Illinois Senate Bill 690 expands the allowed number of casinos in the state. It came after the state lawmakers passed a bill that made both online and retail sports betting legal. Some industry experts are wondering if online gambling will be the next agenda of the state legislature.
Even when land-based casinos were illegal in Illinois, some entrepreneurs circumvented the rule through riverboat casinos. Also, other forms of gambling are legal in the state, including charitable gambling, video lottery terminals, racing, and racetrack. SB 690 will allow brick-and-mortar casinos, sports betting, and fantasy sports.
According to internet gaming Korea sources, there are around 2,500 lottery stores with betting terminals. The number will likely double. Licensing fees for casinos and racetracks don’t come cheap. Also, they can apply for online sports betting. Having an online sportsbook is crucial for success, considering 80 percent of wagers are made online.
Illinois Senate Bill 690
Online gambling will open the market to a broader market. Many major gambling software providers will want to get their share of the state’s online gambling market. With the passing of SB 690, many industry observers believe that the legalization of online gambling will be next in line.
Most people have a smartphone. As a result, they use it to do most things, including checking their emails, update social media status, and betting. There are many types of gambling you can do online. Aside from point spreads, you can also bet over/under and live in-game wagers. That’s why many people want to know where to gamble online.
When Illinois legalizes online gambling, the state lawmakers must ensure there are safeguards in place. According to sports betting odds makers, casinos can legally have their own online sportsbook in the state. However, they need to pay a $10 million license fee and renew it for $1 million every four years. Also, bookie revenues have a 15 percent tax.