SB3898 regulates fantasy contests and sports wagering in Illinois, establishing licensing, conduct, and tax provisions.
SB3898 amends the Sports Wagering Act to define and regulate fantasy contests and sports wagering. It mandates licensing for fantasy contest operators, requiring background checks and prohibiting certain conduct. The bill sets up a voluntary self-exclusion program for participants. It also outlines duties for licensees, including anti-money laundering compliance and underage participation prevention. SB3898 imposes a tax on adjusted gross fantasy contest receipts and mandates annual audits.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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