Tag: Illinois

Illinois Sports Betting Kicks Off March 9 At This Casino Sportsbook

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The moment many thought would never come is finally arriving: Illinois sports betting has a start date.

Rivers Casino in Des Plaines announced the BetRivers Sportsbook will open Monday, March 9 at noon. This will mark the first brick-and-mortar sportsbook in the state following a long and rocky path to legalization.

“The BetRivers Sportsbook will take March Madness out of the office pool and into an exciting, elevated live sports wagering experience,” said Corey Wise, senior vice president and general manager of Rivers Casino. “We are grateful to the Illinois Gaming Board staff for their work approving our sportsbook in time for the college basketball tournament—one of the greatest sports events of the year.”

Greg Carlin, CEO and co-founder of Rush Street Gaming, Rivers parent company had this to say:

“Whether you are a seasoned sportsbook player or a casual sports fan interested in this new entertainment option, we’re dedicated to an environment where all customers will enjoy themselves in this great venue within our premier casino.”

What to expect at BetRivers Sportsbook

According to the release, the sportsbook will feature a number of amenities including:

  • 4,840 square foot sports bar
  • 47-foot-wide Ultra HD LED video wall
  • 10 86-inch HD televisions
  • 4 75-inch HD television
  • 5 betting windows
  • 30 sportsbook kiosk
  • 1 full-service island bar with 32 seats
  • 26 bar-top video poker machines
  • 29 leather lounge chairs with additional table seating

“BetRivers Sportsbook meets the high bar established by the team at Rivers Casino Des Plaines as one of the most successful and unique regional gaming destinations in the country,” said Bill Carstanjen, CEO of Churchill Downs Incorporated, the racing, online wagering and gaming entertainment company which co-owns Rivers. “We’re excited to add this top-flight amenity to what is already a premier destination.”

What about mobile wagering and who’s next?

Unfortunately for those traveling outside the Chicago land area, mobile sports betting will not be available until later this year.

Many experts anticipated the start of the NCAA Basketball tournament would be the defacto launch date. With Rivers launching Monday, March Madness betting will be in full swing.

Additionally, the Illinois Gaming Board has announced a number of temporary permits in the past few days so there are several properties that might follow Rivers lead.

Argosy Casino Alton, owned by Penn National Gaming and Grand Victoria Casino in Elgin, owned by Eldorado, are the most likely to launch next.

Other casinos receiving temporary permits are:

  • Hollywood Casinos in Aurora and Joliet
  • Par-A-Dice Hotel and Casino in Peoria

For those looking for alternative options traveling from the southern part of Illinois, Horseshoe Casino and Ameristar Casino in Hammond, Indiana, each have full-service sportsbooks.

Expect fierce competition for gambling dollars between Illinois and Indiana once the Prairie State is completely up and running. Also, don’t forget about the Wolverine State which recently announced Michigan sports betting will commence on Wednesday, March 11.

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Why Illinois Sports Betting Has A 50/50 Shot For A March Launch Date

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The excitement surrounding Illinois sports betting and when it will make its official debut is causing a frenzy amongst casual and expert bettors.

I’d imagine fans of the New Orleans Pelicans had a similar feeling waiting patiently for first-round draft pick Zion Williams to step on the hardwood. But with something so delicate, like Zion and sports betting, you must proceed with caution.

So while three casinos have been granted temporary operating permits, this doesn’t mean sports betting has finally arrived. However, it does mean the necessary steps are being taken to ensure these properties can be the first to begin receiving wagers once the green light is given.

Let the madness begin

March has been designated as the target date for sports betting to launch.

But is it conceivable?

Cory Aronovitz, a seasoned gaming attorney with Casino Law Group in Chicago, IL, is optimistic sports betting can launch in March because these gaming operators have done this in other jurisdictions.

“Managing expectations is crucial, and there is a demand for the product. So, target dates with contingencies are appropriate,” Aronovitz said in an email.

The likely three casinos to launch first are:

  • Argosy Casino Alton – Penn National
  • Grand Victoria Casino Elgin – Eldorado
  • Rivers Casino Des Plaines – Rivers

“These properties all have sports wagering experience, and aside from tweaks for unique aspects of Illinois regulations, the software has been vetted and utilized in other markets,” Aronovitz said.

