Illinois Gaming Board reports $94.6m June sports betting revenue
The Illinois Gaming Board reported $94.6 million in adjusted sports betting revenue for June, up 73% year on year. The figure included an adjustment of more than $9.1 million to DraftKings’ online winnings, which the board said DraftKings made; handle was nearly $848 million and the state collected $14.2 million in tax. Illinois’ progressive sports betting tax rates took effect on 1 July.
The reported adjustment and new progressive tax rates affect sportsbook revenue comparisons and operators’ tax exposure in Illinois.