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- Hard Rock Bet online sports betting has been launched in Illinois
- In-person sports betting to begin on Aug. 29 at Hard Rock Casino Rockford
- Will be subjected to Illinois’ new progressive tax rate
Hard Rock Bet is now Illinois bound.
Hard Rock Digital and Hard Rock Casino Rockford announced that Hard Rock Bet online sports betting is now live in Illinois. Hard Rock Bet went live throughout the state on Monday, Aug. 26, its eighth live state.
In-person sports betting will also launch at the Hard Rock Casino Rockford on Thursday, Aug. 29.
Rolling into Illinois
Hard Rock Bet has entered Illinois during a fruitful time of the sports betting season, as college football is ready to roll this weekend and the NFL season will begin in two weeks.
“Sports betting was always part of our holistic plan for Rockford and is another example of providing thrilling entertainment options for guests,” said Geno Iafrate, President of Hard Rock Casino Rockford, in a press release. “The launch of Hard Rock Bet on mobile and in-person sports betting is another milestone for the Hard Rock brand in Illinois, one that adds to the complete array of entertainment options for our guests. If guests want to enjoy live music, have a meal, play table games, slots, or place bets on a sporting event, they can now take part in any facet of entertainment all under one roof.”
In-person sports betting at Hard Rock Casino Rockford will feature five betting kiosks, and three betting windows.
Illinois is the eighth live state for Hard Rock Bet. The casino operator is live in the following markets:
- Arizona
- Florida
- Illinois
- Indiana
- New Jersey
- Ohio
- Tennessee
- Virginia
New Jersey is the only state where Hard Rock Bet operates iGaming in addition to online sports betting.
New Illinois Tax Rate for Hard Rock Bet
Hard Rock Bet will be subjected to Illinois’ new tax rate, which went into effect on July 1.
The new progressive sports betting tax rate is the first of its kind in the country. Based on the new structure, operators will have to pay taxes based on the following adjusted gross sports betting revenue totals:
- $0 to $30 million: 20%
- $30 million to $50 million: 25%
- $50 million to $100 million: 30%
- $100 million to $200 million: 35%
- Over $200 million: 40%
Operators will also be required to pay separate taxes based on the sliding scale for both retail and online sportsbooks.
Hard Rock Bet will likely have to pay a 20% to 25% rate each month, as its doubtful their monthly gross adjusted sports betting revenues will surpass $50 million.
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.
Hard Rock Bet, a well-known name in the world of entertainment and hospitality, has recently expanded its offerings to include online sports betting in Illinois. This move comes as no surprise, considering the growing popularity of sports betting in the United States and the lucrative potential it holds for businesses in the industry.
Illinois is one of the latest states to legalize online sports betting, following in the footsteps of several others that have already embraced this form of gambling. With the launch of Hard Rock Bet’s online sports betting platform in Illinois, residents of the state now have access to a wide range of betting options on various sports events from around the world.
One of the key advantages of online sports betting is the convenience it offers to bettors. With just a few clicks, users can place bets on their favorite teams or players without having to leave the comfort of their homes. This accessibility has made online sports betting increasingly popular among sports fans who want to add an extra layer of excitement to their viewing experience.
In addition to convenience, online sports betting also provides bettors with a wider range of betting options compared to traditional brick-and-mortar sportsbooks. With Hard Rock Bet’s online platform, users can bet on a variety of sports, including football, basketball, baseball, soccer, and more. They can also take advantage of live betting options, which allow them to place bets in real-time as games unfold.
Furthermore, online sports betting platforms like Hard Rock Bet often offer promotions and bonuses to attract new users and retain existing ones. These incentives can include free bets, deposit bonuses, and other rewards that enhance the overall betting experience for users.
Overall, the launch of Hard Rock Bet’s online sports betting platform in Illinois is a significant development for sports fans in the state. With its user-friendly interface, wide range of betting options, and attractive promotions, Hard Rock Bet is poised to become a major player in the online sports betting market in Illinois and beyond. So, whether you’re a seasoned bettor or new to the world of sports betting, Hard Rock Bet’s online platform is definitely worth checking out.
