Gambling in the USA

Illinois eager to get sports betting revenue

Published

6 years ago

March 7, 2019

Niji Narayan

Illinois eager to get sports betting revenue

Photo Source: WQAD.com

Reading Time: < 1 minute

Illinois governor J.B. Pritzker is hopeful of getting revenues from the proposed sports-gambling industry to tide over the state’s fiscal worries and Illinois’ budget troubles. The state’s legislators must make sports betting legal in order to cash in from the industry.

Pritzker said during his budget address the state could earn about $200 million from legalised sports gambling licensing.

Pritzker’s proposal has not yet been put into bill form, but he wants to create 20 licenses for in-person or online sports betting, which would be sold for $10 million each, the Chicago Tribune reported. Operators would be charged a $5,000 annual renewal fee.

But in order to get that money, lawmakers must legalise expanded wagering.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.