• /
  • Responsible Gambling
This site contains commercial content
  • US Sports Betting
    • Arizona Sports Betting
    • Colorado Sports Betting
    • Florida Sports Betting
    • Illinois Sports Betting
    • Indiana Sports Betting
    • Kentucky Sports Betting
    • Louisiana Sports Betting
    • Maryland Sports Betting
    • Massachusetts Sports Betting
    • Michigan Sports Betting
    • Missouri Sports Betting
    • New Jersey Sports Betting
    • New York Sports Betting
    • North Carolina Sports Betting
    • Ohio Sports Betting
    • Pennsylvania Sports Betting
    • Tennessee Sports Betting
    • Vermont Sports Betting
    • Virginia Sports Betting
  • Betting Apps
    • Best Sports Betting Sites
    • bet365 Bonus Code
    • Caesars Promo Code
    • BetMGM Bonus Code
    • Fanatics Sportsbook Promo Code
    • Borgata Promo Code
    • BetRivers Promo Code
    • ESPN BET Promo Code
    • DraftKings Bonus Code
    • Fliff Promo Code
    • Rebet Bonus Code
    • TwinSpires Offer Code
    • FanDuel Sportsbook Promo Code
  • DFS Sites
    • PrizePicks Referral Code
    • Betr Promo Code
    • Boom Fantasy Promo Code
    • Dabble Fantasy Promo Code
    • OwnersBox Referral Code
    • Sleeper Promo Code
    • SuperDraft Promo Code
    • Underdog Fantasy Promo Code
    • Thrillzz Sportsbook Promo Code
  • Tools
    • Sportsbook Bonuses Explained
    • What Is a Teaser Bet?
    • What Is a Parlay Bet?
    • What is a Same Game Parlay?
    • What Is a Moneyline Bet?
    • What is Expected Value?
    • Win/Loss Statement
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News
No Result
View All Result
  • US Sports Betting
    • Arizona Sports Betting
    • Colorado Sports Betting
    • Florida Sports Betting
    • Illinois Sports Betting
    • Indiana Sports Betting
    • Kentucky Sports Betting
    • Louisiana Sports Betting
    • Maryland Sports Betting
    • Massachusetts Sports Betting
    • Michigan Sports Betting
    • Missouri Sports Betting
    • New Jersey Sports Betting
    • New York Sports Betting
    • North Carolina Sports Betting
    • Ohio Sports Betting
    • Pennsylvania Sports Betting
    • Tennessee Sports Betting
    • Vermont Sports Betting
    • Virginia Sports Betting
  • Betting Apps
    • Best Sports Betting Sites
    • bet365 Bonus Code
    • Caesars Promo Code
    • BetMGM Bonus Code
    • Fanatics Sportsbook Promo Code
    • Borgata Promo Code
    • BetRivers Promo Code
    • ESPN BET Promo Code
    • DraftKings Bonus Code
    • Fliff Promo Code
    • Rebet Bonus Code
    • TwinSpires Offer Code
    • FanDuel Sportsbook Promo Code
  • DFS Sites
    • PrizePicks Referral Code
    • Betr Promo Code
    • Boom Fantasy Promo Code
    • Dabble Fantasy Promo Code
    • OwnersBox Referral Code
    • Sleeper Promo Code
    • SuperDraft Promo Code
    • Underdog Fantasy Promo Code
    • Thrillzz Sportsbook Promo Code
  • Tools
    • Sportsbook Bonuses Explained
    • What Is a Teaser Bet?
    • What Is a Parlay Bet?
    • What is a Same Game Parlay?
    • What Is a Moneyline Bet?
    • What is Expected Value?
    • Win/Loss Statement
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News
No Result
View All Result
No Result
View All Result

Chicago City Council Approves Retail Sportsbooks At Sports Venues 2e3k2o

Wrigley Field, United Center, Soldier Field, Guaranteed Rate Field can apply; Wintrust waiting on Pritzker 19704a

Chris AltrudaChris Altruda
December 15, 2021
in Politics

Photo: Kent Weakley/Shutterstock 35512x

Share on FacebookShare on Twitter

The Chicago City Council ed Alderman Walter Burnett’s Illinois.

Burnett’s ordinance ed out of a original ordinance in July, and it was rerouted to committee by Alderman Anthony Beale — one of the seven who asked that his objection be put into the record.

The most notable substitute language added to the original ordinance is a “2% tax on the adjusted gross sports wagering receipts from sports wagers that are placed within the city at, or within a 5-block radius of, any of the following: a casino facility, race track facility, or sports facility where sports wagering is allowed.”

The state taxes adjusted gross sports wagering revenue at 15%, and Cook County has a 2% tax on revenue generated on all wagers made within the county. Chicago’s Business Affairs and Consumer Protection Department estimated the annual tax receipts from the city tax would be from $400,000 to $500,000 per year.

The ordinance allows Wrigley Field (Cubs), Guaranteed Rate Field (White Sox), Soldier Field (Bears), and the United Center (Bulls and Blackhawks) to apply for a sports facility master sports wagering license through the Illinois Gaming Board. Wintrust Arena, which does not meet the seating capacity in the Sports Wagering Act signed into law in June 2019 that made sports betting legal in the state, will become eligible if Gov. JB Pritzker signs HB 3136 into law, as expected.

