summary
Introduced
02/07/2025
02/07/2025
In Committee
02/07/2025
02/07/2025
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Illinois Gambling Act. Provides that, if the Illinois Gaming Board is otherwise authorized to issue licenses to conduct Internet gaming, the Board shall not issue a license if the applicant or any of its affiliates is knowingly accepting, directly or indirectly, revenue that is derived from (i) any jurisdiction on the Black List of Money Laundering Countries, as established by the Financial Action Task Force, or (ii) any jurisdiction designated by the United States as a state sponsor of terrorism. Provides that, if at any time during licensure, the Board determines that the licensee or any of its affiliates is knowingly accepting, directly or indirectly, revenue that is derived from any jurisdiction on the Black List of Money Laundering Countries, as established by the Financial Action Task Force, or any jurisdiction designated by the United States as a state sponsor of terrorism, then the Board shall impose a penalty of license revocation if it determines, after notice and an opportunity for hearing, that it would further the public interest to discontinue such operations of the interactive gaming licensee. Effective immediately.
AI Summary
This bill amends the Illinois Gambling Act to establish strict regulations for Internet gaming license approvals and maintenance, focusing on preventing licensing of entities with connections to high-risk or sanctioned jurisdictions. Specifically, the bill prohibits the Illinois Gaming Board from issuing an Internet gaming license to any applicant that is knowingly accepting revenue from countries on the Financial Action Task Force's Black List of Money Laundering Countries or from jurisdictions designated by the United States as state sponsors of terrorism. If the Board discovers during a licensee's active period that the licensee or its affiliates are deriving revenue from such jurisdictions, the Board may revoke the license after providing notice and a hearing, if it determines that discontinuing the licensee's operations would serve the public interest. The terms "Black List of Money Laundering Countries" and "state sponsors of terrorism" are technical designations used to identify jurisdictions with significant financial crime risks or those considered to support terrorist activities, thereby protecting the integrity of Illinois' online gaming industry from potential international illicit financial activities.
Sponsors (1)
Last Action
Referred to Assignments (on 02/07/2025)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2499&GAID=18&DocTypeID=SB&SessionID=114&GA=104 |
| BillText | https://www.ilga.gov/legislation/104/SB/10400SB2499.htm |
Loading...