summary
Introduced
02/09/2024
02/09/2024
In Committee
04/05/2024
04/05/2024
Crossed Over
Passed
Dead
01/08/2025
01/08/2025
Introduced Session
103rd General Assembly
Bill Summary
Creates the Fantasy Sports Consumer Protection Act. Provides that the Illinois Gaming Board may regulate the conduct of fantasy contest operators under the Act. Allows the Board to levy and collect fees, surcharges, civil penalties, and, on adjusted gross fantasy contest receipts imposed under the Act, monthly taxes, and identifies other powers and duties of the Board. Includes restrictions, including requiring licensing, of fantasy contest operators. Includes license requirements and requirements for allowable fantasy contests. Contains provisions relating to denial of a license, independent audits, reporting and investigation of prohibited conduct, taxes, compulsive gambling and voluntary self-exclusion, and supplier diversity goals for fantasy contest operators. Amends the Sports Wagering Act. Excludes fantasy contests from the definition of "sports wagering". Amends the Criminal Code of 2012. Provides that participants in fantasy contest wagering shall not be convicted of the offense of gambling when conducted in accordance with the Fantasy Sports Consumer Protection Act. Excludes any real estate, vehicle, boat, or any other property whatsoever used for the purposes of gambling under the Fantasy Sports Consumer Protection Act from the definition of "gambling place" under the offense of keeping a gambling place. Amends the Illinois Administrative Procedure Act. Grants the Illinois Gaming Board emergency rulemaking authority to implement the Fantasy Sports Consumer Protection Act. Effective immediately.
AI Summary
This bill creates the Fantasy Sports Consumer Protection Act, which allows the Illinois Gaming Board to regulate the conduct of fantasy contest operators in the state. The key provisions include:
- Defining terms like "fantasy contest," "fantasy contest operator," and "participant," and granting the Gaming Board various powers to regulate the industry, such as collecting fees and taxes, establishing technical and operational requirements, and investigating prohibited conduct.
- Requiring fantasy contest operators to obtain a license from the Gaming Board, with application requirements and a process for issuance, denial, and renewal of licenses.
- Specifying that fantasy contests conducted under the Act do not constitute gambling and are only lawful when done in accordance with the Act.
- Imposing a tax of 10-15% on the adjusted gross fantasy contest receipts of licensed operators.
- Requiring licensed operators to implement measures to address compulsive gaming and voluntary self-exclusion.
- Establishing supplier diversity goals and reporting requirements for licensed operators.
The bill also amends the Sports Wagering Act to exclude fantasy contests from the definition of "sports wagering," and makes related changes to the Criminal Code to exempt fantasy contest wagering from gambling prohibitions.
Committee Categories
Business and Industry
Sponsors (4)
Last Action
Session Sine Die (on 01/07/2025)
Taxonomy
Banking, Finance, and Domestic Commerce
- ‐ Sports and Gambling Regulation
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5648&GAID=17&DocTypeID=HB&SessionID=112&GA=103 | 02/09/2024 |
| BillText | https://www.ilga.gov/legislation/103/HB/10300HB5648.htm | 02/09/2024 |
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