J.B. Pritzker says Illinois budget, which includes new tax rate on every online sports wager, showcases state's "hard-earned fiscal responsibility." ...

In response to the new per-bet tax introduced by the legislature, the two largest online sportsbooks are charging users a per ...

DraftKings is joining FanDuel with a 50-cent fee on all mobile and online bets in Illinois to offset the state's latest tax.

DraftKings is adding a new 50 cent charge to all bets come September for citizens of Illinois, as the state increases taxes.

DraftKings announced Thursday evening that it will impose a 50-cent “transaction fee” on all online sports bets placed with ...

In response to the recent and prior sports wagering tax increases passed by the Illinois state legislature on all mobile and ...

I can tell you about some basic tax laws, but I can't even venture to guess ... the league has changed its bylaws over the years to help alleviate the impact of federal estate taxes.

Illinois sports bettors will soon face a $0.50 online bet fee imposed by FanDuel, reacting to new state tax laws aimed at ...

The new tax is applied to each wager that a sportsbook accepts — 25 cents per bet for the first 20 million wagers, 50 cents per wager after that.

In response to these taxes, DraftKings and Flutter’s shares plummeted by 6% and 3%, respectively, since this new tax is likely to have a major impact on both companies. This is mainly due to ...

Sports-betting stocks DraftKings and Flutter Entertainment were down Monday after the Illinois state legislature passed a tax on sports wagers that could cost sportsbook operators tens of millions of.

p> <p>DraftKings ... the impact to be low to mid-single digits on the companies' fiscal 2025 adjusted core earnings before any mitigation efforts. </p> <p>The analyst added that the tax also ...