102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB3672
 
Introduced 2/22/2021, by Rep. LaToya Greenwood
 
SYNOPSIS AS INTRODUCED:
 

 
230 ILCS 45/25-90

     Amends the Sports Wagering Act. Provides that, beginning July 1, 2021, from the tax revenue from sports wagering deposited in the Sports Wagering Fund,
an amount equal to 5% of adjusted gross receipts generated by a master sports wagering licensee (other than an online sports wagering operator) shall be paid monthly, subject to appropriation by the General Assembly, to the unit of local government in which the master sports wagering licensee is located. Effective immediately.
  


LRB102 13846 SMS 19197 b

FISCAL NOTE ACT MAY APPLY
 
 
A BILL FOR
 

  
HB3672LRB102 13846 SMS 19197 b


  
1    AN ACT concerning gaming.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The Sports Wagering Act is amended  by changing 
5Section 25-90 as follows:
 
6    (230 ILCS 45/25-90)

7    Sec. 25-90. Tax; Sports Wagering Fund. 
8    (a) For the privilege of holding a license to operate 
9sports wagering under this Act, this State shall impose and 
10collect 15% of a master sports wagering licensee's adjusted 
11gross sports wagering receipts from sports wagering. The 
12accrual method of accounting shall be used for purposes of 
13calculating the amount of the tax owed by the licensee.
14    The taxes levied and collected pursuant to this subsection 
15(a) are due and payable to the Board no later than the last day 
16of the month following the calendar month in which the 
17adjusted gross sports wagering receipts were received and the 
18tax obligation was accrued.
19    (a-3) Beginning July 1, 2021, from the tax revenue from 
20sports wagering deposited in the Sports Wagering Fund under 
21this Section,
an amount equal to 5% of adjusted gross receipts 
22generated by a master sports wagering licensee, other than a 
23licensee under Section 25-45, shall be paid monthly, subject 
 
 
HB3672- 2 -LRB102 13846 SMS 19197 b

1to appropriation by the General Assembly, to the unit of local 
2government in which the master sports wagering licensee is 
3located. 
4    (a-5) In addition to the tax imposed under subsection (a) 
5of this Section, for the privilege of holding a license to 
6operate sports wagering under this Act, the State shall impose 
7and collect 2% of the adjusted gross receipts from sports 
8wagers that are placed within a home rule county with a 
9population of over 3,000,000 inhabitants, which shall be paid, 
10subject to appropriation from the General Assembly, from the 
11Sports Wagering Fund to that home rule county for the purpose 
12of enhancing the county's criminal justice system.
13    (b) The Sports Wagering Fund is hereby created as special 
14fund in the State treasury. Except as otherwise provided in 
15this Act, all moneys collected under this Act by the Board 
16shall be deposited into the Sports Wagering Fund. On the 25th 
17of each month, any moneys remaining in the Sports Wagering 
18Fund shall be transferred to the Capital Projects Fund.

19(Source: P.A. 101-31, eff. 6-28-19.)
  
 
20    Section 99. Effective date. This Act takes effect upon 
21becoming law.