A coalition of major commercial operators is making its case for why there should not be a tax hike on Illinois sports betting.
Gov. JB Pritzker has suggested raising the Illinois sports betting tax rate to 35% from 15%.
The Sports Betting Alliance, which represents BetMGM, DraftKings, Fanatics and FanDuel, has been encouraging consumers to reach out to state lawmakers to help stop the potential hike.
A spokesperson for the SBA told LSR this week that a combined 25,000 emails have already been sent to the Illinois legislature and Gov. Pritzker.
The SBA’s website lists three main bullet points for why this issue matters:
- More taxes mean worse odds for players
- Customers will have access to fewer promotions and bonuses
- A tax hike will increase illegal offshore sports betting (they pay 0% taxes)
