SectorWire
SearchRegister
MenuClose

Illinois senator proposes offset to Chicago sports betting tax

Regulation

Illinois state Senator Patrick Joyce filed SB 2760, which would reduce Chicago’s share of state revenue distributions by the amount the city collects through sports wagering fees or surcharges. The proposal comes as Chicago’s 2026 budget, including a 10.25% tax on city-based sports betting operators’ revenue, is due to take effect; Mayor Brandon Johnson said he would neither sign nor veto the budget ordinance.

The bill could offset Chicago’s sports betting tax by reducing the city’s state revenue-sharing allocation if enacted.

End-of-day close DraftKings (DKNG), USD, to 13 February 2026
Story date17 November 202513 February 2026

Request a correction

Flag an issue

Keep reading

Regulation

Chicago imposes 10.25% sports betting tax as operators challenge levy

Chicago’s 10.25% sports betting tax took effect on 1 January after Mayor Brandon Johnson allowed the city budget to become law without signing or vetoing it. The Sports Betting Alliance, representing bet365, BetMGM, DraftKings, Fanatics and FanDuel, is challenging the city’s authority in court; Illinois lawmakers are also considering measures concerning local betting taxes.

Continue reading