Illinois Lawmaker Proposes Progressive Tax Rate For Sports Betting – Sports Handle

The minimum tax rate as part of HB 4951 is 20 percent, an increase from the current 15 percent rate at all levels of operator adjusted gross revenue. The threshold increases to 25 percent at $30 million in adjusted gross revenue; 30 percnet over $50 million; 35 percent over $100 million; and 40 percent over $200 million. Of the eight mobile sports betting operators currently in Illinois, only FanDuel ($429.3 million) and DraftKings ($350 million) would reach that maximum 40 percent threshold based on their last 12 months of winnings.