Industry expert: More than doubling sports gambling tax will have negative impact – Center Square

If approved by the legislature, the tax for sports book operators would go from 15% to 35%, one of the highest percentages in the country. Dan Holmes with the gambling information website PlayIllinois said big operators like DraftKings and FanDuel should have no problems with the increased operational taxes, but may choose to offer less perks to Illinois sports bettors. But there is speculation that smaller sports books may suffer and close up shop in Illinois.
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Freddy
2 years ago

This will cause more people to gamble the old fashion way with a bookie under the table and no taxes will be paid. Look what happened in California with all the regulations and taxes on pot growers. Legal vs illegal and what it costs. No different in Illinois.
Also look at all the people who live close to any border state in Illinois when the gas taxes doubled. The other states gas stations had increases in sales while those on our side closed because they could not compete.
https://getnugg.com/blog/the-shocking-reality-legal-vs-illegal-cannabis-production-costs-in-california/

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