Illinois Governor’s Budget Proposes Gambling Tax Hike
Illinois Governor JB Pritzker proposes a budget that includes increased taxes on casino table games and electronic gambling devices to fund education.Summary
Illinois Governor JB Pritzker has proposed a $57 billion state budget for FY2027 that aims to increase tax revenue, including an estimated $120 million from a tax hike on table games and electronic gambling device operations. The proposal suggests raising tax rates on table games from the current 15% to 20% to a range of 15% to 50%, excluding Chicago’s casino which operates under a separate structure. This adjustment seeks to align table game taxation with that of slots and other gambling games. The increased revenue is intended to support the Education Assistance Fund. Additionally, the budget proposes merging the Illinois Gaming Board and the Illinois Racing Board into a new Department of Gaming Regulation and Enforcement, streamlining oversight of all gambling activities within the state, effective July 1st.
(Source：Gamblingnews)