In Illinois, H.B.4951 proposes higher taxes for online bookmakers like DraftKings and FanDuel.

In Illinois, H.B.4951 proposes higher taxes for online bookmakers, including a 20% tax on annual online sports betting revenue up to $30 million, increasing to 40% for revenues over $200 million. The bill, which needs Governor J.B. Pritzker's approval, would increase taxes on Draft Kings, FanDuel, and similar platforms, potentially reducing their profits while providing additional revenue for Illinois.