Bill Status of HB 5092   103rd General Assembly


Short Description:  SPORTS WAGERING ACT-LICENSEES

House Sponsors
Rep. Kimberly Du Buclet

Last Action  View All Actions

DateChamber Action
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
230 ILCS 45/25-47 new

Synopsis As Introduced
Amends the Sports Wagering Act. Provides that, if a public entity that owns a sports facility does not apply for a master sports wagering license, a professional sports team that (i) plays the majority of its home contests at the sports facility and (ii) has received written authorization from the public entity may apply to the Illinois Gaming Board for a master sports wagering license in place of the public entity and shall be deemed to be a sports facility for the purposes of the Act. Requires a professional sports team granted a license under the provisions to operate through a designee. Sets the initial license fee for a master sports wagering license for a professional sports team at $1,000,000, but adjusts the amount 12 months after the professional sports team licensee begins sportsbook operations based on 5% of its handle from the first 12 months of sportsbook operations. Provides that the master sports wagering license is valid for 4 years. Allows the Board to adopt rules necessary to implement the provisions.

Actions 
DateChamber Action
  2/8/2024HouseFiled with the Clerk by Rep. Kimberly Du Buclet
  2/8/2024HouseFirst Reading
  2/8/2024HouseReferred to Rules Committee
  3/12/2024HouseAssigned to Gaming Committee
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

Back To Top