SB3394 amends the Illinois Criminal Code to prevent recovery of gambling losses from fantasy contests.
SB3394 amends the Illinois Criminal Code to modify the provision allowing recovery of gambling losses. Specifically, it excludes losses from fantasy contests, including single-player contests, from being recoverable. This change applies to natural persons who lose $50 or more through gambling. The bill also maintains the existing rule that losses from video gaming terminals are not recoverable. The changes take effect immediately upon the bill becoming law.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.