Bill > SB1349

This bill amends the Sports Wagering Act to modify the licensing process for online sports wagering operators in Illinois. The bill reduces the application and licensing requirements by eliminating the previous competitive selection process and limiting the number of master sports wagering licenses. Specifically, applicants will now pay a $250,000 non-refundable application fee and a $15,000,000 initial license fee, with the license valid for 4 years and renewable for a $1,000,000 fee. The bill removes previous detailed eligibility requirements, public notice provisions, and outreach mandates related to minority-owned, women-owned, and veteran-owned businesses. Instead, the legislation simplifies the licensing process by allowing the Illinois Gaming Board to issue master sports wagering licenses to persons who want to conduct sports wagering over the Internet or through mobile applications. The bill maintains the Board's previous intent to seek racial, ethnic, and geographic diversity when issuing licenses, but eliminates the extensive procedural requirements that were previously in place. The changes effectively streamline the sports wagering licensing process in Illinois, making it easier for operators to enter the market while maintaining basic regulatory oversight.

Government Affairs

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1349&GAID=18&DocTypeID=SB&SessionID=114&GA=104