Synopsis of Bill as introduced:
Amends the Riverboat Gambling Act. Makes a technical change in
the Section concerning the annual report of the Board.
FISCAL NOTE, H-AM 1 (Illinois Gaming Board)
Passage of this bill would clearly reduce the amount wagered
and the amount of gaming tax revenue taken in by the State.
There would likely be both immediate and long term reductions
in wagering and State revenue. The magnitude of this reduction
is impossible to predict; however, we would estimate it to
be 20% or more. Each 1% reduction in adjusted gross receipts
(AGR) reduces wagering tax revenue by approximately $3 million
on an annual basis.
HOUSE AMENDMENT NO. 1.
Deletes reference to:
230 ILCS 10/16
Adds reference to:
230 ILCS 10/11 from Ch. 120, par. 2411
Deletes everything. Amends the Riverboat Gambling Act. Prohibits
installation of terminals accepting certain access devices for
electronic funds transfer and prohibits check cashing and issuing
warrants or coupons redeemable for cash.
Last action on Bill: SESSION SINE DIE
Last action date: 01-01-09
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0
END OF INQUIRY
Full Text Bill Status