Section 760.320  Online Sports Wagering

a)         As the debt of a business association, an online sports wagering account with a balance, where 3 years have passed from the date of last indication of interest by the apparent owner, is presumed to be an abandoned account.

b)         The amount to be reported and remitted to the administrator from an abandoned online sports wagering account is determined by relevant law beyond the Act including where applicable, the relevant state laws concerning online sports wagering.  However, the anti-limitations provisions of Section 15-610(a) of the Act are applicable.

(Source:  Added at 46 Ill. Reg. 16898, effective September 26, 2022)