However, those who opposed the bill felt that any sports betting licenses issued in Chicago would cut into the profits of the casino that is planned for construction in the city in the near future. As a result, City Council lawmakers imposed a city-wide ban on sports betting.
Chicago Finally Lifts Ban on Sports Betting in City's StadiumsSports teams and organizations can now open sportsbooks at or within five blocks of their stadiums. These include:
- Wrigley Field
- Soldier Field
- United Center
- Wintrust Arena
- Guaranteed Rate Field
Analysts have estimated that annual revenue in the city could reach $20-$25 million netting Chicago taxes of $400,000-$500,000.
Jenny Tang
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.