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The Act allows for a 15% gross revenue tax on all licensed sports betting operations in the state. [13] The Act also included a provision to increase the amount of diversity in the space by requiring that licensees "collaboratively work with companies that serve Illinois residents to improve their supplier diversity in a non-antagonistic manner."
Illinois is the third largest sports betting state in the country. According to Illinois Gaming Board records, the state’s 11 active sportsbooks raked in just over $1 billion last year, sending ...
A major gambling expansion in Illinois that will give Chicago its first casino, allow betting on sports and raise money for a massive infrastructure program won final approval on Sunday in the ...
After striking out last year, Illinois has come up with one bidder in its second try to award three online-only sports betting licenses. The Illinois Gaming Board announced Thursday that DGC IL, a ...
FanDuel Group is an American gambling company that offers sportsbook, daily fantasy sports, horse racing, and online casino services. The company operates sportsbooks in a number of states including New Jersey, Pennsylvania, Indiana and West Virginia, as well as an online horse race betting platform, and a daily fantasy sports service.
On August 8, 2023, Penn announced an agreement with ESPN Inc. to launch a new sports betting brand, ESPN Bet; under the agreement, Penn would pay $1.5 billion to license the ESPN brand for 10 years, and provide ESPN with $500,000 in stock options. In turn, ESPN would provide marketing and access to its talent for the service.
State governments collected about $2.5 billion in sports-betting tax revenue in 2024, a 19% jump. ... DraftKings alleges that the company’s offer “to get a $1,000 deposit bonus” on the sign ...
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related to: sports betting apps illinois state