Bill Text: IL SB2913 | 2021-2022 | 102nd General Assembly | Introduced
Bill Title: Amends the Sports Wagering Act. Authorizes a professional women's sports team that has been in existence at least 10 years or its designee to apply to the Illinois Gaming Board to be issued a master sports wagering license. Provides for the initial license fee, renewal fee, and conduct of providing sports wagering by a professional women's sports team or its designee.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2021-10-13 - Referred to Assignments [SB2913 Detail]
Download: Illinois-2021-SB2913-Introduced.html
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1 | AN ACT concerning gaming.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Sports Wagering Act is amended by adding | ||||||||||||||||||||||||
5 | Section 25-37 as follows:
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6 | (230 ILCS 45/25-37 new) | ||||||||||||||||||||||||
7 | Sec. 25-37. Other master sports wagering licenses. A | ||||||||||||||||||||||||
8 | professional women's sports team that has been in existence | ||||||||||||||||||||||||
9 | for at least 10 years before the effective date of this | ||||||||||||||||||||||||
10 | amendatory Act of the 102nd General Assembly or its designee | ||||||||||||||||||||||||
11 | may apply to the Board for a master sports wagering license. To | ||||||||||||||||||||||||
12 | the extent permitted by federal and State law, the Board shall | ||||||||||||||||||||||||
13 | actively seek to achieve racial, ethnic, and geographic | ||||||||||||||||||||||||
14 | diversity when issuing the master sports wagering license and | ||||||||||||||||||||||||
15 | encourage minority-owned businesses, women-owned businesses, | ||||||||||||||||||||||||
16 | veteran-owned businesses, and businesses owned by persons with | ||||||||||||||||||||||||
17 | disabilities to apply for licensure. Additionally, the report | ||||||||||||||||||||||||
18 | published under subsection (m) of Section 25-45 shall impact | ||||||||||||||||||||||||
19 | the issuance of the master sports wagering license to the | ||||||||||||||||||||||||
20 | extent permitted by federal and State law. | ||||||||||||||||||||||||
21 | The initial license fee for a master sports wagering | ||||||||||||||||||||||||
22 | license issued under this Section is 5% of the professional | ||||||||||||||||||||||||
23 | women's sports team's or its designee's adjusted gross |
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1 | receipts from the preceding calendar year. No initial license | ||||||
2 | fee shall exceed $10,000,000. The master sports wagering | ||||||
3 | license is valid for 4 years. | ||||||
4 | The professional women's sports team or its designee may | ||||||
5 | renew the master sports wagering license for a period of 4 | ||||||
6 | years by paying a $1,000,000 renewal fee to the Board. | ||||||
7 | A professional women's sports team or its designee issued | ||||||
8 | a master sports wagering license may conduct sports wagering: | ||||||
9 | (1) at the facility in which the professional women's | ||||||
10 | sports team plays or within 5 blocks of that facility; and | ||||||
11 | (2) over the Internet or through a mobile application.
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12 | The sports wagering offered over the Internet or through a | ||||||
13 | mobile application shall only be offered under either the | ||||||
14 | same brand as the professional women's sports team or the | ||||||
15 | brand its designee is operating under or a brand owned by a | ||||||
16 | direct or indirect holding company that owns at least an | ||||||
17 | 80% interest in that professional women's sports team or | ||||||
18 | its designee on the effective date of this amendatory Act | ||||||
19 | of the 102nd General Assembly. | ||||||
20 | Until issuance of the first license under Section 25-45, | ||||||
21 | an individual must create a sports wagering account in person | ||||||
22 | at a facility under paragraph (1) to participate in sports | ||||||
23 | wagering offered over the Internet or through a mobile | ||||||
24 | application. | ||||||
25 | As used in this Section: | ||||||
26 | "Designee" means a master sports wagering licensee under |
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1 | Section 25-30, 25-35, or 25-45 or a management services | ||||||
2 | provider licensee. | ||||||
3 | "Minority-owned business", "women-owned business", and | ||||||
4 | "business owned by persons with disabilities" have the | ||||||
5 | meanings given to those terms in Section 2 of the Business | ||||||
6 | Enterprise for Minorities, Women, and Persons with | ||||||
7 | Disabilities Act.
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