Regulation

Illinois passes betting bill with 18-month ‘penalty box' for online operators

Local casinos and racetracks will be able to apply for licenses straight away but online-only firms will have an 18-month wait and hefty license fee of $20m

Illinois yesterday passed a wide-ranging gambling expansion package bill that legalized online and mobile betting, but limited initial roll-out to local casinos, racetracks and big sports stadiums. Online-only operators will face an 18-month wait after the official launch date to roll out their products. Licenses will also cost $20m, with a maximum of three available…

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