Illinois General Assembly - Bill Status for HB5847

Amends the Sports Wagering Act. Defines "eligible professional sports team". Provides that an eligible professional sports team may apply to the Illinois Gaming Board for a master sports wagering license. Provides that if a sports facility is owned by a governmental entity, one professional sports team that plays its home contests at the same sports facility or its designee may apply for a master sports wagering license in place of the relevant sports facility if that eligible professional sports team or its designee has received written authorization from the relevant sports facility. Provides that if more than one professional sports team plays its home contests at the same sports facility, written authorization is required from all sports teams that play home contests at the sports facility. Provides that a master sports wagering licensee initial and renewal license fee shall be reduced by 50% for the sports facility, an eligible professional sports team, or its designee of a sports facility or an eligible professional sports team that meets the provided social equity applicant guidelines. Allows a sports facility, an eligible professional sports team, or its designee of a sports facility or an eligible professional sports team issued a master sports wagering licensee to conduct sports wagering at or within 5,000 lineal feet of the sports facility (rather than within a 5-block radius of the sports facility) and to conduct sports wagering over the Internet within the territorial limits of the State (rather than within a 5-block radius of the sports facility). Provides for key persons of an application for a master sports wagering license.

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