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Illinois eager to get sports betting revenue

George Miller
March 7, 2019
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Illinois governor J.B. Pritzker is hopeful of getting revenues from the proposed sports-gambling industry to tide over the state’s fiscal worries and Illinois’ budget troubles. The state’s legislators must make sports betting legal in order to cash in from the industry.

Pritzker said during his budget address the state could earn about $200 million from legalised sports gambling licensing.

Pritzker’s proposal has not yet been put into bill form, but he wants to create 20 licenses for in-person or online sports betting, which would be sold for $10 million each, the Chicago Tribune reported. Operators would be charged a $5,000 annual renewal fee.

But in order to get that money, lawmakers must legalise expanded wagering.

 


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Illinois eager to get sports betting revenue

George Miller

George Miller

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

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Expertise & Evolution – More Than Just News

Reaching a vast network of decision-makers, EEGaming.org goes beyond the headlines to deliver high-stakes intelligence and strategic foresight. From the intricacies of European regulations to the rapid evolution of global tech, we provide comprehensive coverage across the verticals that drive the industry:

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