Illinois Aims to Legalize iGaming by 2025 Amid Economic Prospects
The Essentials in Brief
Illinois aims to legalize iGaming by 2025, joining the seven US states that already allow licensed online casinos on mobile and web platforms. Despite previous setbacks, Representative Edgar Gonzalez Jr. is determined to introduce a new bill. Together with Senator Cristina Castro, renewed efforts are being made to unlock the benefits of regulated iGaming in Illinois.
Legislative Efforts and Challenges
In February 2023, Gonzalez presented House Bill 2239, which aimed to legalize online casinos in Illinois, but encountered significant obstacles. Similarly, Senate Bill 1565 by Senator Castro faced hurdles. Both proposals stipulate that licensed internet casino operators may run up to three “skins” and must pay a tax of 15% on gross gaming revenue (GGR). This strategy follows successful examples from other states where iGaming is already regulated.
Optimism for the Future
Despite previous difficulties, Gonzalez and Castro are confident in reintroducing their proposals once the Illinois General Assembly reconvenes in January. They believe that Illinois can soon reap the financial benefits of regulated iGaming by continuing to mobilize support and advocate for their cause.
Our Assessment
The efforts of Gonzalez and Castro to legalize iGaming in Illinois reflect the growing trend in the US to regulate online gambling. Although they have faced challenges so far, their persistence could put Illinois on the list of states benefiting from the economic advantages of regulated online casinos. The planned taxes and licenses could not only benefit the state budget, but also create a safe and regulated environment for players. It remains to be seen how the legislation will develop, but the prospects for iGaming in Illinois are undoubtedly promising.
Sources
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