Clicky

Legal Sports Betting Finally Comes to Illinois - PennsylvaniaCasinos.com News : PennsylvaniaCasinos.com News
welcome-to-illinois
Published on
Update on

Last Friday, Illinois Governor J.B. Pritzker signed a bill that effectively made the state the fifth one to officially legalize sports betting in the country following the May 2018 Supreme Court ruling that abolished PASPA and legalized sports betting. The bill that was signed into law included a wide-ranging $45 billion capital funding package. Work on the bill began in February when the governor tasked the state’s legislature with drafting a sports betting law that would bring in $200 million to state coffers – the lawmakers did just that even though the bill arrived rather late as part of a $12 billion capital bill.

The process was also pretty straightforward, to say the least. For instance, on the second day of the extended regular session which was at the beginning of June, the state’s Senate passed the $12 billion capital bill that was several years in the making. They then tactfully tacked a sports betting provision or clause into the capital bill after it was determined that the best chance of passage of the betting bill was if it was part of an amendment to a bigger bill instead of a standalone piece of legislation.

This new sports law is now going to allow for state-wide online and mobile sports betting as well as retail sportsbooks, all which will be launched either in late 2019 or early 2020. Sports betting operators in the state will be able to apply for licenses and these will be awarded on condition that they have a seating capacity of greater than 17,000 inside or within a five-block radius of the gambling venues. A 15 percent tax rate will be imposed on sports betting activities.

Also, the sports betting services will be offered on a wide range of sporting activities including MLB, NFL, NBA, MLS, and even Nascar events. The law, however, prohibits wagering on the state’s university and collegiate sporting events.

The State of Sports Betting in the United States

As it stands, a total of 15 states including Nevada and the District of Columbia have legalized sports betting. However, only a handful of states (Nevada, New Jersey, Rhode Island, Mississippi, Delaware, West Virginia, and Pennsylvania) have active sports betting industries. Most of the other jurisdictions are reportedly planning to officially their sports betting industries in the coming fall. Fortunately, there is not much in the way of the industry and it will likely take off very smoothly with even more states set to join the bandwagon in the near future.

Sports betting has proven to be a very lucrative business in the United States and even international gaming operators have taken note of this fact.  A number of them have even gone ahead to partner with local gambling companies in a bid to get a piece of the market.

Latest Headlines

Online Gambling Continues to Thrive in Pennsylvania

In 2021, Pennsylvania once again proved that it has one of the most vibrant gambling markets in the United States. Despite all the setbacks that arose as a result of the COVID-19 pandemic, the sector managed to weather the storm well. Recent revenue reports from the state gaming regulator have affirmed that the gambling sector […]

Live! Casino Pittsburgh to Undergo Expansion

It has been a little over a year since Live! Casino Pittsburgh began operating in the Keystone State. After establishing itself in the state, the operator is now looking to do even better through some upgrades. The expansion plans for the Westmoreland property will encompass a variety of new offerings to the facility thus pushing […]

22 December Opening Date Set for Hollywood Casino Morgantown

The Keystone State’s gambling sector will this month add one more casino to its list of operators. Penn National Gaming, Inc.’s highly anticipated casino in Morgantown will finally open its doors to the public on Wednesday, December 22. The launch of the Category 4 Satellite Casino or mini-casino is still pending regulatory approvals but there […]

Pennsylvania Sets Record Commercial Gambling Revenue

The month of October was yet another great month for gaming in the Keystone State. According to the Pennsylvania Gaming Control Boards’ (PGCB) latest press release, the commercial gambling sector in the state brought in a whopping $425,916,762 in October 2021. This is now the highest amount the state brought since July 2021. It also […]

Philadelphia 76ers Ink Multi-Year Partnership with Betway

The Philadelphia 76ers have recently announced a lucrative multi-year partnership with Betway, a global online sports betting brand owned by Guernsey-based Super Group. Betway is now the official betting partner of the NBA team and they are both about to reap huge benefits from the agreement. To begin with, this is a wonderful opportunity for […]

Similar Stories in Gambling

Pennsylvania Sets Record Commercial Gambling Revenue

The month of October was yet another great month for gaming in the Keystone State. According to the Pennsylvania Gaming Control Boards’ (PGCB) latest press release, the commercial gambling sector in the state brought in a whopping $425,916,762 in October 2021. This is now the highest amount the state brought since July 2021. It also […]

Philadelphia 76ers Ink Multi-Year Partnership with Betway

The Philadelphia 76ers have recently announced a lucrative multi-year partnership with Betway, a global online sports betting brand owned by Guernsey-based Super Group. Betway is now the official betting partner of the NBA team and they are both about to reap huge benefits from the agreement. To begin with, this is a wonderful opportunity for […]

PGCB Reports Total Gaming Revenue for September

The Pennsylvania Gaming Control Board (PGCB) has recently released the revenue figures for the state’s gambling industry in September. Unsurprisingly, the sector is still soaring as it continues to recover from the ravaging impacts of the COVID-19 pandemic. According to the gaming regulator’s press release, the total revenue for gaming and fantasy sports was a […]

MaximBet to Expand Operations in Pennsylvania

Renowned online sports betting operator MaximBet has recently announced that it has secured market access in Pennsylvania and Ohio. This is a huge leap forward for the company as it continues to pursue its very ambitious growth plans across North America. It will be making its debut in the two markets through market deals which […]