by Giovanni Shorter | May 24, 2022 1:43 pm | Sports Betting
A special committee of the Chicago City Council voted 27-3 in favor of Bally’s Corporation to launch its casino and sportsbook in Chicago. The full City Council is set to vote within the week. Chicago Mayor Lori Lightfoot is likely on board to quickly approve a casino...
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 Sam Profeta | Feb 17, 2020 4:36 pm | Regulatory
Lawmakers voted to legalize sports betting in Illinois in June of 2019. A bill was recently filed to undo the legalization of sports betting in Illinois. Before the proposal of HB 5561, sports betting was thought highly of when Gov. J.B. Pritzker signed off on it....
