SB2723 - 104th General Assembly (2025-2026)

GAMBLING-OWNERS LICENSES
Last Action
10/28/2025 - Senate: Referred to Assignments
Statutes Amended In Order of Appearance
230 ILCS 10/7  from Ch. 120, par. 2407
Synopsis As Introduced
Amends the Illinois Gambling Act. Provides that each licensee shall make a reconciliation payment 3 years after the date the licensee begins operating in an amount equal to 75% of the adjusted gross receipts for the most lucrative consecutive 12-month period of operations, minus an amount equal to (i) the initial payment per gaming position paid by the specific licensee and (ii) the $15,000,000 reconciliation fee.
Actions
DateChamberAction
10/28/2025SenateFiled with Secretary by Sen. Bill Cunningham
10/28/2025SenateFirst Reading
10/28/2025SenateReferred to Assignments
10/28/2025SenateAdded as Chief Co-Sponsor Sen. Dave Syverson