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Illinois Sportsbooks Collect Nearly $100 Million In March Revenue

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Illinois Sportsbooks Collect Nearly 0 Million In March Revenue


The Illinois Gaming Board reported $99.4 million in adjusted gross sports betting revenue for March on Wednesday afternoon, as sportsbooks narrowly missed a nine-figure haul for the fifth time in state history.

Revenue was up only 2.3% compared to last March despite a 17.9% surge in traditional handle to $1.26 billion. The 7.9% hold this year was 1.2 percentage points lower, leaving operator winnings $580,000 shy of $100 million.

March’s handle was the fourth-highest in 47 months of wagering in the Land of Lincoln and came within $21.7 million of January’s total for third. The $3.62 billion in accepted bets for the first quarter of 2024 is up 20% from last year.

The state received $14.9 million in tax revenue, and the $47.7 million collected in the opening three months of 2024 is $8.5 million ahead of last year’s pace, as year-to-date revenue is up 21.6% from 2023.

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Operator taxes are a point of discussion in Illinois after Gov. JB Pritzker called to more than double the rate to 35% in February for the upcoming fiscal year that starts July 1.

Had that rate been in effect for the first three months of 2024, the state would have received $111.4 million — an increase of $63.6 million. Pritzker’s Fiscal Year 2025 budget estimates an additional $200 million in tax revenue with the 35% rate in place.

Cook County received close to $1.1 million in tax revenue from a 2% levy placed on the $54.7 million in adjusted gross revenue generated within its borders, which includes Chicago.

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The city itself collected $910 in taxes from its 2% levy placed on the $45,500 in revenue generated at the DraftKings at Wrigley Field, which began taking wagers in March.

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Plenty of March Madness action

The Illinois Gaming Board does not break out handle between NBA and college basketball, but total wagering on the sport totaled $633.7 million for March — an all-time monthly high and an increase of 23.4% from last year.

It did note that total wagering on college sports for the month, which would be overwhelmingly on basketball given the time of year, totaled $394.8 million. In-person college wagering totaled $16.2 million.

Operators claimed $26 million in revenue from all basketball bets placed, good for a 4.1% hold. That was the largest single source of revenue from a specific sport, while winnings from parlays and same-game parlays accounted for more than half the overall amount at $56.8 million. Illinois bettors wagered $349.7 million on multi-leg bets, resulting in a 16.2% win rate for the house.

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Tennis was a distant second when it came to operator revenue at $5.1 million, as the house had a 6.6% hold on $76.6 million in handle. Soccer was the only other sport to produce more than $3 million in revenue, clearing that mark by $88,000 as handle totaled $43.7 million.

FanDuel tops in revenue; DraftKings leads in handle

Betting via the state’s eight sports betting apps accounted for 97% of the total handle at $1.23 billion.

FanDuel took top honors for revenue with $41.4 million, fashioning a 9.5% hold from $433.8 million in completed events handle. The $435.3 million in traditional handle was within $1.3 million of its all-time high set last December.

DraftKings also narrowly missed its top mark for wagers at $461.5 million, $2.4 million shy of its best total. It collected $32.8 million in winnings — the fourth consecutive month over $30 million — while attaining a 7.1% win rate.

BetRivers joined FanDuel as the only mobile book to top an 8% hold, landing at 8.1% in collecting $6.5 million in revenue from $79.8 million worth of bets placed.

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The fourth through seventh spots for handle were separated by $9.7 million, with ESPN BET the best of the bunch at $62.7 million, followed by Caesars ($61.9 million), BetMGM ($60.4 million), and Fanatics Sportsbook ($52.3 million).

ESPN BET also took the No. 4 spot for revenue with $4.7 million, while Caesars rounded out the top five with just over $4 million. Fanatics pipped BetMGM for sixth by $419,000. Circa Sports set a record for revenue with $324,200 while posting an eight-digit handle for just the second time since launch with $11 million worth of wagers.

DraftKings at Wrigley draws college hoops fans

Bettors who had been waiting nearly a year to place bets at the DraftKings location adjacent to iconic Wrigley Field put a notable chunk of their action on basketball wagers, with almost $494,100 — nearly 70% of the total completed events handle — bet on pro and college basketball. That percentage eclipsed 90% when including the $151,400 in parlays.

