Bill Text: IL SB0323 | 2023-2024 | 103rd General Assembly | Engrossed
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 2-0)
Status: (Engrossed) 2023-04-28 - Rule 19(a) / Re-referred to Rules Committee [SB0323 Detail]
Download: Illinois-2023-SB0323-Engrossed.html
| |||||||
| |||||||
| |||||||
| 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 25-50 as follows:
| ||||||
| 6 | (230 ILCS 45/25-50)
| ||||||
| 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 | ||||||
| |||||||
| |||||||
| 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.
| ||||||
| 26 | (Source: P.A. 101-31, eff. 6-28-19; 102-689, eff. 12-17-21.)
| ||||||
| |||||||
| |||||||
