Ever-increasing Illinois tax levies aren’t fair to licensed operators, Circa’s Derek Stevens says

Ever-increasing Illinois tax levies aren’t fair to licensed operators, Circa’s Derek Stevens says – Chicago Sun-Times

"In 2020, Illinois implemented legal sports wagering at a flat 15 percent operators’ tax rate. Last summer, Illinois Gov. JB Pritzker boosted that to 20 percent, with increments up to 40 percent. Legislators clawed in for more flesh last weekend with a per-bet tax of 25 to 50 cents. Why would Circa Sports, Caesars, DraftKings and others do business in a place with such shifting and unfriendly conditions?"

Ever-increasing Illinois tax levies aren’t fair to licensed operators, Circa’s Derek Stevens says

LAS VEGAS — I connected with Derek Stevens a few days after Memorial Day at LondonHouse on North Michigan Avenue. “Lookin’ out over this beautiful Chicago skyline right now,” he said.The Circa owner had just tossed a ceremonial first pitch — a strike — at an Athletics game in West Sacramento, California, and he was visiting Chicago to conduct marketing business with the Cubs and Marquee Sports Network at Wrigley Field.I aimed to discuss with Ste…