Illinois passes new taxes on prediction markets and DFS operators
Illinois lawmakers passed new gaming levies targeting prediction markets and daily fantasy sports (DFS) operators on Wednesday, June 3, adding to a gaming tax burden already among the nation's highest. The state's sports betting market has operated under steep tax rates, and the new levies extend that framework to additional gaming sectors including prediction markets. The tax approval comes as Illinois remains locked in legal disputes over federally regulated prediction markets. No legislative details on effective dates, specific tax rates, or named sponsors were disclosed in available reporting.
The new levies land while Illinois is already fighting federally regulated prediction markets in court. Any operator now entering the state faces both unresolved legal risk and one of the nation's heaviest gaming tax burdens.