August 16, 2022

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Illinois Repeals Ban On In-State Collegiate Sports Betting – bleachernation.com

<p>For The primary time in its historic previous, Illinois sports activities betting will now permit.......

For The primary time in its historic previous, Illinois sports activities betting will now permit gamblers To place bets on Northwestern College or the College of Illinois.

Illinois legislators recently repealed the ban on wagers being placeed on Illinois schools. To enter regulation, Gov. J.B. Pritzker Ought to signal the invoice. It’s unknown if He’ll Obtain this or not.

Betting on school sports activities has On A daily basis been authorized in Illinois, As prolonged As a Outcome of it didn’t embrace in-state schools.

There are two caveats to the repeal. Illinois regulationmakers famous that wagers on in-state schools can solely be placeed in-particular person at sports activitiesbooks And Will not Supply by way of on-line sports activities betting. Secondly, wagers can solely be placeed on the outcomes of in-state school video games, not on gamers or particular persons Inside the video games.

In-particular person registration deadline set

Additionally embraced Inside the invoice is a deadline for the in-particular person requirement to register for an Illinois on-line sports activities betting account. After March 5, 2022, Illinois gamblers Shall be In a place to register sports activitiesbook accounts on-line by way of The numerous sports activitiesbook apps, not in-particular person at casinos.

As a Outcome of the regulation presently stands, the in-particular person requirement would also expire if An internet-based mostly sports activities betting license is awarded to Educated applicant. However, An internet-based mostly sports activities betting license prices $20 million, which also requires a $1 million annual renewal payment, so it’s unlikely any candidates will bid for a license.

The window to submit bids for An internet-based mostly license opened this, Based on the Illinois Gaming Board. No bids have been made but.

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Source: https://www.bleachernation.com/sports-betting/2021/12/21/illinois-repeals-ban-on-in-state-collegiate-sports-betting/