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Can you summarize 11 ILAC Chapter I, Part 1900, Subpart 1900?
SPORTS WAGERING > ONLINE LICENSE COMPETITIVE BIDDING
Short Summary
This legal document governs the initial competitive selection process for online sports wagering licenses in Illinois. The application period begins when the Administrator posts public notice of the application on the Board website, along with the required forms. The notice and forms must be posted no later than 420 days after the first license is issued under the Act. The application period lasts for 120 days after the notice and forms are posted, and no bids are accepted after the application period closes. Incomplete bids can be supplemented by the applicant within 30 days of receiving notice of deficiencies. Failure to supplement the bid or remedy all deficiencies results in disqualification. The identity of applicants and contents of bids are confidential until opened in a public forum. Applicants and key persons must submit fingerprints within 30 days after the application period closes. The Administrator reviews the criminal history of applicants and key persons to determine if they meet the minimum qualifications. Qualified and disqualified applicants are notified in writing. After all applicants have been disqualified or deemed qualified, the qualified applicants’ bids are opened in a public forum. The Board then identifies three winning bidders based on various factors, including character, reputation, experience, financial integrity, revenue potential, diversity of ownership, affirmative action plans, capitalization, license bid amount, and other relevant factors. The Board conducts an investigation of the winning bidders to determine their suitability for licensure. If a winning bidder is found unsuitable, another winning bidder is selected from the remaining qualified applicants. Disqualified applicants are not entitled to administrative hearings. If a winning bidder is found suitable, the Board directs the Administrator to issue the license upon payment of the license fee. This document governs the Online Master Sports Wagering License Application and Bid Summary Form for the Illinois Racing Board. It applies to applicants who wish to obtain a master sports wagering license. The document outlines the requirements for submitting a complete bid, which includes a completed Online Master Sports Wagering License Application, Business Entity Disclosure Forms or Individual Key Person Personal Disclosure Forms for all key persons, any required documents specified in Section 1900.715 or Section 1900.720, a completed Bid Summary Form, a completed 5.1 Disclosure of Records statement, and a notarized affirmation by the applicant. Bids must be submitted in electronic format to the address listed on the Online Master Sports Wagering License Application. This Subpart shall govern procedures for applying for a master sports wagering license pursuant to Section 25-45 of the Act. When Subpart F conflicts with Subpart G, Subpart F shall apply.
Whom does it apply to?
Applicants who wish to obtain a master sports wagering license
What does it govern?
Initial competitive selection process for online sports wagering licenses in Illinois
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Illinois