Regulate Fantasy Sports Legalised in Illinois

Legislation on Tuesday was passed allowing people to participate in regulated fantasy sports betting by the Illinois Senate gaming committee.

This would replace the previous advisory that daily fantasy sports betting as illegal under state gambling law. The main objective of this legislation is to generate additional tax revenue for Illinois.

Though, Senate Bill 208 offering protection would regulate by annual audits to ensure the requirements are complied to by the providers such as age restriction of 21 and prohibition of employees of the fantasy contest providers from playing.

Richard Schwartz, president of Rush Street Interactive, a Chicago-based online gaming business, said protections and regulations can be enacted in order to protect players who participate in fantasy sports.

Illinois the third-largest players, with more than 2 million Illinoisans of a total 50 million Americans who participate in fantasy sports contests

Recent Posts and Southampton extend their partnership

Southampton Football Club have announced the extension of its partnership with the Coingaming Group as Main Club Partner. With the…

22 hours ago

Wyoming passes House Bill 133, allowing online sports betting and becomes first state to allow cryptocurrency to fund accounts

This week, Wyoming passed a House Bill that would legalize online sports betting in the state and it joined a…

3 days ago

Media powerhouse David Levy appointed Chairman at Genius Sports

Genius Sports has appointed sports industry pioneer David Levy as its new Chairman. In his new role, Levy will lead…

3 weeks ago

Unibet offering Gamban self exclusion tool to its US players

In a press release this morning, Kindred Group announced that it has partnered with Gamban to offer Unibet’s US customers…

4 weeks ago

UK announces reopening of betting shops; BGC lobby to delay Grand National

With the UK government announcing their roadmap towards ending its restrictions by end of June gradual reopening of businesses. English betting…

2 months ago

Betway to enter US Market

Digital Gaming Corporation (DGC) and Betway have partnered up in an order to set their first steps together in the…

2 months ago