Full Text of HB3970 101st General Assembly
HB3970 101ST GENERAL ASSEMBLY |
| | 101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020 HB3970 Introduced 1/8/2020, by Rep. Deb Conroy SYNOPSIS AS INTRODUCED: |
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Amends the Sports Wagering Act. Provides that a supplier or vendor authorized by a sports governing body or sports league, organization, or association to distribute tier 2 official league data is not required to obtain a tier 2 official league data provider license if that supplier or vendor already holds a supplier license or if that supplier or vendor has been granted a temporary or conditional authorization to offer any of its services as a supplier licensee.
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| | A BILL FOR |
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| | | HB3970 | | LRB101 15474 SMS 64815 b |
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| 1 | | AN ACT concerning gaming.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Sports Wagering Act is amended by changing | 5 | | Section 25-60 as follows: | 6 | | (230 ILCS 45/25-60)
| 7 | | Sec. 25-60. Tier 2 official league data provider license. | 8 | | (a) A sports governing body or a sports league, | 9 | | organization, or association or a vendor authorized by such | 10 | | sports governing body or sports league, organization, or | 11 | | association to distribute tier 2 official league data may apply | 12 | | to the Board for a tier 2 official league data provider | 13 | | license. | 14 | | (b) A tier 2 official league data provider licensee may | 15 | | provide a master sports wagering licensee with official league | 16 | | data for tier 2 sports wagers. No sports governing body or | 17 | | sports league, organization, or association or a vendor | 18 | | authorized by such sports governing body or sports league, | 19 | | organization, or association may provide tier 2 official league | 20 | | data to a master sports wagering licensee without a tier 2 | 21 | | official league data provider license. | 22 | | Notwithstanding the provisions of this Section, the | 23 | | licensing and fee requirements of this Section shall not apply |
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| 1 | | if, under subsection (g) of Section 25-25, master sports | 2 | | wagering licensees are not required to use official league data | 3 | | to determine the results of tier 2 sports wagers. | 4 | | (c) The initial license fee for a tier 2 official league | 5 | | data provider license is payable to the Board at the end of the | 6 | | first year of licensure based on the amount of data sold to | 7 | | master sports wagering licensees as official league data as | 8 | | follows: | 9 | | (1) for data sales up to and including $500,000, the | 10 | | fee is $30,000; | 11 | | (2) for data sales in excess of $500,000 and up to and | 12 | | including $750,000, the fee is $60,000; | 13 | | (3) for data sales in excess of $750,000 and up to and | 14 | | including $1,000,000, the fee is $125,000; | 15 | | (4) for data sales in excess of $1,000,000 and up to | 16 | | and including $1,500,000, the fee is $250,000; | 17 | | (5) for data sales in excess of $1,500,000 and up to | 18 | | and including $2,000,000, the fee is $375,000; and | 19 | | (6) for data sales in excess of $2,000,000, the fee is | 20 | | $500,000. | 21 | | The license is valid for 3 years. | 22 | | (d) The tier 2 official league data provider licensee may | 23 | | renew the license for 3 years by paying a renewal fee to the | 24 | | Board based on the amount of data sold to master sports | 25 | | wagering licensees as official league data in the immediately | 26 | | preceding year as provided in paragraphs (1) through (6) of |
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| 1 | | subsection (c). | 2 | | (e) A supplier or vendor authorized by a sports governing | 3 | | body or sports league, organization, or association to | 4 | | distribute tier 2 official league data is not required to | 5 | | obtain a tier 2 official league data provider license if that | 6 | | supplier or vendor already holds a supplier license under | 7 | | Section 25-50 or if that supplier or vendor has been granted a | 8 | | temporary or conditional authorization to offer any of its | 9 | | services as a supplier licensee under Section 25-50.
| 10 | | (Source: P.A. 101-31, eff. 6-28-19.)
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