State has fifth-highest sports betting taxes in the US Illinois Policy says state should go lower, not higher on those levies Chicago could consider its own sports wagering tax hike Illinois has some of the highest online sports betting taxes in the US — a status the state should reconsider if it wants to continue raking in cash from losing bettors. Illinois Gov. JB Pritzker signs a bill in August 2023. A policy group says the state should lower sports betting taxes. (Image: AP) That’s the view of the Illinois Policy Institute (IPI), which is described as right-leaning in some circles because it advocates for lower taxes and reduced government spending – policies that are hard to come by in deep blue Illinois. Through its Illinois Policy publication, the institute said the state’s high sports wagering taxes risk crimping what’s become an impressive revenue stream. People should be free to place a bet, but state government shouldn’t be hoping they…Â Read More
Category: Midwest, Politics, Regional News, Sports Betting, regional news, regulation, sports bettingÂ
Source: Casino.org
