SB 2276

Abstract

Amends the Sports Wagering Act in provisions concerning the Lottery sports wagering pilot program. Provides that the Department of the Lottery shall establish and publish the rules and procedures for the competitive bid process in issuing the central system provider license. Requires the winning bidder to pay no less than $10,000,000 (rather than paying $20,000,000) for the central system provider license. Allows the Department to choose whether to receive the payment in a lump sum immediately upon issuing the license or to receive partial payments over a period not to exceed one year. Requires the money to be deposited into the State Lottery Fund. Allows the Department to use up to $5,000,000 of the amount for costs of development and administration related to the Lottery sports wagering pilot program. Provides that the remainder shall be transferred to the Rebuild Illinois Projects Fund. Provides that sports lottery terminals may be placed in no more than 2,500 Lottery retail locations in the State in any one given year of the sports wagering pilot program (rather than during the first 360 days after the effective date of Public Act 101-31). Provides that the total number of retail locations of the Lottery sports wagering pilot program shall not exceed 5,000 after initial implementation of the Lottery sports wagering pilot program. Provides that the privilege tax due for Lottery sports wagering shall be transferred to the Capital Projects Fund on the last day of each month (rather than the 15th day of each month). Extends the repeal date of provisions concerning the Lottery sports wagering pilot program from January 1, 2024 to July 1, 2025. Makes other and conforming changes. Effective immediately.