IL SB2723

Amends the Illinois Gambling Act to restructure 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, minus the initial payment per gaming position and the $15,000,000 reconciliation fee

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

Allows reconciliation payments to be made in installments over a period of no more than 6 years, with funds deposited into the Rebuild Illinois Projects Fund