Bettors looking to make a wager on FanDuel in Illinois will soon have to pay a 50-cent transaction fee on every online bet they place.

Baron Funds, an investment management company, released its “Baron Asset Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. After a strong start to 2025, U.S.

The offers are not identical, as FanDuel offers $200 in bonus bets while BetMGM offers $150. Prior to the DraftKings change, nearly every other aspect of the promotions was the same, including the lack of a minimum odds requirement for qualifying wagers.

Sportsbook company DraftKings said it was implementing a transaction fee in Illinois, in response to recent and prior sports wagering tax increases implemented by the state legislature. The company said the 50 cent transaction fee on all mobile and online bets placed in Illinois through DraftKings Sportsbook will take effect Sept. 1.

The approval process requires operators to be investigated by state officials and meet the requirements and rules to obtain a license.

In response to the recent and prior sports wagering tax increases passed by the Illinois state legislature on all mobile and online sports wagers placed with

DraftKings' responsible gaming chief thinks the industry has become a "target." She wants to change the conversation.

Analysts are reacting to the notable development in Illinois of Flutter Entertainment ( NYSE: FLUT) adding a transaction fee to offset a new state tax increase due to go into effect on July 1.