SB2145 regulates fantasy contests and sports wagering in Illinois, establishing licensing requirements and operational standards.
SB2145 amends the Sports Wagering Act to regulate fantasy contests and sports wagering in Illinois. It mandates licensing for fantasy contest operators and sets criteria for applicants, including age, criminal history, and skill level. The bill also outlines the duties of licensees, including compliance with anti-money laundering standards and identity verification procedures. It establishes a tax on fantasy contest receipts and requires licensees to implement measures to prevent underage participation.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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