Flutter Entertainment has announced it will levy a US$0.50 surcharge, or “transaction fee,” on all bets placed online in the state of Illinois, pursuant to state’s institution of a progressive handle tax.
Although the tax goes into effect 1 July, it will be 1 September before FanDuel bettors feel the effects of the per-transaction impost.
“This decision reflects the significant increase in the cost of operating in Illinois driven by the new Illinois Transaction Fee,” Flutter said in a news release. The company then promised to promptly rescind the betting levy if the Illinois Legislature were to repeal the handle tax.
Flutter’s release went on to note that it had taken no response to a 2024 hike on Illinois’ taxation of gaming revenues. “Following the 2024 increase, extensive efforts were made by FanDuel to absorb the cost fully without impacting customers,” Flutter said.
