The law is creating backlash from the gambling industry and bettors who could owe taxes even if they break even.

Illinois customers may no longer bet below $2.50, based on messages BetMGM sent out. This is to help ensure operating margins within the new framework ...

These changes come in response to a per-wager tax enacted by the Illinois General Assembly in May and effective July 1. Under ...

BetMGM will enforce a $2.50 minimum bet in Illinois, as of Wednesday (July 16), as part of the response to the recent per-wager state tax ...

DraftKings could look to cannonball into the prediction market space with the acquisition of a startup platform.

Steven Pizzella of Deutsche Bank called the sports betting data providers winners while advising investors to hold on ...

Jefferies Group reduced its price target for DraftKings to $53 from $60 and has a Buy recommendation on the stock. This ...

(WIFR) - Changes are coming in Illinois as several new laws and tax increases are set to take effect July 1, 2025.

New laws in Illinois that take effect on Tuesday include a rise in the state gas tax, a increase in the tax on nicotine and tobacco products, and the "Small Plastic Bottle Act" which bans single ...

Income from the tax goes the state’s general revenue fund. FanDuel and DraftKings both announced they now will include a 50-cent fee on sports wagers made in Illinois starting Sept. 1.

Illinois is adding a 25-cent fee to all bets and 50-cent fee to high-volume sportsbooks such as DraftKings and FanDuel starting July 1. Illinoisans lost $1.12 billion in 2024, with $700 million of ...