Intra-city tax increase isn’t official, but task force says it could raise significant revenue If approved, levy would be on top of Illinois’ already high OSB taxes SBA says it will encourage bettors to wager with unlicensed books Illinois already has some of the highest online sports betting (OSB) taxes in the country, but bettors in Chicago could feel an added pinch if the cash-strapped city pursues a task force’s recommendation. Chicago Mayor Brandon Johnson. A task force is recommending the city consider a tax on sports bets placed within city limits. (Image: Shutterstock) In a newly released report, Chicago’s Financial Future Task Force makes a slew of recommendations for a city facing a $1.1 billion fiscal 2026 deficit, one of which is a tax on all internet sports bets placed within city limits. The task force estimates that if the city applies a tax of 25 cents to each bet placed there, it’d raise $8.5 million per year. Double the…Â Read More
Category: Midwest, Regional News, Sports Betting, regional news, sports bettingÂ
Source: Casino.org
