{"id":1759,"date":"2024-05-24T21:54:30","date_gmt":"2024-05-24T21:54:30","guid":{"rendered":"http:\/\/restaurace-pohoda.eu\/?p=1759"},"modified":"2024-06-06T13:34:39","modified_gmt":"2024-06-06T13:34:39","slug":"campaign-for-fairer-gambling-says-sportsbook-firms-using-dubious-claims-in-illinois","status":"publish","type":"post","link":"http:\/\/restaurace-pohoda.eu\/index.php\/2024\/05\/24\/campaign-for-fairer-gambling-says-sportsbook-firms-using-dubious-claims-in-illinois\/","title":{"rendered":"Campaign for Fairer Gambling Says Sportsbook Firms Using \u2018Dubious Claims\u2019 in Illinois"},"content":{"rendered":"

Illinois Gov. J.B. Pritzker (D) is pushing to boost the state\u2019s sports betting tax to 35% from 15% to raise needed cash and that\u2019s not to the liking of the gaming industry, which one group says is employing \u201cdubious claims\u201d in a bid to defeat the governor\u2019s plan.<\/p>\n

\"Illinois
Illinois Gov. JB Pritzker signs a bill in August 2023. The Campaign for Fairer Gambling (CFG) says \u201cdubious\u201d tactics are being used in the fight against Prizker\u2019s attempt to raise sports betting taxes. (Image: AP<\/em>)<\/figcaption><\/figure>\n

The Campaign for Fairer Gambling (CFG), an independent wagering reform group, asserts that in its effort to ward off Pritzker\u2019s proposal of higher taxes<\/a> on sports wagering, the Sports Betting Alliance (SBA) is using tired practices and \u201chas not substantiated its claims.\u201d<\/p>\n

\n

It\u2019s no feat of strength to push a fantastical narrative, then collect signatures and proclaim a mandate,\u201d said CFG founder and funder Derek Webb in a statement. \u201cGlobal gambling conglomerates are expert at positioning sports betting as a foot in the door before the real floodgates inevitably open. Sports betting often serves as a gateway to slots and table games down the line, because they bring in even more revenue \u2014 not to mention harm.\u201d<\/p>\n<\/blockquote>\n

CFG believes that signatures collected in a petition drive orchestrated by SBA may have been acquired under false pretenses. Among gaming companies, the Sports Betting Alliance is supported by BetMGM, DraftKings, FanDuel, and Penn Entertainment, among others.<\/p>\n

CFG Refutes SBA\u2019s New York, Pennsylvania Comps<\/h2>\n

Should Illinois implement a 35% levy on sports wagering, it\u2019d be the third-highest rate in the country among large states trailing only Pennsylvania (36%) and New York (51%). Last year in Illinois, bettors wagered $11.6 billion at the state\u2019s online and retail sportsbooks with operators generating a hold of 8.6%, sending receipts of $150 million to the state.<\/p>\n

\n

That 8.6% hold is slightly above the national average of 8.4% highlighted by CFG, but the group believes SBA\u2019s claims that odds offered to bettors and thus hold would be adversely affected by higher Illinois taxes. CFG says that scenario hasn\u2019t played out in New York<\/a>.<\/p>\n<\/div>\n

\u201cNew York\u2019s higher tax rate has not affected hold, which would shift if odds shifted. This is a direct refutation of SBA\u2019s claim that higher taxes would lead to worse odds for players,\u201d observed CFG.<\/strong><\/p>\n

Delaware, New Hampshire, and Rhode Island also tax sports wagering at 51%.<\/p>\n

iGaming Pitched as Alternative to Sports Betting Tax Hike<\/h2>\n

Though not directly mentioned by CSG, SBA members have offered up iGaming as a compromise to Pritzker\u2019s proposed sports wagering tax increase. The gaming companies believe that online casinos would unleash a new revenue stream for Illinois.<\/p>\n

A recent study by SBA noted that land-based casino revenue in Illinois, Louisiana, Maryland, New York<\/a>, and Virginia would modestly increase if iGaming was permitted in those jurisdictions. That was likely an effort to allay fears that online casinos could cannibalize brick-and-mortar counterparts.<\/p>\n

While SBA claimed iGaming would create $750 million in new revenue for Illinois, or more than triple the amount that would be raised from increasing the sports wagering tax, the state isn\u2019t rushing to advance online casino legislation.<\/p>\n

Still, Illinois needs cash. For the fiscal starting July 1, the state is expected to have a budget deficit of $891 million, or $721 million when accounting for a $170 contribution to the \u201crainy day\u201d fund. That would mark the state\u2019s first deficit in four years. Pritzker\u2019s most recently proposed budget calls for $52.7 billion in spending, up from $40 billion in 2019.<\/strong><\/p>\n

The post Campaign for Fairer Gambling Says Sportsbook Firms Using \u2018Dubious Claims\u2019 in Illinois<\/a> appeared first on Casino.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Illinois Gov. J.B. Pritzker (D) is pushing to boost the state\u2019s sports betting tax to 35% from 15% to raise needed cash and that\u2019s not to the liking of the gaming industry, which one group says is employing \u201cdubious claims\u201d in a bid to defeat the governor\u2019s plan. Illinois Gov. JB Pritzker signs a bill…<\/p>\n","protected":false},"author":1,"featured_media":1761,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[],"_links":{"self":[{"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/posts\/1759"}],"collection":[{"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/comments?post=1759"}],"version-history":[{"count":2,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/posts\/1759\/revisions"}],"predecessor-version":[{"id":1762,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/posts\/1759\/revisions\/1762"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/media\/1761"}],"wp:attachment":[{"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/media?parent=1759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/categories?post=1759"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/tags?post=1759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}