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Illinois lawmaker proposes repealing exchange wager and fantasy contest taxes

Regulation

Illinois Representative Travis Weaver introduced HB5814 in the 104th General Assembly, proposing changes to sports wagering and fantasy contest rules. The bill would remove the exchange wager transaction tax and fantasy contest licensing framework, while leaving the main sports wagering tax structure unchanged; it would take effect immediately if enacted.

Operators and fantasy contest businesses could face changes to tax and licensing rules if the bill becomes law.

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Regulation

Illinois Gaming Board proposes self-exclusion checks for video gaming terminals

The Illinois Gaming Board proposed rules to extend self-exclusion checks to the state’s nearly 50,000 video gaming terminals, according to the report. The proposed system would require players to verify their identity when obtaining vouchers or opening an account, and operators would need to offer account holders responsible-gambling limits, including self-exclusion.

The Illinois Gaming Board put forward new rules on Thursday, a news report said. Those rules are meant to extend self-exclusion prerequisites to nearly 50,000 machines across the state. The report said the state's video gambling terminals form the largest such network in the world, and self-exclusion does not currently apply to it.

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