CENTRAL ILLINOIS (WCIA) — For the first time, more than half of Americans are expected to do most of their holiday shopping online.
Adobe Analytics predicts people will spend $9.4 billion on Cyber Monday, a nearly 20% jump from Cyber Monday 2018. Adobe says Americans already spent a combined $11.6 billion on Thanksgiving and Black Friday in online sales. $2.9 billion dollars came from smartphones.
Meanwhile, the state of Illinois could soon haul in more sales tax revenue through Cyber Monday beginning in 2021. State lawmakers passed legislation to apply local sales taxes to all online sales, from remote sellers or third-party marketplaces. The Illinois Retail Merchants Association predicts that will bring in an extra $380 million for Illinois and another $85 million for local governments.