Bill > HB4178

This bill amends the Illinois Gambling Act to modify the licensing process and financial requirements for casino and riverboat gambling owners licenses. The bill allows the Illinois Gaming Board to issue up to six additional owners licenses for specific locations, including Chicago, Danville, Waukegan, Rockford, and other specified areas in Cook County and Williamson County. Each licensee must pay a $15,000,000 reconciliation fee upon receiving their license and will be required to make a reconciliation payment three years after beginning operations, calculated as 75% of their most lucrative 12-month period's adjusted gross receipts, minus the initial gaming position payment and the reconciliation fee. The bill sets specific limits on the number of gaming positions for different types of licenses (4,000 for Chicago, 2,000 for most other locations, and 1,200 for Williamson County), with initial fees ranging from $17,500 to $30,000 per gaming position depending on the location. The legislation also provides provisions for temporary facilities, license renewals, and requires local municipal or county approval for new gambling locations, with a focus on economic development, job creation, and regional economic benefits.

https://www.ilga.gov/Legislation/BillStatus?DocNum=4178&GAID=18&DocTypeID=HB&SessionID=114&GA=104