Frequently Asked Questions about Sports Betting in Illinois
1. Is sports betting legal in Illinois?
Yes, sports betting is legal in Illinois. Following the passage of the Sports Wagering Act in 2019, residents can legally place bets on various sports events at licensed sportsbooks, both online and in-person.
2. How do I get started with sports betting in Illinois?
To start sports betting in Illinois, you should first choose a licensed sportsbook. Once you've selected one, you can either register online or visit a physical location to sign up. Make sure to check their promotions and offers for new users.
3. What types of sports can I bet on in Illinois?
In Illinois, you can place bets on a wide range of sports, including football, basketball, baseball, hockey, soccer, and more. In addition, you can also bet on college sports, although some restrictions may apply for in-state colleges.
4. Are there any age restrictions for sports betting in Illinois?
Yes, the legal age to participate in sports betting in Illinois is 21 years old. This aligns with the legal drinking age and is designed to promote responsible gambling practices.
5. Can I bet on sports using my mobile device in Illinois?
Absolutely! Sports betting in Illinois includes mobile betting options. Once you have registered with a sportsbook, you can place bets using their dedicated mobile app or website from anywhere in the state.
6. What are the taxes on sports betting winnings in Illinois?
In Illinois, sports betting winnings are subject to state and federal taxes. You are required to report any gambling winnings on your tax return, and the state has a specific withholding rate for larger payouts.
7. Are there any restrictions on betting during college games in Illinois?
Yes, Illinois imposes specific restrictions on betting involving in-state college teams or events. You cannot place bets on games involving colleges located in Illinois, although you can bet on out-of-state college events.
8. How do I deposit and withdraw money from a sportsbook in Illinois?
Most sportsbooks in Illinois offer various payment methods, including credit/debit cards, bank transfers, and e-wallets. Withdrawal options also vary, with some sportsbooks allowing you to withdraw via cash at retail locations, while others offer electronic transfers.
9. Can I place bets on esports in Illinois?
Yes, many licensed sportsbooks in Illinois now offer betting options on esports. This includes popular games like League of Legends and Counter-Strike, among others, following the growing interest in competitive gaming.
10. Where can I find the best promotions for sports betting in Illinois?
The best way to find current promotions for sports betting in Illinois is to visit the websites of various licensed sportsbooks. Many platforms offer bonuses for new users, and ongoing promotions for existing customers are also common.