Tag: illinois
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Illinois Codifies ‘Gambling Disorder’ As Players Lose $7.7B A Year
People in Illinois lost at least $7.7 billion on gambling in 2025, and the state has now officially recognized gambling addiction as a public health issue. On July 24, Gov. JB Pritzker signed Senate Bill 2749, incorporating “gambling disorder” throughout the state’s Substance Use Disorder Act. The change expands and clarifies how Illinois can respond…
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Sports Gambling’s S&P 500-Like Product Is Coming
A new and potentially financially harmful sports gambling product would allow fans to trade their teams’ performance in a way that resembles buying and selling stock-index futures. CME Group and FutureSports, two Chicago companies, announced the product in a press release on July 29. They said the launch is pending federal regulatory review. The companies…
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Feds Sue Illinois To Protect Trump-Backed Sports Gambling
The Commodity Futures Trading Commission has sued Illinois in a major new escalation of the fight over prediction markets, a controversial form of online sports betting available nearly nationwide. The federal government claims that the state has no right to police federally regulated event-contract platforms as illegal gambling. Illinois sanctions traditional house-banked sports gambling. The…
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Chicago To Enact Nation’s First Citywide Sports Betting Tax
On Dec. 23, Chicago Mayor Brandon Johnson agreed not to veto a budget passed by the City Council that included an unprecedented new tax on sports betting companies. In the $16.6 billion budget, a first-of-its-kind municipal sports betting tax of 10.25% on the money online sports betting apps generate within city limits. It will go…
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Hidden Turbulence: Chicago Airport Slot Machines Gaining Momentum
Slot machines at O’Hare and Midway airports in Chicago are closer to reality.
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