Perhaps more impressively was that bettors came out nearly $14,000 ahead on their parlay bets in contrast to the 8.1% hold on basketball that netted DraftKings $40,100 in revenue.

DraftKings’ other retail sportsbook on the other side of the state — at Casino Queen near the Missouri border — enjoyed a solid March with $563,900 in winnings while crafting a 7.2% hold.

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Rivers Casino paced all brick-and-mortar venues with $875,200 in revenue thanks to a 7.4% win rate from $11.8 million worth of bets. Argosy Casino in Alton grossed $592,700 in revenue while notching a 15.7% hold, with $397,300 eligible to be taxed.





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Illinois

Chicago property taxes jump — but unevenly

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Chicago property taxes jump — but unevenly



Some communities saw their bills rise 75% or more.

The median property tax bill for Chicago homeowners rose by a record last year, and some parts of the city saw much steeper increases than others.

The citywide median rise was 16.7%, according to a report from the Cook County Treasurer’s office on bills for tax year 2024.

Many poor communities in Chicago saw the largest increases. In 15 areas on the South and West sides, property taxes shot up 30% because of rising home values. In West Garfield Park, North Lawndale, Englewood, West Pullman and West Englewood, property tax bills rose 75% or more.

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Chicago homeowners have suffered in recent years. While property taxes did increase in some Cook County suburbs in 2024, city homeowners felt the bulk of the pain. That’s because assessed values on downtown commercial buildings fell 7.2%, reducing taxes on those properties.

Lower commercial assessments don’t reduce what the city expects to collect in property taxes — it just means homeowners pay a larger share.

Other reasons for Chicago homeowners’ high bills this year included a 6.3% increase in the levy, or what taxing bodies request. That rise was driven by a larger request from Chicago Public Schools and a higher amount earmarked for Tax Increment Financing districts. TIF districts collected 10.4% more year over year in 2024, totaling over $1.3 billion.

For 2024 the total Cook County levy was $19.2 billion, up about 4.8% from the previous year. The Chicago-area inflation rate was closer to 3.5%.

Cook County property taxes have outpaced inflation for a long time. Since 1995, they’ve gone up 181%, from $6.8 billion in 1995 to $19.2 billion in 2024, according to the county treasurer. Adjusted for inflation, that’s a 48% increase. If property taxes had risen on pace with inflation, the 2024 levy would have been $13 billion rather than $19.2 billion.

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This rising burden can’t continue. Since 2019, more than 1,000 Cook County homeowners — including 125 senior citizens — have lost their homes and all their equity over a property tax debt smaller than the price of a 10-year-old Chevy Impala.

The U.S. Supreme Court has found the practice of taking more than the tax owed to be unconstitutional, but the Illinois General Assembly has yet to change the law to stop it. Cook County Treasurer Maria Pappas delayed the property tax lien sale scheduled for last August, but it’s now set for March.

Of the Illinois residents who moved out in 2024, 95% went to lower-tax states. Lawmakers must reduce the property tax burden. They should cap how long TIFs can last and limit how many times they can be extended. Returning that money to general use would bring much-needed transparency and real property tax relief for Illinois residents.

Also, legislators are allowed to work as property tax appeal lawyers, enabling them to profit from ever-growing tax hikes. Imprisoned former Illinois House Speaker Mike Madigan did that, as did former Chicago Ald. Ed Burke. This practice should not be prohibited.

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The best way to reduce the property tax burden is to reform its largest driver: public-sector pensions. In Chicago, 80% of property taxes go toward its growing pension debt. Rather than seeking to control spending, Gov. J.B. Pritzker recently signed a “pension sweetener” for Chicago police and firefighters that will increase liabilities by $11.1 billion.

Reforming the state constitution would allow for moderate pension changes, increasing the fiscal health of those systems and reducing the property tax burden on Chicago homeowners.

Until changes are made, Cook County homeowners will continue to see their property tax bills climb.





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How a clump of moss helped convict grave robbers in Illinois

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How a clump of moss helped convict grave robbers in Illinois


It was a particularly heinous crime. Four workers at a cemetery near Chicago dug up more than 100 bodies and dumped the remains elsewhere in the grounds, in order to resell the burial plots for profit.