Other experts on the subject of Illinois sports betting

Tom Swoik, executive director of the Illinois Casino Gaming Association, told Legal Sports Report, “I think you’ll see something up and running before March Madness, at least at these three facilities.”

Sure, it’s possible casinos can be up and running in time for the big dance, but there are still miles of red tape to go through. Properties still need to complete rigorous testing on internal control systems, betting software, and other compliance operations outlined by the emergency rules. That doesn’t happen overnight.

But it appears all the work rests in the hands of the casinos.

According to Joe Miller, director of policy at the Illinois Gaming Board (IGB), “we’ve given them the tools, and now they can finish the job.”

“It’s on [the casinos] on how fast they want to go to become compliant with the rules and offer sports wagering to their customers,” Miller told LSR.

More gambling, more gambling dollars

Illinois is no stranger to milking gambling dollars from its residents.

The state already has more video gaming terminals (VGT)  than Las Vegas 385,945 to be exact. In 2019, Illinois collected $444,384,459 in taxes from gaming terminals. Municipalities collected a combined $83,833,498, according to a report from the IGB.

The addition of sports betting will only solidity the state as a gambling powerhouse not only in the Midwest but in the country. According to some estimates, the state could record an annual sports betting handle of $5.3 billion by 2023.

To say that IL residents are hungry for sports betting would be an understatement. Residents have been bolting across the border into Indiana to hand over wads of cash in order to place bets. Only time will tell if they can empty their pockets at local casinos in time for March Madness.

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Categories: Gambling News

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Why Illinois Sports Betting Has A 50/50 Shot For A March Launch Date

[ad_1]

The excitement surrounding Illinois sports betting and when it will make its official debut is causing a frenzy amongst casual and expert bettors.

I’d imagine fans of the New Orleans Pelicans had a similar feeling waiting patiently for first-round draft pick Zion Williams to step on the hardwood. But with something so delicate, like Zion and sports betting, you must proceed with caution.

So while three casinos have been granted temporary operating permits, this doesn’t mean sports betting has finally arrived. However, it does mean the necessary steps are being taken to ensure these properties can be the first to begin receiving wagers once the green light is given.

Let the madness begin

March has been designated as the target date for sports betting to launch.

But is it conceivable?

Cory Aronovitz, a seasoned gaming attorney with Casino Law Group in Chicago, IL, is optimistic sports betting can launch in March because these gaming operators have done this in other jurisdictions.

“Managing expectations is crucial, and there is a demand for the product. So, target dates with contingencies are appropriate,” Aronovitz said in an email.

The likely three casinos to launch first are:

  • Argosy Casino Alton – Penn National
  • Grand Victoria Casino Elgin – Eldorado
  • Rivers Casino Des Plaines – Rivers

“These properties all have sports wagering experience, and aside from tweaks for unique aspects of Illinois regulations, the software has been vetted and utilized in other markets,” Aronovitz said.

Other experts on the subject of Illinois sports betting

Tom Swoik, executive director of the Illinois Casino Gaming Association, told Legal Sports Report, “I think you’ll see something up and running before March Madness, at least at these three facilities.”

Sure, it’s possible casinos can be up and running in time for the big dance, but there are still miles of red tape to go through. Properties still need to complete rigorous testing on internal control systems, betting software, and other compliance operations outlined by the emergency rules. That doesn’t happen overnight.

But it appears all the work rests in the hands of the casinos.

According to Joe Miller, director of policy at the Illinois Gaming Board (IGB), “we’ve given them the tools, and now they can finish the job.”

“It’s on [the casinos] on how fast they want to go to become compliant with the rules and offer sports wagering to their customers,” Miller told LSR.

More gambling, more gambling dollars

Illinois is no stranger to milking gambling dollars from its residents.

The state already has more video gaming terminals (VGT)  than Las Vegas 385,945 to be exact. In 2019, Illinois collected $444,384,459 in taxes from gaming terminals. Municipalities collected a combined $83,833,498, according to a report from the IGB.

The addition of sports betting will only solidity the state as a gambling powerhouse not only in the Midwest but in the country. According to some estimates, the state could record an annual sports betting handle of $5.3 billion by 2023.

To say that IL residents are hungry for sports betting would be an understatement. Residents have been bolting across the border into Indiana to hand over wads of cash in order to place bets. Only time will tell if they can empty their pockets at local casinos in time for March Madness.

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