The Illinois Gaming Board (IGB) approved a license for bet365, allowing the company to collaborate with Walker's Bluff Casino Resort on a retail and online sportsbook. This move comes after Illinois implemented a new progressive sports betting tax rate in July, which has drawn criticism from major sports betting companies.
During its final 2024 meeting, the Illinois Gaming Board granted bet365 a license, enabling it to partner with Walker’s Bluff Casino Resort. Together, Walker’s Bluff and bet365 will operate a retail and online sportsbook, pending satisfaction of further regulatory requirements and approvals.. The new sports betting tax hike went into effect in July. Illinois went from a 15% fixed rate sports betting tax to a progressive tax rate that starts at 20% and goes up to a 40% max, depending on revenue.
Predictably, the larger sports betting companies were against the tax hike. The Sports Betting Alliance , an industry group that includes DraftKings, FanDuel, BetMGM and Fanatics,“Sportsbooks across the industry will have no choice but to reevaluate their level of investment and participation in the state should this become law,” SBA president Jeremy Kudon said.in Chicago by September 2026.
Amy Calistri got her high school letter in golf and hasn't golfed since. She has a collegiate letter in wrestling, but never wrestled. She was arguably the worst catcher in IBM's coed softball league. But she is a hardcore sports fan, having spent her formative years yelling from Boston Garden's second balcony and Fenway's cheap seats. Amy loves when she can combine her love of sports with her business acumen.
Sports Betting Illinois Gaming Board Bet365 Walker's Bluff Casino Resort Tax Hike
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