15% tax rate on sports gambling earnings in Illinois – HOI ABC (East Peoria)

Financial advisor Nicholas Royer said sports betting is a business for some people and the state saw it as an opportunity to earn from it as well. "What happened is the state realized that 94% of sports gambling is now done online. And so they looked at this as, Oh, it's a revenue that we can create for ourselves now that this is actually happening."

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