SB3733 regulates fantasy contests in Illinois, setting licensing requirements, fees, and operational standards.
SB3733 amends the Sports Wagering Act to regulate fantasy contests in Illinois. It mandates licensing for operators, with fees of $500 for small operators and $7,500 for large operators. Licensees must meet criteria including age, criminal history, and skill demonstration. The bill sets operational standards, including identity verification and anti-money laundering compliance. It also imposes a 15% privilege tax on adjusted gross fantasy contest receipts starting July 1, 2026.
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.