The Illinois budget passed June 1 includes new taxes on prediction markets, fantasy sports and cryptocurrency, three growing industries in the state and beyond.
It also includes a new tax on social media companies championed by Governor JB Pritzker and a tax on digital ads pushed by lawmakers seeking what they describe as more progressive revenue.
In the Loop discusses what these taxes will fund and how they could impact residents.
GUESTS: Mawa Iqbal, WBEZ senior statehouse reporter
Noah Henderson, director of Sport Management Program, Loyola University
Justin Marlowe, research professor, UChicago Harris School of Public Policy