Online gambling platform bet365 imposes a 25-cent service charge on wagers less than $10 in Illinois.
In the rapidly evolving world of online sports betting, Bet365 has become the latest sportsbook in Illinois to introduce a new fee for its customers. This move comes after a series of similar decisions by other operators, including Caesars and Fanatics Sportsbook, who have implemented a 25-cent surcharge per wager. FanDuel and DraftKings, meanwhile, have already rolled out 50-cent charges per wager.
The new fee is designed to help operators offset Illinois' per-wager tax, a measure introduced in the revised sports betting legislation. The tax charges 25 cents on the first 20 million bets and doubles to 50 cents thereafter.
However, there is a silver lining for bettors. Bets worth $10 or more are exempt from the fee. Additionally, multiple straight bets on the same slip that fall below $10 are taxed individually, ensuring that smaller bets do not accumulate excessive charges.
It's worth noting that parlays and round robins in Illinois are treated as a single bet for the purpose of this tax. This means that even if a parlay or round robin consists of multiple individual bets, they will only be taxed once.
Interestingly, the search results do not provide information on which online sports betting agencies introduced a fee per bet in Illinois before Bet365. Some operators, such as BetMGM, Circa Sports, Hard Rock Bet, BetRivers, and ESPN BET, have opted to set new minimum bet thresholds instead of adding per-wager charges.
As always, it's essential for sports bettors to stay informed about these changes to ensure they understand the implications for their betting activities. With this new fee in place, bettors can make informed decisions and continue to enjoy their favourite sports betting experiences.
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