Illinois

South Dakota nears a mobile sports betting vote as Illinois revisits iGaming legalization, with new bills shaping expansion plans.

CFTC stays neutral on prediction markets under Michael Selig, while Sports Betting Alliance sues Chicago over new sportsbook taxes.

The Kansas City Chiefs will move to Kansas City, Kansas in 2031. Meanwhile, in Chicago, the Blackhawks become the first NHL franchise to partner with Kalshi.

DraftKings and FanDuel exit Nevada over prediction market conflicts, while Illinois’ new per-bet fees reduce wagers as sportsbooks shift costs to customers.

Kansas lawmakers may raise sports betting taxes amid Missouri’s market launch. Meanwhile, Chicago is considering a per-bet tax on sportsbooks to raise revenue.

Illinois Governor JB Pritzker signed a bill raising taxes on mobile and retail sportsbook revenues. Starting July 1, 2024, the tax rates range from 20% to 40% based on Adjusted Gross Revenues, aiming to generate $1.1 billion in new taxes annually.

Popular restaurant and arcade chain Dave & Buster’s recently announced they would be adding a betting feature to its mobile app in which friends can place a friendly wager on arcade competition. However, an Illinois legislator is sponsoring a bill to make sure that doesn’t happen.

Illinois legislators are considering two bills proposing the separate regulation of daily fantasy sports from sports betting. The Coalition for Fantasy Sports has expressed support for this legislation, emphasizing the distinct nature of daily fantasy sports and advocating for specialized oversight.