Governors' Progressive Tax Rate for Sportsbooks Doubles Rates for Some Operators
July 24, 2024
July 24, 2024
CHICAGO, Illinois, July 24 -- The Illinois Senate Republicans issued the following news on July 23, 2024:
Earlier this month, Illinois began a sharp tax increase on its sportsbooks, with rates more than doubling for some operators.
This tax hike, driven by Governor Pritzker's bloated budget, introduces a progressive tax system to Illinois' robust sports betting industry. Under the new tax system, the industry will move away from a flat 15% rate to a graduated . . .
Earlier this month, Illinois began a sharp tax increase on its sportsbooks, with rates more than doubling for some operators.
This tax hike, driven by Governor Pritzker's bloated budget, introduces a progressive tax system to Illinois' robust sports betting industry. Under the new tax system, the industry will move away from a flat 15% rate to a graduated . . .