Illinois Policy Group claims that legislators should reduce sports tax costs -

A photograph of an altered wooden panel. "Illinois" in daring white letters. The sign is slightly tilted, positioned in the foreground with a vintage aesthetic. Behind the panel, a two -lane highway extends in the distance under a light blue sky, bordered by golden wheat fields swarming gently in the breeze. The warm sunlight in the afternoon illuminates the scene, throwing long shadows and highlighting the texture of the sign and the immensity of the American landscape.

“Legislators should make the costs back by BET,” explains the non -profit reflection group, the Illinois Policy Institute in its publication “Illinois politics” during the discussion of sports betting taxes in the state.

According to the author of the article, Dylan Sharkey, sports betting in Illinois are delivered with the fifth highest taxes in the country and leads the Midwest.

Region legislators had previously noted the state tax on online sports games from 15% to 40%, with a new fee added to each bet. This includes 25 cents per bet or 50 cents if a sportsbook takes more than 20 million bets per year.

It has also been reported that Illinoisans lost $ 1.12 billion in Paris on sport in 2024, including $ 700 million on “long -term long and high payment bets known as Parlays which require multiple results”.

“With the new costs in force, these losses will increase more and more,” says Sharkey in Illinois politics.

“The state budget relies on these losses. The legislators expect even more sports betting income next year – which only occurs if the Illinoisans play and lose, more money. ”

The writer continues to suggest that legislators should reduce costs by BET and “keep the Illinois” attractive for players. »»

Aside from Illinois, what states also have high sports betting taxes?

According to data from Tax Foundation, New Hampshire, New York, Oregon and Rhode Island have some of the highest tax rates because they represent 51% of sportsbook income.

Meanwhile, Nevada and Iowa take the lowest tax rates, these being 6.75%. Illinois is not the only state to have a different approach to tax sports betting either, as with its additional quantum costs per bet. In Tennessee, there is a tax directly on the handful of sports betting.

In Oregon, the lottery has granted a monopoly for online sports betting in exchange for the State receiving 51% of sports betting products.

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