Chicago Proposes 10.25% Sports Betting Tax for 2026 Budget
Chicago Mayor Brandon Johnson has proposed a 10.25% local tax on adjusted gross sports betting revenue as part of his 2026 city budget. The new measure aims to generate approximately $26 million annually and help close the city’s $1.15 billion budget gap—without raising property taxes. The proposal, included in Johnson’s $16.6 billion “Protecting Chicago Budget,” would take effect on […]
Chicago Mayor Brandon Johnson has proposed a 10.25% local tax on adjusted gross sports betting revenue as part of his 2026 city budget. The new measure aims to generate approximately $26 million annually and help close the city’s $1.15 billion budget gap—without raising property taxes. The proposal, included in Johnson’s $16.6 billion “Protecting Chicago Budget,” would take effect on […]
