Chicago Could Add Another Per-bet Tax on Illinois Sports Betting
Complaints about the high Illinois sports betting tax rates may be falling on deaf ears, as Chicago officials believe another hike could be a net positive for the city.
Illinois’ exorbitant tax rates have already caused sportsbooks to introduce one-off policies, such as per-wager taxes and betting minimums. Despite that, Chicago’s Financial Future Task Force said in a recent report that taxing sports wagers could help reduce a $1.1 billion FY2026 deficit.