A not-so-long road to get here 3s5n4j

As the sportsbook ordinance is brought to the floor, Mayor Lightfoot’s floor leader, Ald. Michelle Harris, had a word with the mayor. pic.twitter.com/ttRYmbhdg1

— Justin Laurence (@jus10chi) December 15, 2021

An informational session for the t committee took place last month in which Rush Street Gaming co-founder Neil Bluhm five downtown casino proposals that will be presented to the city and the public Thursday.

Rush Street owns a sizable minority stake in Rivers Casino in Des Plaines on the outskirts of the city. Rivers is Illinois’ top revenue generator for casino gaming and retail sports wagering. It also operates mobile sports wagering through official exclusive partners with the Bears.

The t committee met last week, with the substitute language regarding taxation being considered, and it recessed without a vote. Many aldermen were hesitant about conducting a vote without having access to studies detailing the potential economic impact retail sportsbooks could have regarding cannibalization of revenue from the downtown casino.

The committee reconvened Monday with that information and additional substitute language that the city will seek to hold applicants to the same diversity goals of the Sports Wagering Act. Bluhm repeated much of his previous testimony in opposition to the ordinance, but Bulls and White Sox owner Jerry Reinsdorf, Cubs owner Tom Ricketts, and Blackhawks owner Rocky Wirtz all testified in . Reinsdorf had the most pointed rebuttal to Bluhm, noting the Rush Street co-founder’s opposition came despite having “met with us on several occasions seeking to operate sportsbooks in our buildings.”

Ricketts again spoke during public comments Wednesday in of the ordinance. The Cubs owner said ing the ordinance will “provide hundreds of construction jobs in the short run, and we estimate 400 permanent full-time jobs when the construction is complete.” Ricketts reiterated that the team is ready to begin construction with the goal of opening the DraftKings at the intersection of Addison Street and Sheffield Avenue by Opening Day 2023, having gained a key zoning approval for the reported 22,000-square-foot sportsbook in August.

ShareTweetShare
Chris Altruda

Chris Altruda 30313g

Chris Altruda was a sportswriter with ESPN, The Associated Press, and STATS for more than two decades before coming to Better Collective in 2019. When not crunching sports betting revenue figures, he is usually listening to Iron Maiden or exploring Chicago neighborhoods. His Twitter handle is @AlTruda73 and can be reached via email at [email protected]

This site contains commercial content. We may be compensated for the links provided on this page. The content on this page is for informational purposes only.

Related Posts 4a5r72

Legislation

Ordinance For Sportsbooks At Chicago Venues es Out Of Committee 5x5z6a

December 13, 2021
Load More

SportsHandle 5w3960

  • Analysis
  • Casino
  • Features
  • Horse Racing
  • Industry
  • Legal
  • Legislation
  • Lottery
  • Opinion
  • Podcasts
  • Poker
  • Politics
  • Promotions
  • Regulation
  • Sports
  • Uncategorized

Better Collective 58t4o

This website is owned and operated by Better Collective USA. Trademarks and copyrights referenced on this website are and shall remain the exclusive property of their respective owners and/or licensors. Please be sure to visit the operator’s website(s) to review their & conditions. We advise you to read these carefully as they contain important information. Copyright © 2025 | Better Collective USA
21 Play Responsibly
National Council on Problem Gambling
Gambling Problem? Call 1-800-Gambler.

Search Sports Handle 4g1872

No Result
View All Result

Legal 31o1q

  • Cookie Policy
  • /
  • Responsible Gambling

No Result
View All Result
  • US Sports Betting
    • Arizona Sports Betting
    • Colorado Sports Betting
    • Florida Sports Betting
    • Illinois Sports Betting
    • Indiana Sports Betting
    • Kentucky Sports Betting
    • Louisiana Sports Betting
    • Maryland Sports Betting
    • Massachusetts Sports Betting
    • Michigan Sports Betting
    • Missouri Sports Betting
    • New Jersey Sports Betting
    • New York Sports Betting
    • North Carolina Sports Betting
    • Ohio Sports Betting
    • Pennsylvania Sports Betting
    • Tennessee Sports Betting
    • Vermont Sports Betting
    • Virginia Sports Betting
  • Betting Apps
    • Best Sports Betting Sites
    • bet365 Bonus Code
    • Caesars Promo Code
    • BetMGM Bonus Code
    • Fanatics Sportsbook Promo Code
    • Borgata Promo Code
    • BetRivers Promo Code
    • ESPN BET Promo Code
    • DraftKings Bonus Code
    • Fliff Promo Code
    • Rebet Bonus Code
    • TwinSpires Offer Code
    • FanDuel Sportsbook Promo Code
  • DFS Sites
    • PrizePicks Referral Code
    • Betr Promo Code
    • Boom Fantasy Promo Code
    • Dabble Fantasy Promo Code
    • OwnersBox Referral Code
    • Sleeper Promo Code
    • SuperDraft Promo Code
    • Underdog Fantasy Promo Code
    • Thrillzz Sportsbook Promo Code
  • Tools
    • Sportsbook Bonuses Explained
    • What Is a Teaser Bet?
    • What Is a Parlay Bet?
    • What is a Same Game Parlay?
    • What Is a Moneyline Bet?
    • What is Expected Value?
    • Win/Loss Statement
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News

loading

Please wait while you are redirected to the right page...

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Read more