By some forecasts, Illinois could be the second-largest sports betting state in the US after Nevada if California, Florida and Texas don’t sign off on it and if New York doesn’t expand to permit mobile wagering.<\/strong><\/p>\nMore on Phase II<\/h2>\n
IGB’s newly published stipulations also pertain to operator record-keeping, where wagers can be placed, what types of bets can be made, and more.<\/p>\n
\u201cThe phase 2 sports wagering rules govern accounting measures, financial record requirements, commencement of wagering, prohibited wagers, types of events allowed, types of wagers authorized, conduct of wagering, house rules for wagering, internet wagering requirements, sports wagering accounts, responsible gaming limits, reporting prohibited conduct, (and) official league data,\u201d according to the regulatory agency.<\/p>\n
IGB is requesting that operators interested in offering sports betting in the state pay an upfront fee of $10 million.<\/strong> While that’s steep, approved gaming companies that fork over that cash get 18 months of protection from online and mobile rivals, such as DraftKings and FanDuel<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"The Illinois Gaming Board (IGB) on Thursday published Phase II of the rules that will govern sports betting in the Prairie State. But when wagering on games there gets off the ground isn’t yet known. Sports betting was approved as part of broader gaming expansion legislation passed in the state last year. There’s plenty of […]<\/p>\n","protected":false},"author":46,"featured_media":125373,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13592,1074],"tags":[],"acf":[],"yoast_head":"\n
Illinois Releases Sports Betting Rules, but no Date Set for Launch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n