Bill Text: IL HB4576 | 2021-2022 | 102nd General Assembly | Introduced
Bill Title: Amends the Sports Wagering Act. Provides that beginning 4 years after issuance of the initial supplier license, a holder of a supplier license shall pay a $50,000 license fee for each additional 4-year renewal period (rather than a $150,000 annual license fee). Effective immediately.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2022-01-21 - Referred to Rules Committee [HB4576 Detail]
Download: Illinois-2021-HB4576-Introduced.html
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1 | AN ACT concerning gaming.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Sports Wagering Act is amended by changing | |||||||||||||||||||
5 | Section 25-50 as follows:
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6 | (230 ILCS 45/25-50)
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7 | Sec. 25-50. Supplier license. | |||||||||||||||||||
8 | (a) The Board may issue a supplier license to a person to | |||||||||||||||||||
9 | sell or lease sports wagering equipment, systems, or other | |||||||||||||||||||
10 | gaming items to conduct sports wagering and offer services | |||||||||||||||||||
11 | related to the equipment or other gaming items and data to a | |||||||||||||||||||
12 | master sports wagering licensee while the license is active. | |||||||||||||||||||
13 | (b) The Board may adopt rules establishing additional | |||||||||||||||||||
14 | requirements for a supplier and any system or other equipment | |||||||||||||||||||
15 | utilized for sports wagering. The Board may accept licensing | |||||||||||||||||||
16 | by another jurisdiction that it specifically determines to | |||||||||||||||||||
17 | have similar licensing requirements as evidence the applicant | |||||||||||||||||||
18 | meets supplier licensing requirements. | |||||||||||||||||||
19 | (c) An applicant for a supplier license shall demonstrate | |||||||||||||||||||
20 | that the equipment, system, or services that the applicant | |||||||||||||||||||
21 | plans to offer to the master sports wagering licensee conforms | |||||||||||||||||||
22 | to standards established by the Board and applicable State | |||||||||||||||||||
23 | law. The Board may accept approval by another jurisdiction |
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1 | that it specifically determines have similar equipment | ||||||
2 | standards as evidence the applicant meets the standards | ||||||
3 | established by the Board and applicable State law. | ||||||
4 | (d) Applicants shall pay to the Board a nonrefundable | ||||||
5 | license and application fee in the amount of $150,000. Except | ||||||
6 | as provided by Section 8.1 of the Illinois Gambling Act, the | ||||||
7 | initial supplier license shall be issued for 4 years unless | ||||||
8 | sooner canceled or terminated. After the initial period, the | ||||||
9 | Board shall renew supplier licenses for additional 4-year | ||||||
10 | periods unless sooner canceled or terminated. Renewal of a | ||||||
11 | supplier license shall be granted to a renewal applicant who | ||||||
12 | has continued to comply with all applicable statutory and | ||||||
13 | regulatory requirements. Beginning 4 years after issuance of | ||||||
14 | the initial supplier license, a holder of a supplier license | ||||||
15 | shall pay a $50,000 $150,000 annual license fee for each | ||||||
16 | additional 4-year renewal period . | ||||||
17 | (e) A supplier shall submit to the Board a list of all | ||||||
18 | sports wagering equipment and services sold, delivered, or | ||||||
19 | offered to a master sports wagering licensee in this State, as | ||||||
20 | required by the Board, all of which must be tested and approved | ||||||
21 | by an independent testing laboratory approved by the Board. A | ||||||
22 | master sports wagering licensee may continue to use supplies | ||||||
23 | acquired from a licensed supplier, even if a supplier's | ||||||
24 | license expires or is otherwise canceled, unless the Board | ||||||
25 | finds a defect in the supplies.
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26 | (Source: P.A. 101-31, eff. 6-28-19; 102-689, eff. 12-17-21.)
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1 | Section 99. Effective date. This Act takes effect upon | ||||||
2 | becoming law.
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