SB2478 Summary: Sports Betting Consumer Protection Act

• Creates the Sports Betting Consumer Protection Act authorizing a designated state agency to adopt rules prohibiting or authorizing sports betting and electronic sports betting through various platforms and accounts.

• Allows the state agency to require sports betting licensees to report sports betting adjusted gross receipts (total cash received minus winnings paid to patrons).

• Exempts authorized sports betting activities under the Act from gambling offenses in the Criminal Code of 2012 by adding a new exception to Section 28-1.

• Amends Section 28-3 to exclude gambling places authorized under the Sports Betting Consumer Protection Act from criminal penalties, alongside existing exceptions for riverboat gambling and video gaming.

• Establishes legislative intent to either clearly prohibit sports betting or legalize and regulate it with consumer protections (including age restrictions and problem gambler assistance) in anticipation of potential federal legal changes regarding sports betting.