Fanatics is the third mobile sportsbook operator to announce it will place a surcharge on wagers in Illinois if the per wager tax that was signed into law June 16 takes effect.
A Fanatics spokesperson confirmed a report by Sports Business Journal from Friday that it will levy a $0.25 surcharge to counteract the newest Illinois tax that goes into place July 1.
Lawmakers in the second-largest market in the United States surprisingly included the levy late in budget negotiations during the Memorial Day holiday weekend when the state’s $55.2 billion budget was passed. All mobile sportsbooks face a $0.25 surcharge per wager for their first 20 million wagers accepted, and $0.50 per wager for every bet taken thereafter.
