The 21st Show

Tax for Illinois sports betting operators to potentially rise to 35% from 15%

Produced by Jose Zepeda
 
NCAA president and former Massachusetts Gov. Charlie Baker speaks at a news conference to announce a new initiative aimed at tackling the public health harms associated with sports betting among young people, Thursday, March 28, 2024, in Boston. Baker said those harms extend not just to young people making bets, but to student athletes coming under pressure from bettors hoping to cash in on their individual performance.

NCAA president and former Massachusetts Gov. Charlie Baker speaks at a news conference to announce a new initiative aimed at tackling the public health harms associated with sports betting among young people, Thursday, March 28, 2024, in Boston. Baker said those harms extend not just to young people making bets, but to student athletes coming under pressure from bettors hoping to cash in on their individual performance. AP Photo/Steve LeBlanc

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Governor Pritzker’s recent budget proposal suggests a potential hike in the tax rate for sports betting operators, from the current 15% to a proposed 35%.

We'll hear the mixed reactions to this proposed increase, what impact this can have on sportbooks and the state, and take a look at the possible legalization of online gambling.

GUEST:

Robert Linnehan

Sports Regulatory Reporter, Sports Betting Dime