Legal Online Casino Gambling Illinois Update: Illinois Online Casino Gambling Bill HB314 Submitted

Illinois Legal Online Casino Update. Online Casino Gambling Bill HB314 Submitted and could see legal iGaming in in four months.

Illinois online casino gambling bill HB314 was submitted by State Representative Bob Rita on February 19, 2021. It could also pave the way for legal online casino gambling in Illinois.

The bill would allow legal Illinois iGaming and legal Illinois Poker. Approved operators will be eligible to take bets online in the same way that Illinois currently allows legal sports betting.

Playing at casinos online is still illegal in the state of Illinois. Online betting is doing well but there haven’t been any notable changes with casino sites. You can however play lottery games online.

Sports Betting

Sports wagering has been legal in Illinois for over a year. The recent COVID pandemic brought sports betting online for residents of The Praire State.

This has boosted the Illinois sports betting revenues hugely. The knock on effect is an increase in tax revenue for the state. In December sports betting brought in $12.3 million in tax revenue for Illinois and iGaming could increase that exponentially.

Some sportsbooks available in the state are:

1

Bonus up to:
$1,025
$25 Free Play and $1,000 Deposit Match Bonus
* New customers only. 100% match on first deposit.

3 games

4.8 rating

4.8

Play Now Read More

2

Bonus up to:
$2,000
$2,000 Deposit Match Bonus
* New customers only. 100% match on first deposit.

4 games

4.3 rating

4.3

Play Now Read More

3

Bonus of:
$500
Get $500 Back on Net Losses in First 24 Hours
* New customers only. Get 100% of net losses back.

2 games

4.3 rating

4.3

Play Now Read More

Illinois Legal Online Casino Gambling

The recent figures from Michigan showing that online casino revenues dwarfed those from sports betting, due to different bonusing structures for different products. It is thought that legal online casino gambling could help to fill a $2 billion revenue deficit in the Illinois budget.This has been caused by COVID, with a proposed tax rate of 12% on all iGaming revenues.

The plans for legal online casinos in Illinois suggest a $500,000 initial license fee, which would allow each license holding betting venue (casinos or retail properties) to offer three online slots for operators.

This is similar to Pennsylvania, although the cost of entry is significantly lower. Pennsylvania has seen significant benefits as a result of legalization. There are currently 10 casinos and 3 racetracks in Illinois, which would allow for 39 licensed online casino operators.

The HB314 bill is focused on fast-tracking online casino gambling in Illinois and states that the Illinois Gaming Control Board would have just 90 days to prepare and issue licenses and operators could begin accepting bets within 30 days of receiving approval.

This means that Illinois legal online casino gambling could be live just 4 months from the bill passing. This is reliant on if Governor Pritzker chooses too.

The proposed legal betting age in Illinois is to be set at 21, which is the same as other legal online casino states such as New Jersey and Michigan. Most recently, Colorado sports betting has become one to add to the list.

Current Legislation

Illinois is one of just three states having laws in place that might result in the legalisation of internet casinos by 2023.

In particular, there are currently laws pending in New York and New Hampshire that might legalise iGaming in both states in 2023.

Four states now provide legitimate internet casinos:

• New Jersey
• Michigan
• Pennsylvania
• West Virginia

Will The State Have Casino Apps?

Most definitely. A wide range of mobile casino apps would quickly appear, if Illinois decides to legalise online casino gaming at some point. Online casino applications are becoming more and more common for online gambling and offer a cleaner, on-the-go version of the online casino site, as we have seen in New Jersey.

As soon as the product was prepared for release, any land-based casinos who collaborate with operators like Caesars or 888 online casino will release a mobile app. If that occurs, players will have a wide range of alternatives, so it will be crucial to do some research and discover the mobile casino app that suits you best in terms of interface and selection of games.

Likely Casino Bonus Offers

f legalised, Illinois casinos and online gambling would offer a number of benefits to customers. For new accounts, all of the top online casino sites provide a choice of incentives and promos. Players should absolutely take advantage of this fantastic reward while registering for various online casinos.

Some websites may match players’ deposits up to $500. This implies that if you make a $500 first deposit, the casino will also put $500 into your account, thus doubling your initial investment. Some of these bonuses include a play-through requirement, which means you must make a particular number of wagers before you can spend the extra money.

There are also no deposit bonuses likely, as well as free spins and even refer a friend bonuses!

Likely Oppositions

The fact that Illinois has the most profitable video gambling terminal market in the nation makes legalising internet casinos there more difficult.

In Illinois alone, there are over 8,200 sites with 44,000 VGT units. And VGTs are now Illinois’ leading income-generating gambling type. This is outpacing retail casinos in terms of yearly tax revenue, which is swiftly nearing $1 billion.

Furthermore, the numerous small companies in the state that rely on VGT revenue are not going to hand over their market share to internet casinos without a battle or significant compensation.

We hope this wont have too much impact and online Casino gambling will hit the state soon!