Now, nearly two decades after the scandal broke at Burr Oak cemetery in Alsip, Illinois, scientists have released details of how a tiny clump of moss became crucial forensic evidence that helped convict the grave robbers.

Dr Matt von Konrat, head of botanical collections at the Field Museum in Chicago, was drawn into the case in 2009 when he received a phone call from the FBI. “They asked if I knew about moss and brought the evidence to the museum,” he said.

An investigation by local police had found human remains buried under inches of earth at the cemetery, a site of enormous historical importance. Several prominent African Americans are buried at the cemetery, including Emmett Till, whose murder in 1955 became a catalyst for the civil rights movement, and the blues singer Dinah Washington.

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Alongside the re-buried remains, forensic specialists spotted various plants, including a piece of moss about the size of a fingertip. Hoping that it would help them crack the case, the FBI asked von Konrat to work out where the moss came from and how long it had been there.

After examining the moss under a microscope and comparing it with dried specimens in the museum’s collection, the scientists identified it as common pocket moss, or Fissidens taxifolius. A survey at the cemetery found that the species did not grow where the corpses were discovered, but was abundant in a lightly shaded area beneath some trees where police suspected the bodies had been dug up. The moss had evidently been moved with the bodies.

But when was the crime committed? The answer lay in a quirk of moss biology. “This is the cool thing about moss,” von Konrat said. “When we’re dead, we’re dead, but with mosses, it’s bizarre. Even when we might think they’re dead, they can still have an active metabolism.” The metabolism drops slowly over time as cells gradually die off.

Emmett Till is among those whose remains are buried in the cemetery. Photograph: Charles Rex Arbogast/AP

One way to measure moss metabolism is to bathe it in light and see how much is absorbed by the chlorophyll used to make food through photosynthesis, and how much light is re-emitted. The scientists ran tests on the moss found with the bodies, on a fresh clump from the cemetery, and other specimens from the museum’s collection.

“We concluded that the moss had been buried for less than 12 months and that was important because the accused’s whole line of defence was that the crime took place before their employment. They were arguing that it happened years and years earlier,” said von Konrat. Details are published in Forensic Sciences Research.

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Doug Seccombe, a former FBI agent who worked on the case and a co-author of the study, said the plant material from the cemetery was “key” to securing the convictions when the case went to trial.

Von Konrat, who is a fan of the BBC forensic science drama Silent Witness, never expected to be working on a criminal case, but now wants to highlight how important mosses might be for forensic investigations. “I had no idea we’d be using our science, our collections, in this manner,” he said. “It underscores how important natural history collections are. We never know how we might apply them in the future.”



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Andretti family’s popular go karting and gaming facility opening first Illinois location. See inside

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Andretti family’s popular go karting and gaming facility opening first Illinois location. See inside


A popular indoor go karting and gaming company is opening up its first Illinois location in a Chicago suburb this week.

Andretti Indoor Karting & Games announced it will open its doors on a brand new Schaumburg location at 4 p.m. on March 10, with a grand opening event slated for March 14.

The facility will feature numerous attractions, including “high-speed electric Superkarts on a multi-level track” and an arcade with professional racing simulators and two-story laser tag arena, in a 98,000-square-foot facility. There’s also bowling, a movie theater and more, the company said.

The Schaumburg location, at 1441 Thoreau Dr., will mark Andretti’s 13th facility in the U.S.

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“We’re thrilled to open our thirteenth location in the thriving village of Schaumburg,” said Eddie Hamman, managing member. “Andretti is the perfect addition to all the amazing experiences across Chicagoland, and we look forward to meeting the communities that make this market a top destination.”

The company said it plans to host a “sneak preview” event beginning at 11 a.m. on March 10, where several guests will “be treated to free racing, attractions, and arcade play with food and beverage options available for purchase.” The Andretti family will also be on-hand for autograph sessions that afternoon.

A limited number of spots will be made available to RSVP to the preview.

Then on March 14, the first 100 guests to visit the facility to be given one hour of free arcade play and entered to win a raffle for a free birthday party. Ten guests could also win free arcade play for a year.

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