To $878 Million For August

2 weeks from now

Oct 2, 2024 · 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 …

cdcgaming.com

$53
OFF

New Illinois Sports Betting Tax Rate Goes Into Effect On July 1

2 weeks from now

Jun 7, 2024 · Gov. J.B. Pritzker (D) signed the Illinois FY 2025 budget into law this week, which includes a new progressive tax rate for licensed state sportsbooks. Pritzker signed the $53.1 …

sportsbettingdime.com

$53
OFF

Illinois Gov. Pritzker Signs Progressive Sports Betting Tax Into Law

2 weeks from now

Jun 5, 2024 · Illinois Gov. JB Pritzker signed the state’s $53.1 billion budget package for Fiscal Year 2025 into law Wednesday, ushering in a fundamental change to sports betting tax rates …

sportshandle.com

FAQs about Illinois Sportsbooks Persevere in August, But Regulatory Changes … Coupon?

Does Illinois have a sportsbook?

A major international sportsbook is making its way into the Illinois sports betting market. The Illinois Gaming Board announced last week that bet365 was approved for a license for Illinois sports betting. Bet365 partnered with Walker’s Bluff Casino Resort. The two entities will work together for an in-person and online sportsbook. ...

Does Illinois legalize sports betting?

“Since the legalization of sports betting in Illinois, gaming companies have enjoyed one of the lowest sports wagering taxes in the nation,” Gough said in an email. “In that time, the sports betting industry has exploded and companies like DraftKings and FanDuel have seen incredible profits.” ...

Will Illinois allow online sportsbooks to operate inside state lines?

The legislation also allows online and mobile app-based sportsbooks to operate inside state lines. Governor J.B. Prizker publicly stated his strong support for the legislation and signed the bill into law on June 28, 2019. Illinois launched state-licensed sportsbooks Monday, March 9 in 2020 at Rivers Casino in Des Plaines. ...

When does a sportsbook open in Illinois?

Registration can now occur online. March 9, 2020 – BetRivers Sportsbook opens for business and accepts the first domestic wager in Illinois. June 28, 2019 – Governor Pritzker signs the Sports Wagering Act into law, permitting retail, online, and mobile sportsbooks to operate in IL. ...

Are mobile sportsbooks legal in Illinois?

While domestic sports betting apps in IL need to be downloaded to devices, the same cannot be said for mobile gambling at offshore sportsbooks. In IL, bettors must be 21 or older to download sportsbook apps and place a mobile wager. Offshore sportsbooks accept members as young as 18 - but some require a minimum age of 21. ...

Will Illinois bust the tax bracket For sportsbooks in March Madness?

As bets roll in on another season of March Madness, Gov. J.B. Pritzker is aiming to bust the tax bracket for Illinois sportsbooks and net the state a bigger piece of the action from a still-booming billion-dollar sports wagering market entering its fifth year. ...