Chicago Tribune

Bookies beware: Illinois gets ready to go all-in on sports betting

Sports gambling, a multibillion-dollar industry that mostly relies on the black market, may soon go legit in Illinois.

Backed by Gov. J.B. Pritzker and a host of gambling interests, Illinois is looking to join New Jersey, Pennsylvania and a growing number of states to legalize sports betting, turning the widely practiced but illicit activity into a bounteous source of tax revenue.

Don't lose your bookie's number just yet, however. To get it done, lawmakers and businesses face a series of hurdles.

Illinois legislators, for one, need to figure out where sports betting should take place, how much to tax bettors and whether to limit it to bricks-and-mortar locations or allow more lucrative online betting as well.

No less challenging will be determining who gets a

You're reading a preview, sign up to read more.

More from Chicago Tribune

Chicago Tribune4 min read
All I Want For Christmas Is Skydiving? Half Of Consumers Say They'd Rather Get A Gift Of An Experience Than More Stuff.
CHICAGO - Bridget Anderson likes to be creative when picking out holiday presents for friends and family. But finding the perfect gift for her mom was an annual struggle. "She's not super materialistic," said Anderson, 26, of Chicago. "She would ask
Chicago Tribune7 min read
'How Lucky Am I?': For Matt Nagy, A Fateful — And Chicago — Connection To Coach K Has Proved Energizing
CHICAGO - A day after the Bears defeated the Packers last December, clinching the NFC North championship in exhilarating fashion, a lifelong fan in North Carolina reached out to Halas Hall with a request to speak with Matt Nagy. Chicago native Mike K
Chicago Tribune4 min read
Paul Sullivan: Now The Pressure Is Really On The White Sox To Sign A Frontline Starter
SAN DIEGO - Before getting a record nine-year, $324 million deal from the Yankees for pitcher Gerrit Cole on Tuesday night, agent Scott Boras dished out one of his patented strained metaphors, saying "major league teams are like birds" during the off