Amended Sports Betting Bill in Illinois
As more states continue to join the rally that seeks approval on sports gambling, Illinois is pushing a newly created proposal that is set to slightly amplify the marginal selection of the current legalized sports spectrum. Currently, official approval to legalize sports betting on collegiate sports teams has been filed and awaits a signature from Governor J.B. Pritzker. His expected deliberation on the matter is being considered as one of the first steps in opening the state to further sports gambling dynamics.
It was on Thursday that lawmakers rephrased and defined the specifics of the betting bill to ratify it as official and classified it as ready for the Governor’s review. Legislators claim that by taking down all bans on collegiate sports betting, the state government could ultimately channel sports betting tax revenues to address many of the state’s current matters.
The state senate has ratified its perspective and will take on the bill. Amendment 2 to House Bill 3136 was widely favored by the Senate, resulting in a 44-12 vote along with the House voting 100-11 to approve. From a solely political perspective, it’s fair to say the state government is progressively adopting the nation’s sudden urge to favor and welcome different types of sports gambling.
Potential State Benefits Are More than Evident
Since the ratification of sports gambling in 2020, Illinois has evidenced major flows of capital that have overwhelmed the industry and the businesses behind it. So far, it has been estimated that approximately $950 million have been placed on bets and wagers by local state citizens on different sporting dynamics that exclude the state’s very own collegiate teams.
According to Representative Mike Zalewski, who supports the amendment, the government is simply missing out on further potential income generators. By ratifying Amendment 2, Zalewski claims that Illinois would be able to keep some degree of wagering that appears to be leaking over to bordering states.
Zalewski added that the state is more than capable not only of offering some of the top business solutions to the industry but remains fully committed to regulating each aspect of the business so that it complies with state legislative frameworks.
Online Wagering to Become Functional in 2022
Amendment 2 goes as far as defining what the future potential of online wagering might look like in the state. The bill would grant bettors the opportunity to register and take part in gambling activities through sportsbooks starting on March 5, 2022. This would also allow bettors to process their registrations via their mobile and desktop devices without the need for any in-person formalities.
With very subtle wording and a reasonable time-frame proposal, Amendment 2 could potentially redraw the betting grid as it currently stands in Illinois. Zalewski added that many state governments have moved past frowning upon a practice that represents another form of business that’s already taking place nationwide.
Missing out on millions in tax revenue, claims Zalewski, would be a true shame as the state pushes for more social reforms and programs that could be propelled by additional state-generated funding.