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Illinois Gaming Board reports $1.07bn sports betting handle for February

Regulation

The Illinois Gaming Board reported $1.07bn in traditional sports betting handle for February, up 22.3% year on year. Adjusted gross revenue reached $83.5m, while the state collected more than $12.5m in tax receipts. Governor J.B. Pritzker proposed raising the operator tax rate from 15% to 35% in his fiscal 2025 budget.

The proposed tax increase could change operators’ tax costs in Illinois.

End-of-day close DraftKings (DKNG), USD, to 24 May 2024
Story date26 February 202424 May 2024

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