The Illinois Internet Gaming Act Will Wait Till 2022

By John Isaac,
Editor at online-gambling.com

John Isaac Editor at online-gambling.com

John Isaac is an editor with many years of experience in the gambling industry. He writes expert articles on card games like blackjack and poker. In addition, he is also well aware of the US gambling laws and the Indian and Dutch gambling markets. You can rely on verified information and insightful details.

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Last updated: November 1, 2021

The Illinois Legislature is working again after it was shut down for a short period of time. The Senate and House of Representatives met again a few days ago for a six-day meeting with veto power over two three-day blocks.

This session, which usually follows shortly in November, is considered the ultimate hope for the Internet Gambling Act (IGA) in 2021. A bill supported by House Representative Robert Rita and Senator Cristina Castro in the Senate if the existing bill expands the state’s retail and online sports betting markets, including online casinos and poker.

Unfortunately, the state seems to be at least shooting this game. Upon learning of the final veto date, Online Poker record contacted Senator Castro to request if they can assume the effort to maintain. On Wednesday morning, they received a short response from Maggie Lenkart, a Senate Democratic Communications Fellow.

Online gambling laws are unlikely to be enacted as part of this veto, but he remains determined to work with participants to bring iGaming to Illinois.

Alternatively, lawmakers will tackle other problems, for example, a constituency reshuffle and a possible repeal of the suspect abortion act.

It does not mean that the law is expired, but it is temporarily suspended. The Illinois parliament operates on a 2 year period, and 2021 is only the initial time of the 102nd General Assembly. It means that the Illinois General Assembly will yet be discussed at the next parliamentary meeting in the 2nd week of January.

IGA Caused a Lot of Buzz

It is regrettable as it is entirely possible that the Illinois online casino law is not enacted this year, and the state is not to blame. IGA caused a lot of buzz when it initially came out.

First, it is a large state with a population only slightly smaller than that of Pennsylvania. The second is by far the largest state that has yet to approve online betting. However, sports betting in Illinois works fairly well. Currently, market coverage has reached almost $ 6 billion, revenue has exceeded $ 460 million, and taxes have been nearly $ 72 million. It is also estimated that Illinois could top $5 billion by 2023 in sports betting revenue.

The law itself is excellent. First, Illinois needs to launch iGaming as soon as possible. Instruct the Illinois Gaming Council to do this with emergency rules and set tight deadlines. It also asked the council to follow the laws of other states as much as possible instead of recreating. It is significant in an enterprise where government law often leads to discrepancy and confusion.

Will There Be 2022? Most Likely Not

As the first term expired this spring, the Senate has called for an investigation into the possible tax incomes that online casinos will bring. 1st October was the due date for this report. It is one of the causes this issue will be raised at the veto meeting in the fall.

Even if it doesn’t, the inquire is complete. Indeed, July came much earlier than expected. Based on the tax structure, he expects the yearly tax income of online casinos in Illinois at between $ 75M and $ 230M. The lows are also considerably higher than what sports gambling is now offering.