Full Text of SR0303 102nd General Assembly
SR0303 102ND GENERAL ASSEMBLY |
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| 1 | | SENATE RESOLUTION
| 2 | | WHEREAS, COVID-19 created unprecedented circumstances that | 3 | | changed the lives of all Illinoisans; and
| 4 | | WHEREAS, Changes in consumer behavior are likely to | 5 | | continue after the virus has run its course; and
| 6 | | WHEREAS, The COVID-19 pandemic made many Illinoisans wary | 7 | | of leaving their homes for nonessential activities and forced | 8 | | many casinos to close their doors for the safety of their | 9 | | patrons and employees; and
| 10 | | WHEREAS, Internet gaming is partially immune to pandemics | 11 | | due to the remote nature of this type of gaming; and | 12 | | WHEREAS, States with legal and available internet gaming, | 13 | | such as New Jersey, Pennsylvania, and Delaware, were able to | 14 | | generate revenue during the COVID-19 pandemic; and
| 15 | | WHEREAS, Nationwide, in the few states that offer it, | 16 | | internet gaming earned approximately $402.7 million in gross | 17 | | gaming revenue during the second quarter of 2020, a more | 18 | | productive quarter than national sports betting operations | 19 | | have had to date, according to the American Gaming | 20 | | Association; and
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| 1 | | WHEREAS, An internet gaming law in Illinois that permits | 2 | | online table games, slots, and poker with consumer safeguards, | 3 | | a privilege tax on the adjusted gross gaming revenue wagered | 4 | | on internet gaming platforms, and licensing fees has the | 5 | | potential to increase revenue to the State during the COVID-19 | 6 | | pandemic; therefore, be it
| 7 | | RESOLVED, BY THE SENATE OF THE ONE HUNDRED SECOND GENERAL | 8 | | ASSEMBLY OF THE STATE OF ILLINOIS, that on or before October 1, | 9 | | 2021 the Commission on Government Forecasting and | 10 | | Accountability is urged to deliver a report to the Illinois | 11 | | Senate that includes, at a minimum, detailed estimates of the | 12 | | revenue that could have been generated through a privilege tax | 13 | | if Illinois had implemented internet gaming beginning February | 14 | | 28, 2020; and be it further | 15 | | RESOLVED, The report should include, at a minimum, | 16 | | estimates of revenue that could be generated with a privilege | 17 | | tax imposed on the adjusted gross gaming revenue wagered on | 18 | | internet gaming platforms at the following rates: | 19 | | (a) 12%; | 20 | | (b) 15%; | 21 | | (c) 16%; and | 22 | | (d) 15% of the adjusted gross revenue up to and | 23 | | including $25 million and 20% of the adjusted gross |
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| 1 | | revenue in excess of $25 million; and be it further
| 2 | | RESOLVED, That the definition of adjusted gross revenue | 3 | | used in the report should include the total of all sums | 4 | | actually received by an Internet gaming licensee from Internet | 5 | | gaming operations excluding free play and any promotional | 6 | | credits, less the total of all sums actually paid out as | 7 | | winnings to patrons, which includes the cash equivalent of any | 8 | | merchandise or thing of value awarded as a prize; and be it | 9 | | further | 10 | | RESOLVED, That the report should provide additional | 11 | | revenue estimates where the definition of adjusted gross | 12 | | revenue excludes the dollar amount of non-cashable vouchers, | 13 | | coupons, or promotions redeemed by participants on an Internet | 14 | | gaming platform; and be it further | 15 | | RESOLVED, That a suitable copy of this resolution be | 16 | | delivered to the Commission on Government Forecasting and | 17 | | Accountability.
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