SB2490 104TH GENERAL ASSEMBLY

LRB104 12032 LNS 22127 b

104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
SB2490

Introduced 2/7/2025, by Sen. Bill Cunningham

SYNOPSIS AS INTRODUCED:

230 ILCS 10/5.5 new

Amends the Illinois Gambling Act. Provides that, if the Illinois Gaming Board is otherwise authorized to issue licenses to conduct Internet gaming, the Board shall not issue a license if the applicant or any of its affiliates is knowingly accepting, directly or indirectly, revenue that is derived from (i) any jurisdiction on the Black List of Money Laundering Countries, as established by the Financial Action Task Force, or (ii) any jurisdiction designated by the United States as a state sponsor of terrorism. Provides that, if at any time during licensure, the Board determines that the licensee or any of its affiliates is knowingly accepting, directly or indirectly, revenue that is derived from any jurisdiction on the Black List of Money Laundering Countries, as established by the Financial Action Task Force, or any jurisdiction designated by the United States as a state sponsor of terrorism, then the Board shall impose a penalty of license revocation if it determines, after notice and an opportunity for hearing, that it would further the public interest to discontinue such operations of the interactive gaming licensee. Effective immediately.

A BILL FOR

AN ACT concerning gaming.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Gambling Act is amended by adding Section 5.5 as follows:

(230 ILCS 10/5.5 new)

Sec. 5.5. Prohibition on licensing of Internet gaming entities conducting business in illegal markets. If the Board is otherwise authorized to issue licenses to conduct Internet gaming, the following shall apply:

(1) The Board shall not approve an interactive gaming licensee to commence operations if the Board determines that the applicant or any of its affiliates, including entities under common control, is knowingly accepting, directly or indirectly, revenue that is derived from:

(A) any jurisdiction on the Black List of Money Laundering Countries, as established by the Financial Action Task Force; or

(B) any jurisdiction designated by the United States as a state sponsor of terrorism.

(2) If at any time during licensure the Board determines that the licensee or any of its affiliates, including entities under common control, is knowingly accepting, directly or indirectly, revenue that is derived from either any jurisdiction on the Black List of Money Laundering Countries, as established by the Financial Action Task Force, or any jurisdiction designated by the United States as a state sponsor of terrorism, the Board shall impose a penalty of license revocation if the Board determines, after notice and an opportunity for hearing, that it would further the public interest to discontinue such operations of the interactive gaming licensee.

Section 99. Effective date. This Act takes effect upon becoming law.