Bet365 Imposes Per-Bet Fee for Illinois Online Sports Betting Users

By Robert Linnehan in Sports Betting News
Published:

- Bet365 announced Illinois sports betting users will have to pay a $0.25 fee per bet in the Prairie State
- The per bet fee will not be applied to bets over $10
- Bet365 was the last licensed Illinois sports betting operator to announce a per-bet fee or bet minimum
The last Illinois sports betting operator to not have a per-bet fee or betting minimum is no more.
Bet365, one of the 10 licensed sports betting operators in the Prairie State, announced a $0.25 per-bet fee for all Illinois online sports betting users. The per-bet fee will not apply to any wagers of $10 or more.
All 10 Illinois sports betting operators now have a per-bet fee or betting minimum to counteract the state’s own per-bet fee.
Fees Now An Illinois Sports Betting Fixture
Bet365 users received an email from the operator earlier this week notifying them of the new per-bet fee policy. The company directly referenced the state’s own per-bet fee as the main impetus for the decision to apply its own fee structure.
“In response to the revised Sports Wagering Act by the Illinois General Assembly, bet365 will be applying the mandatory $0.25 tax to bets below $10. Where you bet is $10 or more, you will not be charged – it will be covered by bet365. The tax fee will display on your bet slip and will be taken at the time the bet is placed. If your bet is voided or cancelled, the tax fee will be refunded,” the bet365 customer email noted.
Bets containing multiple lets, such as parlays, are considered a single bet for tax purposes. Multiple straight bets on the same slip are considered separate and will be subjected to the per-bet fee if below $10.
The per-bet bet365 fees are already in effect.
Operators Respond to State Fee Plan
DraftKings, FanDuel, and Caesars Sportsbook began charging Illinois customers a per-bet fee of either $0.25 or $0.50 on Monday, Sept. 1. FanDuel currently charges users $0.50 per bet, Caesars Sportsbook charges users a fee of $0.25 per bet, while DraftKings charges users either $0.25 or $0.50 per bet.
The companies announced the new fees earlier this summer in response to the state instituting its own plan to charge licensed Illinois sports betting operators a fee for every bet they accept.
The sports betting operators announced the new fees in response to the state implementing its own fee structure. The state instituted a $0.25 charge on an operator’s first 20,000,000 online sports bets taken each year, which increases to $0.50 per bet for every single bet taken after the initial 20,000,000 bets.
Illinois began charging all licensed operators the per-bet fee on July 1. According to a report from the Chicago Tribune, the new fee is expected to bring in $36 million annually to the state.
Circa Sports announced a new $10 minimum bet amount for Illinois sports betting customers, while ESPN BET announced a $1 bet minimum on Thursday, Aug. 15.
BetMGM, Hard Rock Bet, and BetRivers have also instituted or upped their minimum bet amounts in the state. Hard Rock Bet instituted a $2 minimum bet amount for users, BetMGM instituted a $2.50 minimum bet amount, and BetRivers now requires a $1 minimum bet.
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Regulatory Writer and Editor
Rob covers all regulatory developments in online gambling. He specializes in US sports betting news along with casino regulation news as one of the most trusted sources in the country.