..

Chicago Sports Betting to Tack on Another 2 Percent

Written by:
Aaron Goldstein
Published on:
Dec/07/2021

Illinois has a 15% tax rate on sports betting, Cook County imposes a 2% rate and now the city of Chicago wants to tack on another 2%.

aceperheadsep21.gif

The Lori Lightfoot administration’s revised sports betting ordinance headed for approval before the Council’s License and Zoning Committees includes a 2% city tax on gross revenues from sports betting in Chicago. Two groups are currently vying to operate a casino in the nation's third largest city.

“We’re in good shape to move this forward. And I look forward to making sure that we get our fair share of the revenues from this,” the mayor said Monday.

Noting that two percent matches the county tax, she said, “It’s only fair that the city of Chicago also obtain revenues as a result of this new venture by the sports teams.”

- Aaron Goldstein, Gambling911.com

Gambling News

Where Can I Bet The 2022 NFL Playoffs Online From Ohio?

Where Can I Bet The 2022 NFL Playoffs Online From Ohio?

Betting on this year's NFL Playoffs is possible from the great state of Ohio using BetUS.

Betting Softwares for Bookies

Betting Software to Help Bookies.... Players Too

Bookies use the latest technology to process bets fast and provide gamblers with a thrilling betting experience. In addition, they often upgrade their software to keep up with the increasing demand for interesting games and extra betting markets. The software has different functionalities and system requirements. Listed here are the six best sports betting software. 

How Much Money Do I Need To Start My Own Sportsbook?

How Much Money Do I Need To Start My Own Sportsbook?

Utilizing a Pay Per Head software platform, most industry experts agree you will need in the neighborhood of $10,000 in reserve for a relatively small operation of up to 10 players. 

Is Being a Bookie Still Considered Illegal?

Is Being a Bookie Still Considered Illegal? World's 2nd Oldest Profession Now as Pristine as Being a Priest

A 2018 Supreme Court decision struck down a 1992 federal law effectively banning commercial sports betting in most states, and opened the door to legalizing wagering on professional and amateur sports.  But even before this time independent bookies operating in the States, and around the world for that matter, began discovering ways of limiting their exposures within a grey market industry, the second oldest in the world after prostitution.

Current Division Playoffs Betting Action and Top 3 Props - 2021

Current Division Playoffs Betting Action and Top 3 Props - 2021

Here are the early betting splits and top props for the Divisional Round of the NFL Playoffs, aka...the best weekend in football!

Syndicate