IL SB3432

Creates the Sports Wagering Act allowing sports wagering only after federal prohibition statutes are repealed or ruled unconstitutional by the U.S. Supreme Court, as determined by the Illinois Gaming Board.

Authorizes gaming facilities to offer sports wagering in-person and over the Internet through licensed interactive sports wagering platforms, with platforms paying an initial $10,000 fee and annual $5,000 renewal fees.

Requires sports wagering operators to verify customer age, allow self-exclusion options, conduct employee background checks, and prohibit wagering by operators, employees, athletes, coaches, and sports officials to maintain integrity.

Imposes a 12.5% tax on gross sports wagering revenue, with all revenues deposited into the State Gaming Fund, and requires annual reporting on accounts, wagers, winnings, and player exclusions.

Establishes civil penalties of up to $5,000 per violation (maximum $50,000 per transaction) and amends the Criminal Code to exempt sports wagering conducted under this Act from gambling prohibitions.