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Illinois governor proposes 35% sports betting tax in FY2025 budget

Regulation

Illinois Governor JB Pritzker proposed raising the state sports betting tax rate from 15% to 35% in his FY2025 budget. The proposal projects an additional $200m in tax revenue compared with the current rate; if enacted, the increase would take effect on 1 July. The Governor's Office said the change would support working families and bring Illinois closer to rates in other states.

Operators in Illinois could face a higher state tax on sports betting revenue if lawmakers enact the proposal.

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Colorado posts record sports-betting tax revenue for FY2025/2026

Colorado's Division of Gaming recorded record tax revenue of almost €42m from sports betting in fiscal year 2025/2026, with about €3.12bn in wagers through July 2026. The Problem Gambling Coalition of Colorado says support services for problem gamblers are struggling to keep pace with the growth. A state law in force since August limits players to six deposits in 24 hours, bans credit-card deposits and bars promotional marketing to under-21s.

Colorado's Division of Gaming recorded record tax revenue of almost €42m from sports betting in fiscal year 2025/2026. The state recorded about €3.12bn in wagers through July 2026, the report said.

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