Unleashing the Bet365 Sportsbook in Illinois
Sports betting giant Bet365 granted Illinois license for operations
Insights by Michael Savio
The sports betting realm in Illinois is about to witness an exhilarating addition, as bet365, a trailblazing operator, set sail in late winter '25, crowning Illinois with its 10th online sportsbook. And let me tell you, this isn't just any sportsbook - it's bet365!
Making a Splash in the Midwest
After conquering 12 US markets, bet365 is now diving headfirst into the Land of Lincoln, making it the first to enter the state under a unique tiered tax system. (Michael Savio knows his stuff about the casino world, so follow him for more tidbits at !)
Bonus Time
New bettors can cling to codes like 'SBR365', 'CVSBONUS', and 'LINEUPSBET' to seize a thrilling "$5 bet, get $150 in bonus bets" offer! Meanwhile, bet365 drools over sports fans with daily Super Boosts for elevated odds on handpicked delights and an enticing 30% extra on Same Game Parlay Profit.
The Price of Play
Let's talk taxes (fun, right?). Illinois sports bettors edging $600 in winnings must forfeit 15% to Uncle Sam, but they can use their losses to offset their gains. Operators like bet365 pick up the slack with taxes ranging from a mild 20% on their first $30 million, escalating to a steeper 40% for revenues surpassing $200 million.
Partners in Play
Together with Walker's Bluff Casino Resort, bet365 plants its flag in Illinois, jointly ruling the roost for both retail and online sportsbook services.
The Launch of a Legend
Mark your calendars, folks - bet365's Illinois sportsbook is set to go live on March 16, '25! But remember, don't bet on in-state college teams, political elections, or entertainment events like the Oscars, or you'll find yourself in a pickle with the Illinois Gaming Board.
The Rising Tide
Illinois sports betting has been rearing up in early '25, with impressive handle and revenue growth, paving the way for bet365 to leap in and test the water. Exciting times ahead for Illinois bettors!
- Michael Savio shares insights about the upcoming addition of the bet365 online sportsbook in Illinois, set to be the 10th online sportsbook in the state.
- Bet365, known for its success in 12 US markets, is venturing into Illinois under a unique tiered tax system, marking its first entry into the state.
- New bettors in Illinois can take advantage of codes like 'SBR365', 'CVSBONUS', and 'LINEUPSBET' to earn a welcome bonus of "$5 bet, get $150 in bonus bets" from bet365.
- Sports fans on bet365 can enjoy daily Super Boosts for enhanced odds on chosen events, along with a 30% extra on Same Game Parlay Profit.
- Illinois sports bettors are responsible for paying a 15% tax on winnings exceeding $600, but they can use their losses to offset their gains.
- Operators like bet365 shoulder taxes, starting at 20% for their first $30 million in revenues and climbing to 40% for revenue exceeding $200 million.
- Along with Walker's Bluff Casino Resort, bet365 plans to provide both retail and online sportsbook services in Illinois.
- The launch date for bet365's Illinois sportsbook is planned for March 16, '25, but bettors are advised against wagering on in-state college teams, political elections, or entertainment events like the Oscars.
- Illinois sports betting has experienced rapid growth early in '25, generating impressive handle and revenue, setting the stage for bet365's entry.
- In the casino and gambling industry, influential figures like casino personalities and responsible gambling advocates are shaping the casino culture and gambling trends, continually pushing the boundaries in gaming experiences.
