IL SB3706

Beginning July 2024, the Illinois Gaming Board shall certify monthly tax revenues from sports wagering operations to the State Comptroller for eligible municipalities.

Eligible municipalities include those with populations between 5,000 and 500,000, municipalities under 5,000 with a police pension fund under the Downstate Police Article, and municipalities designated as financially distressed cities.

Certified amounts include wagers placed by digital geolocation within the municipality and wagers made at physical locations within the municipality.

The State Comptroller and Treasurer shall transfer 5% of certified tax revenues from the Sports Wagering Fund to each eligible municipality as soon after certification as practicable.

Municipalities receiving funds must use the moneys for general corporate purposes.