Chicago sets 10.25% sports betting tax for 2026
Chicago’s 2026 budget sets a 10.25% tax on adjusted gross revenue from wagers placed in the city with licensed sports betting operators, effective 1 January, according to the report. The tax is forecast to raise $26.2m in 2026; the budget also anticipates $6.8m from a proposal to legalise video gaming terminals in the city.
Licensed operators face a new Chicago tax on city wagers, while the budget also anticipates revenue from proposed video gaming terminals.