Illinois Sports Betting Tax Hike Triggers Market Drop and Industry Outcry
The online sports betting industry took a significant hit this week after Illinois lawmakers unexpectedly approved a budget that includes a steep new tax on individual wagers, sending shockwaves through Wall Street and rattling investor confidence. Stocks of major gaming firms tumbled Monday as market leaders scrambled to assess the implications of a late-night legislative […]
The online sports betting industry took a significant hit this week after Illinois lawmakers unexpectedly approved a budget that includes a steep new tax on individual wagers, sending shockwaves through Wall Street and rattling investor confidence. Stocks of major gaming firms tumbled Monday as market leaders scrambled to assess the implications of a late-night legislative […]
