States bet on boosting taxes through online sports betting companies

NEW YORK CITY, New York: States across the U.S. are increasingly eyeing higher taxes on the booming US$16 billion online sports gambling industry, which includes major players like DraftKings and FanDuel.

As the industry expands with high-profile partnerships and growing revenues, state governments are looking to increase their share of the profits.

In Illinois, a recent change in tax policy will impose