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Illinois House advances progressive sports betting tax of 20% to 40%

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The Illinois House approved concurrence on amendments to HB 4951, sending the bill to Governor JB Pritzker, according to the report. The measure would replace the 15% flat tax on adjusted gross sports betting revenue with rates from 20% to 40%; Pritzker was expected to sign it.

If enacted, the bill would change the tax rates applied to sports betting operators in Illinois.

End-of-day close DraftKings (DKNG), USD, to 12 July 2024
Story date15 April 202412 July 2024

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