More Illinois Casinos Applying For Sports Betting Licenses

along with Gov. J. Since B. Pritzker legalized sports betting in Illinois last summer, more neighborhood games have submitted applications for licenses in the hopes of receiving bets immediately.

The Chicago Sun Times reported that Rivers Casino in Des Plaines, the Grand Victoria Casino at Elgin, and the Argosy Casino Alton were granted temporary certificates in January. This allows them to get their businesses ready for initiating conflict and taking bets on sports events. Furthermore, Fairmount Park Racetrack in Collinsville applied for a passport in February.

Just last week, three more games were granted momentary sports betting certificates.

Three more games you get ready to offer sports betting that is officially legal.

As reported by the Chicago Sun Times, the Illinois Gaming Board has issued temporary sports betting certificates to the Hollywood Casinos in Aurora and Joliet, and the Par-A-Dice Hotel and Casino in East Peoria on February 27.

This happens before the NCAA Men’s basketball tournament, also known as March Madness, which is one of the largest sports events of the year, especially for sports betting. In February, Governor Pritzker stated that he expects the sports gambling industry to kick off before the tournament begins.

The Chicago Sun Times has reported that only Argosy Casino Alton has announced a March Madness build. However, professionals at Rivers Casino have expressed a positive outlook about being ready on time for the competition.

In addition to the three horse racing tracks and up to seven sports venues including the United Center, all ten games in Illinois are eligible to apply to open casinos. Furthermore, these casinos can develop mobile sports betting apps. However, under Illinois law, online bookmakers such as DraftKings and FanDuel are restricted from applying for licenses for more than a month.

 

Is it possible to launch in March?

For some time now, the projected launch date for sports betting in Illinois has been March. Now that it’s early March, is this target date really achievable?

Recently, Cory Aronovitz, an experienced entertainment lawyer from Casino Law Group in Chicago, Illinois, sent an email to PlayUSA expressing his optimism.

“Managing expectations is crucial, especially when the product is in demand,” says Aronovitz. “Hence, specific dates and contingencies are ideal.”

Rivers Casino Des Plaines, Grand Victoria Casino Elgin, and Argosy Casino Alton are the three games most likely to be the second ones to open.

“These properties have all had exposure to sports betting, and the software has been trialed and implemented in various other markets. It has also been modified to comply with specific Illinois regulations,” Aronovitz explained.

The sportsbooks must undergo thorough testing on domestic power systems, gambling software, and other compliance operations as dictated by emergency rules before they can become operational.

Joe Miller, the Illinois Gaming Board’s policy director, informed Legal Sports Report that they have provided the casinos with the necessary tools and it’s now up to them to complete the job.

Miller states that casinos are eager to comply with the regulations and offer their customers the opportunity to bet on sports, according to LSR.

 

Illinois and gambling complement each other like PB & amp.

Illinois, having a larger number of video gaming terminals (VGT) than Las Vegas, is rich in gambling experience. In 2019, Illinois amassed $444,384,459 in gaming terminal fees. A report from the IGB stated that towns collectively gathered a total of $83,833,498.

According to certain projections, the state could have an annual sports betting handle of $5.3 billion by 2023.

Given the already established gambling scene in the state, legalizing sports betting will not only bolster the economy but also position Illinois as the Midwest’s gambling powerhouse.