Thursday

13 November 2025 Vol 19

073-Chicago eyes steep 10.25% local tax on sports‑betting revenue

Chicago eyes steep 10.25% local tax on sports‑betting revenue
The City of Chicago is considering a proposal by Mayor Brandon Johnson to impose a 10.25% additional tax on online sports‑betting operators’ adjusted‑gross‑revenue (AGR), layered on top of existing Illinois state levies. Yogonet+1
If adopted as part of the city’s FY 2026 budget, the tax is projected to raise around US $26 million annually and is positioned as part of the administration’s “Protecting Chicago” funding plan. Yogonet
Operators in Illinois already face a tiered state tax structure ranging from 20–40% of AGR under recent reforms; the proposed city tax would be one of the highest local surcharges in the U.S., raising questions about competitive impact and possible incentives for bettors to migrate offshore or to other states. Yogonet

💥 TRI‑STATE HEAT
New York — Underage sports betting in schools raises alarms
An investigative piece reports that many teenagers in the New York City area are participating in sports betting despite the legal age being 21, often by using relatives’ sportsbooks accounts or unregulated offshore sites. iGaming Today

New Jersey — No verified updates in the last 48 hours.

Philadelphia/Pennsylvania — No verified updates in the last 48 hours.

🌍 GLOBAL GAMBLING BUZZ
YouTube crackdown and tax rules squeeze U.S. gambling content and earnings
Streaming giant YouTube has tightened enforcement of its policies on gambling‑related content, terminating several poker channels and citing violations linked to promotion of uncertified online gambling platforms. At the same time, new federal tax rules under the so‑called “One Big Beautiful Bill” threaten to curtail gambling loss deductions—potentially reducing payout appeal for bettors. Axios

🔮 HOROSCOPE HUSTLE (entertainment only)
Pick 3 & Pick 4 numbers — purely for fun.

  • Aries — P3: 3‑6‑9 | P4: 1‑4‑8‑2

  • Taurus — P3: 5‑0‑2 | P4: 7‑3‑1‑9

  • Gemini — P3: 8‑1‑4 | P4: 6‑5‑0‑3

  • Cancer — P3: 2‑7‑5 | P4: 9‑8‑6‑0

  • Leo — P3: 4‑9‑8 | P4: 3‑2‑7‑5

  • Virgo — P3: 1‑3‑0 | P4: 4‑6‑9‑8

  • Libra — P3: 7‑2‑1 | P4: 5‑0‑3‑4

  • Scorpio — P3: 6‑8‑3 | P4: 2‑9‑4‑7

  • Sagittarius — P3: 0‑5‑6 | P4: 8‑1‑2‑9

  • Capricorn — P3: 9‑4‑7 | P4: 1‑3‑6‑0

  • Aquarius — P3: 2‑1‑8 | P4: 0‑7‑5‑4

  • Pisces — P3: 5‑9‑0 | P4: 3‑4‑1‑6

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