15% tax rate on sports gambling earnings in Illinois

PEORIA (WEEK) — Sports gambling became in March of 2020 in Illinois. Now, this upcoming tax season will be the first time people have to report earnings of $600 or more to be taxed at 15%. Financial advisor, Nicholas Royer, MRFC, said sports betting is a business for some people and the state saw it … Continue reading 15% tax rate on sports gambling earnings in Illinois