DraftKings is closing its retail sportsbook at Wrigley Field, a prominent but minor part of its operations, due to increased wagering taxes in Illinois. The last day for in-person betting at this location will be May 31. DraftKings will continue its online services throughout the state.
Opened in March 2024, the DraftKings sportsbook at Wrigley Field is the sole retail betting location linked with a sports venue in Illinois. Companies like FanDuel, associated with Fairmount Park, and DraftKings with Casino Queen, dominate with revenue primarily from online betting.
DraftKings cited the rising costs, especially taxes, as key reasons for ending the retail operation. The company highlighted the challenges of maintaining a profitable standalone sportsbook with Illinois’ tax structure.
In 2024, tax rates increased to 40% for large betting platforms. Additionally, a per-wager tax of 25 cents, rising to 50 cents after 20 million annual bets, was introduced. Chicago also implemented a 10.25% tax on sports wagering receipts this year.
The partnership between the Cubs and DraftKings began in 2020, overcoming significant regulatory hurdles. Although retail betting is ending, the Wrigley Field site will operate as a DraftKings sports bar, featuring extensive video screens and a full menu. Plans are in place to create a direct connection to the ballpark.
A Cubs spokesperson stated that the sports bar will serve both game and non-game days, enhancing the experience for visitors. DraftKings remains the official sports betting and daily fantasy partner of the Cubs.
The transition involves the layoff of some employees involved in the retail sportsbook. Customers can redeem open bets at the Wrigley location until June 30 or by mail.
Despite the closure, Illinois’ sports betting sector continues to grow since Rivers Casino initiated the state’s first sportsbook in 2020. The state currently hosts 15 sportsbooks, including a recent addition at Wind Creek Chicago Southland. Illinois ranked second in the nation, generating $1.48 billion in revenue last year, driven largely by online betting.
FanDuel led revenue generation in Illinois, followed by DraftKings. In-person betting at Wrigley Field produced minimal revenues compared to the state’s total, prompting a strategic shift toward a sports bar atmosphere.