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<xml>
<title>Illinois General Assembly - Bill Status for SB 2723</title>
<shortdesc>GAMBLING-OWNERS LICENSES</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Bill Cunningham-Dave Syverson</sponsors>
</sponsor>
<lastaction>
<statusdate>2/4/2026</statusdate><chamber>Senate</chamber><action>To Gaming, Wagering, and Racing</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>230 ILCS 10/7</reference><aliasreference>from Ch. 120, par. 2407</aliasreference><SynopsisText>Amends the Illinois Gambling Act. Provides that each licensee shall make a reconciliation payment 3 years after the date the licensee begins operating in an amount equal to 75% of the adjusted gross receipts for the most lucrative consecutive 12-month period of operations, minus an amount equal to (i) the initial payment per gaming position paid by the specific licensee and (ii) the $15,000,000 reconciliation fee.</SynopsisText></synopsis>
<actions>
<statusdate>10/28/2025</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Bill Cunningham</action>
<statusdate>10/28/2025</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>10/28/2025</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>10/28/2025</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Dave Syverson</action>
<statusdate>1/27/2026</statusdate><chamber>Senate</chamber><action>Assigned to Executive</action>
<statusdate>2/4/2026</statusdate><chamber>Senate</chamber><action>To Gaming, Wagering, and Racing</action>
<statusdate>3/13/2026</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As March 27, 2026</action>
<statusdate>3/27/2026</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As April 24, 2026</action>
</actions>
</xml>
