The total amount of money wagered (or handle) in the Illinois sports wagering market for 2023 was $11.6 billion. Taxes collected on that handle totaled $1,550,367,441, with $1,307,113,715 going to the state and $243,253,726 for local governments.
Not much being said about the stunning shortfall in Ballys money that Chicago already spent. Not much at all.
Freddy
2 years ago
Notice that the state gets over 5 times the tax revenue that the local governments get. That is 80% cut for the state and 20% for local. Most of the money should stay in the local community to help out taxpayers. If local governments would get 80% think of what they could do with that money. Al Capone is rolling in his grave if he knew how much the state is getting from betting which was not legal then. Also booze and cigarette taxes bring in millions more. Keep most of the money locally and keep it from the Springfield… Read more »
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Not much being said about the stunning shortfall in Ballys money that Chicago already spent. Not much at all.
Notice that the state gets over 5 times the tax revenue that the local governments get. That is 80% cut for the state and 20% for local. Most of the money should stay in the local community to help out taxpayers. If local governments would get 80% think of what they could do with that money. Al Capone is rolling in his grave if he knew how much the state is getting from betting which was not legal then. Also booze and cigarette taxes bring in millions more. Keep most of the money locally and keep it from the Springfield… Read more »
JUST ENOUGH TO KEEP THE ILLEGALS IN VISA CARDS!