IllinoisIllinois bill would repeal fantasy contest rules and exchange wager tax
If enacted, the bill would repeal Illinois’s separate fantasy contest rules and remove a transaction tax on exchange wagers.
What it does
The bill would remove Illinois’s separate rules for fantasy contests, including operator licenses and their related tax. It would also remove the stated exemption from gambling convictions for contests conducted under those rules.
The bill would remove the transaction tax on exchange wagers offered under Illinois’s sports wagering law.
Argument forEnding the separate fantasy contest rules could make it clearer that these contests are treated under the state's general gambling rules.
Argument againstPeople who enter fantasy contests could face gambling penalties because the bill removes the stated protection for qualifying contests.
More detail
The bill would repeal the separate state rules for fantasy contests, including operator licenses and the tax tied to those licenses. This covers fantasy contest operators and participants, including contests previously conducted under Sections 25-120 through 25-120.8. The bill is introduced and would take effect only if it becomes law. The changes would take effect if the bill becomes law; the bill says it takes effect upon becoming law.
The bill would repeal the transaction tax on exchange wagers. The tax applies in the current text to exchange wagers offered under the Sports Wagering Act. The bill is introduced and would take effect only if it becomes law. The repeal would take effect if the bill becomes law.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Oct 2Added Co-Sponsor Rep. Dave SeverinLatest
- Oct 2Added Co-Sponsor Rep. Patrick Sheehan
- Oct 2Added Co-Sponsor Rep. Bradley Fritts
- Oct 2Added Co-Sponsor Rep. Christopher "C.D." Davidsmeyer
- Oct 2Added Co-Sponsor Rep. Ryan Spain
- Oct 2Added Co-Sponsor Rep. Michael J. Coffey, Jr.
- Oct 2Added Co-Sponsor Rep. Jed Davis
- Oct 2Added Co-Sponsor Rep. Brad Halbrook
- Oct 2Added Co-Sponsor Rep. Chris Miller
- Sep 23Added Co-Sponsor Rep. Jackie Haas
- Sep 23Added Co-Sponsor Rep. Martin McLaughlin
- Sep 23Added Co-Sponsor Rep. David Friess
- Sep 23Added Co-Sponsor Rep. Regan Deering
- Sep 23Added Co-Sponsor Rep. Jennifer Sanalitro
- Sep 21Added Co-Sponsor Rep. William E Hauter
- Sep 21Added Co-Sponsor Rep. Nicole La Ha
- Sep 21Added Co-Sponsor Rep. Kyle Moore
- Sep 21Added Co-Sponsor Rep. Kevin Schmidt
- Sep 17Added Co-Sponsor Rep. Steven Reick
- Sep 15Added Co-Sponsor Rep. Tony M. McCombie
- Sep 14Filed with the Clerk by Rep. Travis WeaverIntroduced
Taxes & BudgetPublic SafetyGovernment & Ethics