Greed meets greed: DraftKings to close its Wrigley Field sportsbook at the end of May over Illinois tax

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After just two years, DraftKings announced it was closing its Wrigley Field sportsbook May 31. DraftKings threw Illinois' sports gambling tax structure under the bus in a statement published in the Chicago Tribune.

While we are proud of what we have built alongside the Chicago Cubs, we are taking a more focused approach to where we invest in the state. The cost of operating in Illinois, including its high tax structure, makes it more difficult to justify continued investment in a standalone retail sportsbook.

The Illinois "tax structure" that DraftKings references in its Chicago Tribune statement is a 25-cent tax on the first 20 million internet-based bets annually, then 50 cents thereafter, which went into effect on July 1, 2025.

DraftKings announced Monday that it was shutting down its sportsbook at Wrigley Field, home of the Chicago Cubs, effective May 31. (Jill Connelly/Bloomberg)

OBVIOUSLY, THE ILLINOIS GOVERNMENT IS GOING TO RUIN SPORTS BETTING FOR RESIDENTS

Not all the fun will be stopped at DraftKings' Wrigley Field spot. The restaurant, bar and sports entertainment establishment will stay open.

I'm sure the Wi-Fi will be stronger than ever to help patrons place bets through the DraftKings' app. Granted, that doesn't address the core issue because the tax applies to internet wagers, not to in-person ones.

In this photo illustration, the DraftKings online betting app logo is displayed on a smartphone screen. (Budrul Chukrut/SOPA Images/LightRocket/Getty Images)

It's hard to feel bad for anyone here. I definitely don't feel bad for DraftKings, which "floods the zone" with nonstop marketing and preys on junkies and college