Illinois Governor JB Pritzker signed the state’s FY2025 budget into law on 5 June, including a progressive tax on sports betting revenue due to take effect on 1 July. Operators will face rates from 20% to 40%, with the top rate applying to revenue above $200 million, according to the reported bill provisions.
Operators’ tax rates in Illinois will rise with revenue, reaching 40% above the $200 million threshold.
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It was reported that Illinois Governor Jay Robert Pritzker signed Senate Bill 2749 into law. The measure expands gambling education and strengthens prevention and treatment initiatives.
North Carolina Governor Josh Stein signed the state’s fiscal 2026 budget, which taxes prediction-market operators at 6% of net trading-fee revenue. The source names Kalshi and Polymarket as examples of affected companies and says the measure forms part of a wider gambling tax increase.
Illinois Governor JB Pritzker proposed higher taxes on table games and electronic gambling in his FY2027 budget. The plan estimates $120 million in additional revenue and would raise table-game tax rates to between 15% and 50% at 15 of the state’s 16 casinos; Chicago’s casino would remain under its separate tax structure.
Ohio Governor Mike DeWine said he regretted signing House Bill 29, which established the state’s sports betting framework. He cited recent betting scandals and criticised operators’ advertising, while saying changes to strengthen sports integrity could be possible; the source reports that Ohio has generated $500 million in tax revenue from sports betting.
New Jersey Governor Phil Murphy signed bill A5447 into law, prohibiting the sweepstakes model of wagering and establishing penalties for offering the games. The measure gives enforcement authority to the state’s Division of Consumer Affairs and Division of Gaming Enforcement; it passed the legislature on 30 June.