Chicago vs Springfield: Illinois Sports Betting Tax Showdown

Chicago vs Springfield: Illinois Sports Betting Tax Showdown

Chicago is moving forward with a 10.25% sports betting tax to help fill a $1.2 billion budget hole despite major pushback from state lawmakers. Illinois already cranked up sportsbook taxes in 2025, and Chicago’s addition would push the total rate above 54% for city operators. … Read more

OPINION: The Thomas McPeek Case Is a Warning to All Bettors

OPINION: The Thomas McPeek Case Is a Warning to All Bettors

Thomas McPeek placed legal sports bets in Indiana and Iowa and won big. Caesars voided his $800,000 in winnings after the results came in. Their justification? Vague claims of “structuring” and AML concerns. McPeek followed all the rules, yet he’s banned and unpaid. The integrity … Read more

Bally’s Now One Step Closer To Launching Sportsbook In Chicago

Chicago

A special committee of the Chicago City Council voted 27-3 in favor of Bally’s Corporation to launch its casino and sportsbook in Chicago. The full City Council is set to vote within the week. Chicago Mayor Lori Lightfoot is likely on board to quickly approve … Read more

Selection For New Chicago Casino And Sportsbook Delayed Until Early Summer

Chicago Casino

The decision for Chicago’s new casino has been delayed until early summer Casino proposals have been narrowed to three of the best prospects Mayor Lightfoot wants to see the casino opened by 2025 CHICAGO, I.L. – Although Chicago Mayor Lori Lightfoot had previously stated that … Read more

Sports Betting Could Benefit Tourism In Chicago, New Orleans

Harrah's - New Orleans

Chicago has lifted restrictions on stadium-based sportsbooks in the city, opening up professional sports teams to the opportunity of hosting their own sportsbook at their venue. Louisiana’s mobile sports betting industry is on-track to launch prior to this season’s Super Bowl in mid-January, according to … Read more