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Illinois Passes New Law for Sports Betting

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Illinois Senate Passes Sports Betting Bill: What That Means for Video Slots

It’s a great time for slot players in Illinois, as a new sports betting bill passes, promising an expansion of casinos, sports betting parlors, and video slots.

As of early June, the sports betting bill officially landed in the hands of Gov. J.B Pritzker and is expected to be signed later this month. This initiative will widen the gambling scope, triggering an explosion of needed revenue in Illinois.

Becoming the fifth state this year to do so (and the 13th state overall,) the bill introduces six new privately-own casinos in Chicago, William County, Waukegan, Danville, Rockford, and the south suburbs. The bill also jumpstarts sports betting for existing casinos, racetracks, and sports facilities (with a seating capacity of 17,000,) such as Wrigley Field and Soldier Field. Operations will be allowed sports betting within a five-block radius and a 15 percent tax will be imposed.

“For the first time ever, Illinois sports fans will have access to legal, regulated and safe sports wagering platforms online and at casinos and race tracks throughout the state,” said CEO of Rush Treet Interactive Greg Carlin. “We thank the overwhelming majority of legislators who believed that Illinois should implement sports wagering with responsible gaming operators who have a track record of integrity, innovation and strict adherence to all of Illinois’ statutes and laws.”

 

Existing Operations to Start Before Sports Betting Sites

With the bill comes an 18-month lead way for existing operations over online sports betting, causing quite a stir for online operators such as DraftKings and FanDuel.

Founder and CEO of DraftKings Jason Robins took to Twitter to express his disappointment.

“While it is good to see sports betting bills passed, excluding DraftKings and FanDuel is like passing a ride-sharing bill that excludes Uber and Lyft. Very disappointing that Illinois customers will not have the best options available to them for 18 months.”

After 18 months, a total of three sports betting sites—decided by the Gaming Board—will be permitted, with the cost of $20 million each, and a $1 million renewal fee after four years.

 

What to Expect for Slot Players  

For slot machine players, expect a general expansion of all the places you can game-on! Besides the obvious gaming expansion from both pre-existing and anticipated casinos, video-gaming terminals will also be added in airports (both O’Hare and Midway,)  stadiums, racetracks, and truck stops.

Which means, more and new slot options located within our Slotdawg app.

An estimate of $200 million a year will accumulate from video-gaming terminals, $150 for casinos following, and $60 million for sports betting.

The sports betting bill, however, will not allow bettors to gamble on any collegiate sports teams.

 

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