IL HB4178

Amends the Illinois Gambling Act to modify reconciliation payment calculations for casino licensees authorized under subsection (e-5)

Requires each licensee to pay a $15,000,000 reconciliation fee upon issuance of an owners license

Mandates a reconciliation payment 3 years after operations begin, calculated as 75% of adjusted gross receipts from the most lucrative consecutive 12-month period

Allows licensees to deduct from the reconciliation payment both the initial payment per gaming position and the $15,000,000 reconciliation fee already paid

Specifies that if the calculation results in a negative amount, the licensee receives no reimbursement of fees previously paid