Bill > HB2878

This bill amends the Sports Wagering Act to modify licensing requirements for online sports wagering operators. The bill reduces bureaucratic procedures by removing previous provisions about the number of master sports wagering licenses and public notice requirements. Now, the Illinois Gaming Board may issue master sports wagering licenses to operators who want to conduct sports wagering over the Internet or through mobile applications. Applicants must pay a nonrefundable application fee of $250,000 and an initial license fee of $15,000,000, with the license valid for 4 years. Licensees can renew their master sports wagering license for another 4 years by paying a $1,000,000 renewal fee. The bill eliminates previous detailed eligibility requirements and competitive selection processes, streamlining the licensing approach. While the bill removes specific language about diversity considerations, it maintains a general intent to encourage diverse participation in sports wagering licensing. The changes aim to simplify and expedite the process for obtaining sports wagering licenses in Illinois, making it more straightforward for potential operators to enter the market.

Business and Industry

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2878&GAID=18&DocTypeID=HB&SessionID=114&GA=104