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These tax obligations make certain that profits are properly reported and strained, adding to state and federal earnings. A 2022 Morgan Stanley report predicted that if Illinois legalized on the internet gaming, the state would create $868 million in igaming revenue in 2024. That number is expected to rise to $1.3 billion in 2025, $1.5 billion in 2026, $1.6 billion in 2027, and $1.7 billion in 2028.
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