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in excess of $30,000,000 but not exceeding $50,000,000. 30% of annual adjusted gross sports wagering receipts in excess of $50,000,000 but not exceeding $100,000,000. 35% of annual adjusted gross sports wagering receipts in excess of $100,000,000 but not exceeding $200,000,000. 40% of annual adjusted gross sports wagering receipts in excess of $200,000,000. (d-7) Beginning on July 1, 2025, and each month thereafter, for the privilege of holding a license to operate sports wagering under this Act, this State shall impose a wager tax on each master sports licensee for each individual wager placed with the master sports licensee for sports wagering over the Internet or through a mobile application. The tax shall be based on the following schedule and shall be in addition to any other taxes or fees imposed under this Act: The tax shall be $0.25 per wager for the first 20,000,000 annual combined Tier 1 and Tier 2 wagers. The tax shall be $0.50 per wager for each wager in excess of 20,000,000 annual combined Tier 1 and Tier 2 wagers. The tax levied under this subsection shall be deposited monthly into the Sports Wagering Fund. The Board shall certify all amounts deposited into the Sports Wagering Fund under this subsection to the State Comptroller. The State Comptroller shall direct and the State Treasurer shall transfer that certified amount from the Sports Wagering Fund to the General Revenue Fund. SB3019 Enrolled LRB104 20255 HLH 33706 b Public Act 104-0468