Sports Betting News Opinion States Like Tax Revenue From Sports Gambling, But Must Deal With Its Affects The Washington Post
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Sports betting lobby suing to block Chicago’s new online wagering tax set to go into effect Thursday
New tax on online bets in Chicago is projected to raise $26.2 million in 2026 and was included in the recently passed city budget. Read More
Sportsbooks file lawsuit seeking to block Chicago's new sports betting tax
The country's top sportsbooks have filed a lawsuit against the city of Chicago, challenging a new local sports betting tax set to go into effect in the new year. Read More
FanDuel, DraftKings, other big sportsbooks sue to block new Chicago sports betting tax
The city is counting on about $26 million in next year's budget from a new tax that betting companies argue would violate the state constitution. Read More
Sportsbooks sue to block Chicago's new 10.25% tax on online betting
Two days before a new tax on sports betting in Chicago takes effect as part of the revenue package rushed through City Hall this month, an industry group is asking a judge to toss it out. Read More
Chicago Looks To Add 10.25% Tax On Sports Betting
Chicago's mayor wants a 10.25% tax on sports betting in the 2026 budget to help shore up an expected $1.2 billion deficit. Read More
Online Sports Betting Hits Missouri, Tax Bills Are Not Far Behind
Forbes contributors publish independent expert analyses and insights. Nathan Goldman is a tax prof. at NC State Univ. According to Section 61 of the Internal Revenue Code, all income is subject to ... Read More
States Are Raking In Billions From Slot Machines on Your Phone
Online casinos have proved to be a much stronger source of tax revenue than sports betting apps. They may be coming to a state near you. By Ben Blatt Most casinos in Las Vegas take sports bets, but ... Read More
Sports betting is delivering major cash for states — see what states are cashing in
There are 40 states that have some form of legalized sports betting. Data shows that over the last four years, state sales tax revenue from sports betting has soared 382%. The tax revenue helps fund ... Read More
How Is Sports Betting Playing Out for States? It's Complicated.
People wait in line to place bets after prop bets were posted at the Westgate SuperBook for Super Bowl 59 between the Kansas City Chiefs and Philadelphia Eagles, slated for Feb. 9, on Thursday, Jan. Read More
New York Sports Betting Weekly Handle Streak Ends, Revenue Continues to Pile Up
Sports betting in the most lucrative U.S. market took a significant week-over-week dip during Week 11 of the NFL season. New York’s online sports betting handle falls for the second consecutive week. Read More
Online gambling is everywhere. So are the risks
Online betting is more accessible than ever, with 14% of U.S. adults saying they bet on professional or college sports online either frequently or occasionally, according to a February poll by The ... Read More
Sports betting endangers teens like me — and holiday football adds to the risk
Teens are much more prone to developing a gambling addiction than adults are, writes high school senior Eli Senor. AP My family, like millions of American households, is spending much of this ... Read More
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