IL SB3706 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 9 2024 - 25% progression
Action: 2024-02-09 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 9 2024 - 25% progression
Action: 2024-02-09 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Sports Wagering Act. Provides that, notwithstanding any other provision of law, beginning with July 2024, the Illinois Gaming Board shall certify to the State Comptroller the amount of tax revenues collected in the month from sports wagering operations within a municipality with a population of 5,000 or more but less than 500,000, within a municipality of less than 5,000 that has a police pension fund under the Downstate Police Article of the Illinois Pension Code, and within a municipality that is designated a financially distressed city. Provides that the amounts certified shall include wagers designated by digital geolocation within the municipality and wagers made at a physical location within the municipality. Requires the State Comptroller to direct, as soon after certification as practicable, and the State Treasurer to transfer from the Sports Wagering Fund to the specified municipality 5% of the amount certified for that municipality. Requires a municipality that receives moneys under the provisions to use the moneys for general corporate purposes. Effective immediately.
Title
SPORTS WAGERING-REVENUE RETURN
Sponsors
History
Date | Chamber | Action |
---|---|---|
2024-02-09 | Senate | Referred to Assignments |
2024-02-09 | Senate | First Reading |
2024-02-09 | Senate | Filed with Secretary by Sen. Christopher Belt |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
230 | 45 | 25-90 | Amended Code | Citation Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3706&GAID=17&DocTypeID=SB&SessionID=112&GA=103 |
Text | https://www.ilga.gov/legislation/103/SB/10300SB3706.htm |