Bill > SB0238

This bill creates the Fantasy Sports Consumer Protection Act, which establishes a comprehensive regulatory framework for fantasy contest operators in Illinois. The bill requires fantasy contest operators to obtain a license from the Illinois Gaming Board, with detailed application requirements including background checks and financial disclosures. Fantasy contests are explicitly defined as skill-based games where participants create fictional rosters of athletes and compete for prizes based on statistical performance, and are distinguished from gambling. The legislation mandates several consumer protection measures, including age verification (participants must be at least 19), geolocation tracking to ensure participants are physically in Illinois, and robust systems to prevent fraud and underage participation. The Illinois Gaming Board is granted extensive regulatory powers, including the ability to investigate prohibited conduct, collect taxes (between 10-15% of adjusted gross receipts), and enforce strict licensing requirements. The bill also includes provisions for voluntary self-exclusion programs for compulsive players, requires independent audits of fantasy contest operators, and establishes supplier diversity goals to promote inclusivity in the industry. Additionally, the bill amends existing laws to explicitly exclude fantasy contests from gambling statutes, providing legal clarity for participants and operators. Notably, the legislation aims to protect the integrity of fantasy sports while creating a structured, regulated environment for these online competitions.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=238&GAID=18&DocTypeID=SB&SessionID=114&GA=104