Chicago Moves Ahead With Sports Betting Tax in 2026 Budget
Chicago is preparing to impose a new municipal tax on sports betting revenue after the city’s 2026 budget cleared the approval process without direct action from the mayor. The $16.6 billion spending plan, passed by the Chicago City Council, includes a 10.25% levy on sportsbook revenue generated within city limits, scheduled to take effect on January 1. Mayor Brandon Johnson confirmed he would neither sign nor veto the budget, allowing it to become law by default under city rules. The […]
Chicago is preparing to impose a new municipal tax on sports betting revenue after the city’s 2026 budget cleared the approval process without direct action from the mayor. The $16.6 billion spending plan, passed by the Chicago City Council, includes a 10.25% levy on sportsbook revenue generated within city limits, scheduled to take effect on January 1. Mayor Brandon Johnson confirmed he would neither sign nor veto the budget, allowing it to become law by default under city rules. The […]
