102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
Introduced 2/22/2021, by Rep. LaToya Greenwood
SYNOPSIS AS INTRODUCED:
Amends the Sports Wagering Act. Provides that, beginning July 1,
2021, from the tax revenue from sports wagering deposited in the Sports
an amount equal to 5% of adjusted gross receipts generated
by a master sports wagering licensee (other than an online sports wagering
operator) shall be paid monthly, subject to appropriation by the General
Assembly, to the unit of local government in which the master sports
wagering licensee is located. Effective immediately.
|FISCAL NOTE ACT MAY APPLY|
A BILL FOR
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AN ACT concerning gaming.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Sports Wagering Act is amended by changing
Section 25-90 as follows:
(230 ILCS 45/25-90)
Tax; Sports Wagering Fund.
(a) For the privilege of holding a license to operate
sports wagering under this Act, this State shall impose and
collect 15% of a master sports wagering licensee's adjusted
gross sports wagering receipts from sports wagering. The
accrual method of accounting shall be used for purposes of
calculating the amount of the tax owed by the licensee.
The taxes levied and collected pursuant to this subsection
(a) are due and payable to the Board no later than the last day
of the month following the calendar month in which the
adjusted gross sports wagering receipts were received and the
tax obligation was accrued.
(a-3) Beginning July 1, 2021, from the tax revenue from
sports wagering deposited in the Sports Wagering Fund under
an amount equal to 5% of adjusted gross receipts
generated by a master sports wagering licensee, other than a
licensee under Section 25-45, shall be paid monthly, subject