Major Sports Wagering Proposals Introduced

Illinoisans could see new solicitations to bet money soon, this time on sporting events such as football and basketball games. The proposed Sports Wagering Act, introduced in the Illinois House as HB 3308, would govern the legalized and regulated bookmaking of bets on sports games and contests. Amendments to HB 3308, introduced in the Illinois House on Thursday, March 21, describe how sports betting would be legalized, regulated and taxed in Illinois. These amendments could be discussed in the Illinois House and its Committee on Revenue & Finance next week. Opponents are concerned about how sports betting could potentially spur compulsive gambling, and could entangle young adults who themselves play sports into the betting business. Other states, led by Nevada and New Jersey, have already legalized sports betting.

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