Tag: sports betting

FanDuel eyes 50-cent fee on every Illinois sports bet, thanks to new state tax

FanDuel announced plans Tuesday to slap a $0.50 transaction fee on every online wager placed in Illinois, an additional juice that the sports betting behemoth says it has to squeeze because state lawmakers are saddling sportsbooks with a new tax on every bet they take.

Sports betting in Illinois: growing, but not a fix-all

Revenues continue to grow as professional sports maintain schedules and betting options increase SPRINGFIELD — It was a slow start for one of Illinois’ newest revenue sources. But sports betting continues to gather momentum. “I’m very happy that we have additional money, that this is on the positive side of the equation,” said Illinois State