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.
June 22, 2024
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