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Bill > HB4042


IL HB4042

IL HB4042
SPORTS WAGERING-LICENSE FEE


summary

Introduced
04/20/2023
In Committee
04/25/2023
Crossed Over
Passed
Dead
01/08/2025

Introduced Session

103rd General Assembly

Bill Summary

Amends the Sports Wagering Act. Provides that the initial license fee for a master sports wagering license for a sports facility with a maximum seating capacity of 12,000 or less is $3,500,000.

AI Summary

This bill amends the Sports Wagering Act to provide that the initial license fee for a master sports wagering license for a sports facility with a maximum seating capacity of 12,000 or less is $3,500,000, instead of the standard $10,000,000 fee for larger sports facilities. The bill also maintains the 4-year license period and $1,000,000 renewal fee for these smaller sports facilities.

Sponsors (1)

Last Action

Session Sine Die (on 01/07/2025)

Taxonomy

Banking, Finance, and Domestic Commerce
  • ‐ Sports and Gambling Regulation

bill text


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