For months, lawmakers in Illinois have been working to expand the state’s gambling industry. New casino and sports betting options in Illinois are becoming available. According to new reports, this state’s first sportsbooks are set to launch this month.
It’s exciting news for sports fans here. Today, we’re going to look at what new gambling options are coming here. We’ll also discuss when Illinois’ sportsbooks will finally launch.
Let’s get into it!
Illinois Lawmakers Push For Gambling Expansion
A huge number of states around the country are currently working to expand their gambling industries. Much of this process began after the Supreme Court decided to remove PASPA. Doing so gave every state the ability to set its own laws on sports gambling.
This led to many states changing their set of gambling laws. Lawmakers began to realize how much money could be earned from this industry. Within just months of PASPA being removed, New Jersey and Delaware already had their sports betting options up and running.
States began looking into new casino regulations, as well. This includes Illinois. Back in June, officials in this state presented a new capital plan that allows for five new casinos to open up.
This includes a casino in Chicago. Officials immediately began looking at sites for this new venue. Unfortunately, the tax structure set for the Chicago casino was unusually high and kept many companies from wanting to enter into this city.
Within the next few years, several new casinos will officially begin operating in this city. Now, reports indicate that sports betting options in Illinois are set to launch in the coming days.
Sports Betting Options in Illinois Will Become Available For March Madness
The NCAA Men’s Basketball Tournament, also known as March Madness, is one of the most-watched sporting events in the country. It draws in millions of spectators to watch the top collegiate teams compete for the championship. Unsurprisingly, it’s also one of the sporting events that draws in a huge number of bets.
It seems like officials in Illinois want to take a piece of the revenue that will be wagered on the tournament. According to the Chicago Tribune, the first sports betting options in Illinois will officially become available in time for March Madness. The Illinois Gaming Board approved a sportsbook to open at Rivers Casino on Monday.
Dan Nita, regional president of Caesars Entertainment, parent of an Illinois casino called Horseshoe Hammond, spoke about how this may affect the state’s gambling industry.
“Obviously, just from a pure supply and demand standpoint, that will definitely have some degree of impact in guests having more choices,” he said.
Illinois will officially become the 15th state to have live, regulated sports betting. We’ll need to wait and see how successful the industry is here.
Chicago Casino is Still at a Standstill
Illinois has gradually become a popular gambling destination. There are many casinos spread around the state, many of which offer a huge range of different games. Under the new capital plan, five new casinos will open in different parts of the state.
As we already mentioned, a casino-resort will open in Chicago. At first, many predicted this would be one of the most successful gambling venues in the midwest. Unfortunately, lawmakers have set unusually high tax rates for the casino, forcing many gambling operators to turn their heads away.
Mayor Lori Lightfoot continues to push for this casino to open. She believes it will help to bring the city and state valuable revenue. Unfortunately, this property remains at a standstill.
In other parts of the state, casino plans are coming together. It’s beginning to look like Rockford and Waukegan will soon welcome new properties.
Sports betting options in Illinois are launching in just a few days. It will be interesting to see the state’s gambling industry expand as a result. Make sure to stay tuned for updates over the next couple of months!