Illinois House Executive Committee Considers Online Poker Plan

Springfield, Illinois — June 27, 2017 — Illinois lawmakers will discuss the state’s online casino games bill at a hearing on Tuesday.

The measure will be considered in the House Executive Committee, as the bill cleared the Senate by a 42-10 vote about three weeks ago. The legislation is sponsored in the House by Rep. Michael Zalewski, and in the other legislative chamber by Senators Kwame Raoul, Dave Syverson, Steve Stadelman, Pat McGuire and Napoleon Harris.

The bill, HB 479, was introduced in January, but it wasn’t initially expected to have much momentum in 2017. The Poker Players Alliance said it will testify in support of the measure at Tuesday’s meeting.

An estimated $300 million in revenue could be generated by the games.

The Division of Internet Gaming would be created within the Illinois Gaming Board, and it would be tasked with issuing the five-year licenses. An internet gaming licensee would be limited to two brands. Licenses would cost $10 million and would be an advance payment of taxes, which would be 15 percent of revenue.

Online poker in Illinois could provide a big boost to live games. Through the first three months of 2017, the Illinois poker market was $3.34 million, down about nine percent compared to the $3.68 million raked during the same period last year.

There are about 40 poker tables in the state.

According to the bill, lawmakers have found “that Illinois residents participate in illegal online gambling on unregulated Internet websites operated by offshore operators who are not subject to regulation or taxation in the United States.”


Share on Facebook0Tweet about this on Twitter0Pin on Pinterest0Share on Google+0Share on LinkedIn0Digg this

Leave a Reply

Your email address will not be published. Required fields are marked *

The White House isn't at war with leaks. It's at war with basic transparency.

Washington Post - 30 minutes ago
Two incidents over the past 24 hours have made...

The Health 202: Republicans look to chop off just one of Obamacare's three legs

Washington Post - 39 minutes ago
THE PROGNOSIS. Senate Republican Conference...

Allies Warn Trump of Conservative Revolt Unless He Backs Off Sessions

New York Times - 2 hours ago
Attorney General Jeff Sessions boarded a plane...

Trump Says Transgender People Will Not Be Allowed in the Military

New York Times - 3 hours ago
In a move that caught many in Washington by...

'Aggressive thrill' ride at Ohio State Fair snaps in mid-air, killing one and injuring seven

Washington Post - 4 hours ago
When Travis and Mitch Taylor climbed from their...

News via Google. See more news like this