Chicago would impose its own 2% on gross revenues from sports betting — bringing the total tax collected in the city to 19% — under a revised ordinance poised for City Council approval this week, a move that did nothing to appease casino magnate Neil Bluhm.
[Mayor Lori] Lightfoot has argued there is no hard evidence allowing sportsbooks in and around five city stadiums would “cannibalize” revenue from a Chicago casino.
That’s the scenario outlined by Bluhm, whose Rush Street Gaming company is part of two separate groups vying to build a Chicago casino. Bluhm’s Rivers Casino in Des Plaines already has a sportsbook that stands to lose business if sports betting is legalized in Chicago.