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SOTS 2nd Hour: Fed Decision Day, “Too Late” Powell, & Israel-Iran Latest 6/18/25

Squawk on the Street

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Impacts of Illinois' Sports Betting Tax Increase

This chapter critiques Illinois' new tax structure on sports wagers, highlighting the potential consequences for both consumers and the industry. The speaker argues that high taxes on revenue could push bettors towards illegal markets and emphasizes the need for better education among policymakers to ensure a balanced and competitive sports betting environment.

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