Illinois sports wagers decline after implementation of new tax
“Overtaxing legal betting will send bettors either outside state lines, city lines, or to the predatory illegal market and have profound negative implications for the legal market and also future tax revenues here.”
Making legal sports betting more expensive carries big risks for consumer protections
The choice is clear: Illinois can preserve a stable, regulated marketplace by maintaining a tax structure that keeps operators and players in the legal market. Pushing players to bet more and shifting them to the black market are not desirable outcomes for anyone.
High taxes are rigging online sports betting against consumers
High taxes push consumers toward offshore and illegal markets. If bettors feel squeezed by bad odds, fees and disappearing perks they may return to the unregulated platforms that are not burdened by punitive regulations.
New Jersey Increased Gambling Tax Proposal Leads to Friction
The industry warns higher taxes may reduce odds and promos, driving users to offshore sites. Lawmakers remain divided, with South Jersey representatives hesitant to support new gambling tax increases.
Lesniak: Don’t raise tax on online gambling
Former NJ State Senator Ray Lesniak writes, “Recently legislative proposals have been made to increase taxes on online gaming. Big mistake.”