CHICAGO (CBS)–From brackets to betting the spread, it’s common for people to put money down on March Madness, despite it being illegal in Illinois.
A state representative wants to change that, however.
Two proposals would allow betting at casinos and racetracks and online. Operating licenses would cost $10 million and the Illinois Gaming Board would provide oversight.
A third option would allow betting at sports venues, and a fourth proposal would give the Illinois Lottery jurisdiction over betting.
Illinois Governor J.B. Pritzker is already counting on $200 million in revenue from sports gambling to help fund next year’s state budget.