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Investopedia • Jun 02, 2025

Sports Betting Stocks Slip as Illinois Passes New Per-Bet Tax

The introduction of a new tax on individual wagers in Illinois has impacted market valuations, leading to a decline in shares related to sports gambling companies.

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CNBC Business • Jun 02, 2025

Sports betting stocks slide after Illinois lawmakers approve tax hike

Shares of companies involved in online sports wagering declined on Monday following the approval of increased taxation by Illinois legislators, impacting investor confidence in the...

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