IL HB5077

Allows licensees to offer interstate pool sports wagering where Illinois patrons compete against patrons in other states, with adjusted gross receipts calculated proportionally based on wagers placed in Illinois

Changes master sports wagering license structure from a competitive process with 3 licenses at $20 million each to an open application system with a $250,000 application fee and $15 million initial license fee, valid for 4 years with $1 million renewal fees

Establishes Illinois Gaming Board regulation of fantasy contest operators, requiring licenses with fees of $500 (for operators with 7,500 or fewer active patrons) or $7,500 (for operators with more than 7,500 patrons)

Imposes a 15% privilege tax on fantasy contest operators' adjusted gross fantasy contest receipts beginning July 1, 2026, and sets minimum age of 21 for fantasy contest participation

Grants the Illinois Gaming Board emergency rulemaking authority to implement fantasy contest regulations, with this authority expiring one year after the bill's effective date