Sports betting stocks slide after Illinois lawmakers approve tax hike – CNBC

Wall Street is left wondering if other states will follow Illinois’ lead and try and plug their budget deficits by either adopting or increasing online sports gambling taxes. Both chambers of Illinois’ state legislature passed a budget that includes a tax of 25 cents per wager on the first 20 million online sports bets made each fiscal year, rising to 50 cents per bet after.
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Brian Jones
11 months ago

Killing the golden goose

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