Restricted Sports activities Betting Act filed in Illinois
Limited bets on college sports in the states could soon be legalized in Illinois after a two-year trial in the General Assembly on the last scheduled day of the legislature.
The omnibus sports bill, sponsored by Blue Island Rep. Bob Rita, could pass both chambers before adjourned Monday after passing a committee on Monday afternoon.
In Person Illinois Sports Betting
Individuals looking to complete state college sports betting in Illinois must go to a brick and mortar sportsbook rather than an online sportsbook. A bet on an Illinois college team must be a Tier 1 bet, which is determined solely by the final outcome of a sporting event. It must also be placed before the game starts.
Illinois’s new Sports Betting Act also allows Wintrust Arena, home of the WNBA’s Chicago Sky, to become a place for spot betting. The Wintrust Arena initial fee is $ 10 million, or 5% of gross earnings, whichever is lower. The license could be renewed in four years for a fee of $ 1 million.
If the bill is passed by the legislature and signed by the governor, it comes into effect immediately. The provision would run until July 1, 2023 and betting on individual performances is not legal.
Video Games Regulations
The Illinois College Sports Betting Act also increased the annual fee limit imposed by unrestricted communities for video game terminals from $ 25 to $ 250. The $ 250 fee would also apply to home parishes, although lawmakers intend to include a provision to allow parishes that ask more to continue to do so.
The measure also prevents municipalities from taxing video slot machines or the bets placed on them. If municipalities have already levied such taxes on video game gambling on June 1, they can continue to levy them, but they cannot raise, expand, or widen the tax rate for people who play video game terminals.
Brother organizations like VFW-Posten and American Legions are also allowed to apply for gaming machine licenses, even if their communities have a local ban. The Illinois Sports Betting Act also allows fraternal establishments without alcohol licenses. However, the foregoing does not apply to Chicago and Cook County facilities.