Large-scale gambling expansion bill approved in Illinois

Illinois is gearing up for sports betting and new casinos.

Over the weekend, the Senate and Senate in Prairie passed Senate Bill 690, which is currently awaiting Governor JB Pritzker’s signature. In addition to the 10 casinos that already exist in Illinois, the bill will establish six new casinos in Walken, Rockford, Danville, South Suburbs, Williamson County, and downtown Chicago. It will grant sports betting licenses to locations that can seat an additional 17,000 people. In addition, the bill will give O’Hare and Midway airports the ability to implement slot machines, and two racetracks will be added, adding a total of five racetracks.

After the bill passed the House, Governor Pritzker seems very optimistic: 파친코

“Legalizing sports betting and expanding the game will create jobs both in and out of the state, from Rockford to Chicago to Walker Bluff, where job-hungry communities will see 10,000 new jobs,” he said in a statement. “After the Supreme Court legalized sports betting, I promised Illinois residents that sports betting will be a key component of my legislative agenda, so that I can compete with neighboring states and generate more revenue for the communities around Illinois.

“Game expansion in the state has been tried and failed for years. This effort has been successful thanks to leaders Terry Rink and Tony Munoz and talented and dedicated civil servants like Representatives Bob Rita and Mike Zalewski. Today is a win for the whole state.”

Pritzker wasn’t the only one who showed great support for SB 690. Jefferies Corp’s Equity analyst David Katz referred to the bill as “the most important game liberalization in the United States for more than a decade.”

“It presents a range of potential outcomes for businesses and is a fairly positive catalyst for equipment suppliers,” Katz added in a report released Monday morning. “With incremental competition expected in the future, the breadth of the expansion now poses questions and challenges for businesses, potentially offset by incentives to build land-based properties and increase gaming capacity. In short, the competitive environment becomes significantly more complex within Illinois and at every turn.”

Rivers Casino owner Rush Street Interactive was also pleased with the news this weekend.

“Thanks to Governor Pritzker’s leadership and the weekend overtime that the General Assembly submitted, we are thrilled to see that we can make history by legalizing sports betting and introducing our innovative, award-winning mobile platform to Illinois,” Rush Street Interactive President Richard Schwartz said in a statement. “Last week, we made history for the first time in Pennsylvania to launch an online sportsbook. We look forward to bringing the same top quality, award-winning products and services to the athletes in Illinois where we are based.”

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