Illinois’ impending sports betting launch coincides with national Problem Gambling Awareness Month. It also happens to fall in the heart of tax season, and yes, Uncle Sam gets a cut of the action. A copy of the Adopted Rules implementing the Illinois Video Gaming Act, 230 ILCS 40 is available online on the Illinois General Assembly website. The following adopted rule(s) are effective but have not been published in the Illinois Register. The history of gambling in Illinois dates back to the 1920s when the state legalized betting on horse races held at local racetracks. In 1990, the Riverboat Gambling Act made it legal to run commercial casinos as long as they were located on boats operating outside Lake Michigan and counties with populations over three million … Illinois Legal Gambling Guide Read More » Illinois Gambling Laws. There are various gambling laws in Illinois which permit certain types of gambling and forbid others. The Riverboat Gambling Act of 1990 allowed up to 10 casinos to apply for a license to operate legally in the state. Winning while gambling is fun; however, most people agree that paying taxes is the opposite.. If you’re an Illinois resident who wins a jackpot while gambling, unfortunately, the IRS and the state of Illinois will demand its cut of your profit.. Uncle Sam and the Land of Lincoln consider gambling winnings personal income, regardless of how you acquired them. Illinois Gambling Laws: Related Resources. State gaming regulations can change. If you’d like more general information on this topic, you can visit FindLaw’s gaming law section. Or you can contact an Illinois gaming law attorney in your area for a legal consultation regarding gambling. Legal References. Statutory - 230 ILCS 30/1 to 30/15 Regulations - Part 435 Definition. The tax is imposed on the net proceeds of charitable games. Annual license fees are imposed on suppliers and providers of such games. The Illinois Gaming Board (IGB) solicited and received input from the public, the sports wagering industry, and other stakeholders regarding proposed rules and any other comments relevant to the Illinois Sports Wagering Act contained in P.A 101-0031. The 30 day public comment period closed on September 27, 2019. Article 29 Sect. 28-1 of the State Statutes gives a brief description of Illinois’ take on online gambling: “ … knowingly establishes, maintains, or operates an Internet site that permits a person to play a game of chance or skill for money or other thing of value by means of the Internet or to make a wager upon the result of any game Gambling is generally prohibited in Illinois, unless it falls under one of the exceptions specified in Article 28-1 of the Illinois Criminal Code. Article 28 sets forth a broad definition of what constitutes a gambling offence.
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