Illinois Gaming Board reports $100.9m in May sports betting revenue
The Illinois Gaming Board reported $100.9 million in adjusted gross sports betting revenue for May. Sportsbooks accepted $1.02 billion in wagers, while the state collected $15.1 million in tax at the 15% rate then in effect. A higher tax schedule took effect on 1 July, with rates rising from 20% to as much as 40% for operators exceeding $200 million in fiscal-year revenue.
The new tax schedule changes operators’ tax rates from July, with the maximum tied to fiscal-year revenue.