House Sponsors: LYONS,JOSEPH. Senate Sponsors: WEAVER,S-HENDON Short description: RIVERBOAT ACT-TECHNICAL 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 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status