Illinois launches second phase of sports betting rules

The Illinois Gaming Board has released the phase two rules for sports betting, setting out the technical regulations and operating requirements for wagering in the state. 

The phase two rules cover every element required for licensees to launch sports betting in the state. These range from accounting measures and financial record requirements to authorized types of bets, internet wagering requirements and responsible gaming controls. 

While these have not yet been filed with the Secretary of State, and are therefore subject to non-substantive changes, they state that official league data must be made available on commercially reasonable terms, and via a licensed data provider.

Operators must provide voluntary limit-setting controls for customers, covering the type of wager placed, the frequency of activity, the ability to cap spending, and the option to completely exclude themselves from gambling. 

It confirms that betting on minor league or Illinois-based collegiate teams will be banned, including parlay bets and fantasy sports. 

While the exact list of authorised betting events are not included, master sports wagering licensees will be able to submit written requests to the Gaming Board to for permission to offer odds on an events.

The phase one rules, published in December 2019, set out the eligibility criteria for licenses, covering master wagering permits, management service, supplier, data supplier and occupational licences.

Read the full story on iGB North America.