Illinois SB1349 amends the Sports Wagering Act to adjust fees and licensing processes for sports wagering.
SB1349 modifies the Sports Wagering Act by setting a $250,000 nonrefundable application fee and a $20,000,000 nonrefundable license fee for master sports wagering licenses. It removes previous provisions on the number of licenses, eligibility requirements, and public notice requirements. The Illinois Gaming Board must issue three master sports wagering licenses to online operators. The bill also mandates the Board to conduct a study on the online sports wagering industry to assess the need for remedial measures to support minority and women applicants and businesses.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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