by Jerad Paparella | Dec 17, 2021 3:54 pm | Regulatory
Chicago has lifted restrictions on stadium-based sportsbooks in the city, opening up professional sports teams to the opportunity of hosting their own sportsbook at their venue. Louisiana’s mobile sports betting industry is on-track to launch prior to this season’s...
by Jerad Paparella | Dec 10, 2021 4:23 pm | Legal
The city of Chicago is set to discuss a potential new 2% tax on sports betting revenues in the city; this would bring the effective sports betting tax rate to 19%. While many see the tax as an attempt to appease Neil Bluhm – a billionaire casino mogul –...
by Giovanni Shorter | Oct 29, 2021 12:51 pm | Sports Betting
Illinois set to end the in-person sign-up requirements for mobile sportsbooks in March 2020 The end date was announced at the 102nd Illinois General Assembly in accordance with HB 3136. SPRINGFIELD, Ill. – Illinois mobile sportsbooks will soon be able to accept new...
by Giovanni Shorter | Oct 14, 2021 12:03 pm | Revenue
Illinois sportsbooks saw $400.4 million in wagers in August, up from the $369.1 million wagered in July. Online sportsbooks dominated the market, with 95% of total bets for August coming from mobile sportsbooks. DraftKings was the biggest sportsbook in August....
by Giovanni Shorter | May 11, 2021 12:14 pm | Revenue
Sports betting handle hit $633.6 million in March. This can be attributed to March Madness betting. This is the last full month where remote registry was allowed in Illinois. SPRINGFIELD, Ill. – Sports betting fans in Illinois were active during the March Madness...
