SB2781 amends the Illinois Gambling Act to redefine "adjusted gross receipts" for gambling licensees.
SB2781 amends the Illinois Gambling Act by changing the definition of "adjusted gross receipts" for gambling licensees. The new definition subtracts from total cash and cash equivalents received: winnings paid to wagerers, costs for anything of value provided to and redeemed by wagerers, voided or cancelled wagers, and the costs of free play or promotional credits. This bill affects gambling operations and the financial reporting requirements for licensees.
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