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Can you summarize 11 ILAC 1900.1220?
CONDUCT OF ONLINE WAGERING > Sports Wagering Accounts
Short Summary
This legal document, part of the Illinois Administrative Code, governs the conduct of online wagering in the state. It specifies that internet wagering can only be engaged in by a patron through a sports wagering account established with a master sports wagering licensee. To establish a sports wagering account, a master sports wagering licensee must create an electronic patron file containing various information such as the patron’s legal name, date of birth, social security number or equivalent, account number, residential address, email address, telephone number, and other identity verification information. The document also outlines the methods for verifying the patron’s identity, age, and eligibility, as well as the requirements for recording the patron’s acceptance of terms and conditions. It further states that a patron can have only one sports wagering account with each master sports wagering licensee, and the account is non-transferable and unique to the patron. The document specifies the permissible methods for funding and withdrawing funds from a sports wagering account, including credit/debit cards, cash deposits, prepaid cards, ACH transfers, and others. It also requires the master sports wagering licensee to provide confirmation emails for transactions and allows for adjustments to correct errors or void wagers. The document further mandates the provision of account statements and activity summaries to patrons upon request, and the periodic verification of a patron’s identification. Finally, it requires the internet wagering system to provide a method for patrons to close their sports wagering accounts, with any remaining balance refunded according to the master sports wagering licensee’s internal control system.
Whom does it apply to?
Patrons, master sports wagering licensees
What does it govern?
Conduct of online wagering
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
Illinois