As football season nears, Chicago area sports bettors may be in for sticker shock. The big picture: Illinois' new state ...

FanDuel announced Tuesday that, beginning Sept. 1, it plans to charge bettors a 50-cent transaction fee on every bet, win or lose, placed with its online sportsbook in Illinois.

FanDuel is upping the ante in Illinois with a new 50-cent surcharge on all wagers, and DraftKings may be next. Flutter-owned FanDuel is introducing the charge to mitigate the impact of new taxes ...

In response, FanDuel and DraftKings are implementing a 50-cent transaction fee for all bets placed with their Illinois platform.

FanDuel is upping the ante in Illinois with a new 50-cent surcharge on all wagers, and DraftKings may be next. Flutter-owned FanDuel is introducing the charge to mitigate the impact of new taxes ...

Combined, FanDuel and DraftKings account for about 75% of the Illinois sports betting market. Citizens gaming analyst Jordan Bender estimates the new transaction fee will translate to $79 million ...

FanDuel is upping the ante in Illinois with a new 50-cent surcharge on all wagers, and DraftKings may be next. Flutter-owned FanDuel is introducing the charge to mitigate the impact of new taxes ...