Illinois lawmakers passed a $55.2B budget with a controversial new tax on every legal sports bet placed in the state. The measure directly impacts DraftKings and FanDuel and could reshape the economics of legal sports betting. Analysts say other states may follow suit, as operators … Read more
Illinois is only two steps away from implementing a progressive sports betting tax that reaches up to 40%. The Illinois Senate amended House Bill 4951, including a progressive sports betting tax starting at 20% and reaching up to 40% based on operator revenue earnings. Illinois … Read more
Sportsbooks in Illinois handled nearly $870 million in bets in January, a 23.8% increase from December 2021 and a 49.2% increase year-over-year. These figures only stand to improve as Illinois’ in-person sportsbook registration requirement was lifted earlier this month. SPRINGFIELD, Il – Illinois saw one … Read more
Illinois sportsbooks handled $596.4 million in sports wagers in September. A bill will see the in-person registration requirement removed. There’s no set date on when the in-person registration bill will be removed. SPRINGFIELD, Ill – Illinois sportsbooks handled an impressive amount of money in sports … Read more
Illinois has had a regulated sports betting industry for two years. Over the last year, since going live in March of 2020, the state has collected $4,144,742,113 in wagers from both retail and mobile sportsbooks combined. The bulk of Illinois sports wagering is done through … Read more
Illinois could have in-state college sports betting by the end of this year. Senate Bill 521 would open up moneyline-only style wagers on college teams in the state at retail sportsbooks. The Senate and the House both passed the bill but the House added amendments … Read more
Illinois Gov. J.B. Pritzker signed an executive order to stop remote mobile betting signups. Big named sportsbooks are offering incentives for bettors to go signup in person. CHICAGO – Just ahead of the March Madness National Championship game, sports bettors in Illinois got some eye-opening … Read more
DraftKings has increased its year-on-year revenue growth by almost 100% for its third quarter their reports show. The sports betting company attributes this tremendous increase to many different factors, one of which being that they are now live in ten states with a mobile platform. … Read more
Illinois has been allowed to register for mobile sports betting platforms remotely since June. Governor J.B. Pritzker has to decide whether or not to allow the continued availability of remote sportsbook registration as the current order expires Saturday. Since opening remote registration for sports wagering … Read more
IL Gov. Pritzker extends remote mobile sportsbook registration again. Wyoming will see legal sportsbooks at three retail locations. The Indianapolis Colts and the Philadelphia Eagles both partner with their second sports betting operators. Arkansas, Colorado, and Mississippi have major sports betting handle spikes for September. … Read more
Rules for online sports betting in Michigan have been sent to the final committee for approval. DraftKings and FanDuel both signed with Turner Sports where FanDuel will have access to NBA broadcasts but DraftKings will have rights to everything else. New Jersey sports betting handle … Read more
The executive order that allows Illinois residents to sign up for mobile sports betting remotely has been extended by Governor J.B. Pritzker. The executive order was set to expire on September 19th. This is the second time the executive order has been extended. SPRINGFIELD, Ill. … Read more