Legislation 1 min read

Illinois Takes Same Tax Structure With Prediction Markets As Sportsbooks

By | Originally reported by CardPlayer
Illinois Takes Same Tax Structure With Prediction Markets As Sportsbooks

Illinois legislation would tax prediction market sports contracts at 1.75%, a move similar to the state's action against sportsbooks. The post Illinois Takes Same Tax Structure With Prediction Markets As Sportsbooks appeared first on Card Player .

This story was originally reported by

CardPlayer

Read full article at CardPlayer

RakebackHQ Take

When a new regulated market launches, the first-mover rooms typically offer aggressive welcome bonuses — but then settle into modest 5-15% effective rakeback under state licensing constraints. Offshore alternatives (CoinPoker, ACR, BetOnline) consistently return 15-70% with no geographic restrictions for US players in unregulated states. Compare structures in our room reviews.

Related Legislation News

Compare Rakeback Deals

Find the best rakeback rates across all poker rooms

View Best Deals →

Calculate Your Rakeback

See how much you earn per hand at every room

Open Calculator →
Found a bug? Let us know

Get Up to 80% Rakeback

Free calculator — see your earnings

Calculate Now