SB2723Introduced in the Senate
GAMBLING-OWNERS LICENSES
Introduced by William Cunningham, District 18
What does this bill do?
Plain-English breakdown
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Official description
Amends the Illinois Gambling Act. Provides that each licensee shall make a reconciliation payment 3 years after the date the licensee begins operating in an amount equal to 75% of the adjusted gross receipts for the most lucrative consecutive 12-month period of operations, minus an amount equal to (i) the initial payment per gaming position paid by the specific licensee and (ii) the $15,000,000 reconciliation fee.
Where it stands
Rule 3-9(a) / Re-referred to Assignments
May 22, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Filed with Secretary by Sen. Bill Cunningham
First Reading
Referred to Assignments
Added as Chief Co-Sponsor Sen. Dave Syverson
Assigned to Executive
To Gaming, Wagering, and Racing
Rule 2-10 Committee Deadline Established As March 27, 2026
Rule 2-10 Committee Deadline Established As April 24, 2026
Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026
Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026
Rule 3-9(a) / Re-referred to Assignments
Rule 3-9(a) / Re-referred to Assignments
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