Can you summarize 11 ILAC Chapter I, Part 1900, Subpart 1900?
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.
Can you summarize 11 ILAC Chapter I, Part 1900, Subpart 1900?
These legal documents cover various aspects of licensing procedures and requirements in the sports wagering industry in Illinois. They provide guidelines for the issuance of temporary identification badges and operating permits, transferability of ownership interest, annual updates, and withdrawal of applications and surrender of licenses. The documents specify the criteria and procedures for granting or rescinding temporary identification badges and operating permits, including factors such as suitability for licensure, past disciplinary actions, and the best interests of the industry.
Can you summarize 11 ILAC Chapter I, Part 1900, Subpart 1900?
These legal documents outline the procedures and requirements for disciplinary proceedings related to sports wagering under the jurisdiction of the Illinois Racing Board. The documents specify that both licensees and persons subject to a proposed order of economic disassociation have the right to request a hearing and are entitled to the same procedural rights and obligations. The Administrative Law Judge (ALJ) plays a crucial role in these proceedings, providing written findings of fact, conclusions of law, and recommendations to the Board.
Can you summarize 11 ILAC Chapter I, Part 1900, Subpart 1900?
The provided legal document content covers various aspects related to sports wagering in Illinois. It governs the filing of financial and statistical records for sports wagering, requiring master sports wagering licensees to submit daily, monthly, quarterly, and annual reports of financial and statistical data. The document also specifies the requirements for cash reserves and guarantees that master sports wagering licensees must maintain to protect wagerers against defaults on gaming debts. Additionally, it outlines the payment of wagering taxes by license holders, including the calculation of tax and fee liability and the due date for filing tax and fee schedules.
Can you summarize 11 ILAC Chapter I, Part 1900, Subpart 1900?
The provided legal document content covers various aspects related to sports wagering in Illinois. It includes the redemption of wagers, conduct of wagering, cancellation or voiding of wagers, prohibition of certain types or forms of wagering, temporary suspension of sports wagering operations, and commencement of sports wagering. The documents apply to master sports wagering licensees, patrons, professional sports teams, leagues, associations, sports governing bodies, institutions of higher education, and the Administrator.
Can you summarize 11 ILAC Chapter I, Part 1900, Subpart 1900?
This legal document governs the implementation of responsible gaming limits in internet wagering systems. It applies to both the internet wagering systems and the patrons using them. The document requires internet wagering systems to allow patrons to voluntarily impose limitations or restrictions on their wagers, including dollar amount restrictions, prohibiting new deposits, or prohibiting all wagering. Patrons are allowed to determine the length of time for the limitations, which must be between 72 hours and one year.
Can you summarize 11 ILAC Chapter I, Part 1900, Subpart 1900?
This legal document governs the transfer, maintenance, and disposal of wagering equipment in the State of Illinois. It applies to supplier licensees, master sports wagering licensees, and management services provider licensees. Supplier licensees are prohibited from selling, distributing, transferring, or supplying wagering equipment to anyone other than the holder of a master sports wagering license, management services provider license, or supplier license. Similarly, master sports wagering licensees and management services provider licensees can only sell, distribute, transfer, or supply wagering equipment to affiliated entities holding the respective licenses or to holders of supplier licenses.
Can you summarize 11 ILAC Chapter I, Part 1900, Subpart 1900?
This document outlines the minimum standards for internal control systems in the context of sports wagering in Illinois. It applies to master sports wagering licensees and aims to ensure the safeguarding of assets, accuracy and reliability of financial records, proper authorization of transactions, and compliance with the Act and related regulations. The document requires licensees to develop and maintain a detailed internal control system that covers various aspects such as administrative procedures, access control, conduct of wagering, accounting, and security.
Can you summarize 11 ILAC Chapter I, Part 1900, Subpart 1900?
This legal document governs the self-exclusion program for sports wagering in Illinois. It applies to individuals who have enrolled in the self-exclusion program and are on the Self-Exclusion List. Individuals on the Self-Exclusion List are prohibited from placing or redeeming wagers. Any wager placed by an individual on the Self-Exclusion List prior to enrollment in the program is considered void. Individuals who enroll in the self-exclusion program have the option to return any in-person wagering ticket to the master sports wagering licensee for a refund of the original wager amount, provided the refund occurs before the start of the event or series of events on which the wager is dependent.
Can you summarize 11 ILAC Chapter I, Part 1900?
The provided legal document content covers various aspects related to sports wagering in Illinois. It governs the service of Illinois Gaming Board notices and letters via e-mail, requiring applicants and licensees to consent to receiving such notices and letters via e-mail. It also outlines the licenses required for engaging in sports wagering, including the Master Sports Wagering License, Occupational License, Supplier License, Management Service Provider License, and Tier 2 Official League Data Provider License.