HB5443 regulates fantasy contests and sports wagering in Illinois, establishing licensing, conduct, and tax provisions.
HB5443 amends the Sports Wagering Act to regulate fantasy contests and sports wagering. It defines key terms, including "fantasy contest" and "sports wagering." The bill mandates licensing for fantasy contest operators and master sports wagering licensees, with specific criteria and fees. It also outlines conduct rules, such as preventing underage participation and implementing identity verification. The bill imposes a privilege tax on fantasy contest operators based on their adjusted gross receipts.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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