Bill > SB2723

This bill amends the Illinois Gambling Act to modify the licensing process for casino and riverboat gambling operations. The bill specifies that the Gambling Board may issue additional owners licenses for gambling operations in specific locations like Chicago, Danville, Waukegan, Rockford, certain Cook County townships, and Williamson County. Each licensee must pay a $15,000,000 reconciliation fee upon license issuance and will be required to make a reconciliation payment three years after beginning operations, calculated as 75% of the most lucrative 12-month period's adjusted gross receipts, minus the initial gaming position payment and the reconciliation fee. The bill sets limits on the number of gaming positions for different types of licenses (e.g., 4,000 positions for Chicago, 2,000 for most other locations), and establishes initial gaming position fees ranging from $17,500 to $30,000 depending on the location. The bill also provides provisions for temporary facilities, license renewals, and requires local municipal or county approval for riverboat docking. These changes aim to expand gambling opportunities in Illinois while creating a structured financial framework for new casino and riverboat gambling licenses.

Government Affairs

https://www.ilga.gov/Legislation/BillStatus?DocNum=2723&GAID=18&DocTypeID=SB&SessionID=114&GA=104