Illinois Administrative Code › Title 11 - ALCOHOL, HORSE RACING, LOTTERY, AND VIDEO GAMING › Part 325 - ADVANCE DEPOSIT WAGERING (ADW) › Section 325.20 - License to Conduct Advance Deposit Wagering

Current through Register Vol. 48, No. 28, July 12, 2024
An organization licensee or a person or third party who
				contracts with an organization licensee in order to conduct ADW shall be
				licensed by the Board prior to accepting advance deposit wagers from Illinois
				residents.
a) No ADW licensee or
			 organization licensee may place or cause to be placed any wagering terminal or
			 electronic device that facilitates the placement of an advance deposit wager
			 anywhere other than in a licensed wagering facility as authorized in Section
			 26(g) of the Illinois Horse Racing Act of 1975 [230 ILCS
			 5/26(g) ].
b) The advance deposit wagering license
			 application shall include:
1) If a third party
			 is utilized, a copy of the contracts, including the consent of the horsemen's
			 association, to provide ADW services by an ADW operator licensed by the Board
			 to an organization licensee licensed by the Board;
2) A copy of all current ADW, pari-mutuel
			 wagering and gaming licenses, regardless of jurisdiction;
3) A list of all totalisator hub and ADW
			 personnel processing Illinois wagers containing the name, position, job
			 location and licensed jurisdiction for each person (if applicable);
4) A list of all officers, directors,
			 partners and shareholders with a 5% or greater share of ownership or beneficial
			 interest;
5) Full disclosure of all
			 fees and other financial considerations relating to the contract with the
			 organization licensee;
6) A
			 detailed description of procedures to allow the Board prompt access to reports,
			 logs, wagering transaction detail, and customer account detail, in printed form
			 or standard electronic format approved by the Board;
7) A detailed description of systems and
			 procedures used to validate the identity, age and legal residency of account
			 holders and procedures validating the legality of wagers accepted;
8) A detailed description of procedures to
			 allow the Board prompt access to all records relating to customer
			 identification, age and residency in hard copy or standard electronic format
			 acceptable to the Board;
9) A
			 detailed description of procedures to allow the Board prompt access to customer
			 account detail in hard copy or an electronic format acceptable to the Board for
			 customers who are Illinois residents;
10) A description of the secure retention
			 procedures of all records related to wagering and customers accounts for a
			 period of not less than three years or a period specified by the
			 Board;
11) A copy of account holder
			 rules/terms governing the acceptance and management of accounts, and a copy of
			 any amendments in the rules at least 10 days prior to the effective date of
			 those amendments;
12) A bond from a
			 surety company admitted in the State of Illinois or other form of financial
			 security in the amount of $500,000; and
13) A chart illustrating the organizational
			 structure, including reporting lines.