sports wagering license, ending the agency’s supplemental licensing process without any operator receiving one.
Betway, which surprising finalist in April 2022 in a bidding process that is confidential per state law.
The withdrawal by Betway again leaves all three online-only licenses unclaimed. It also again raises the question of whether the $20 million fee for an online-only license is too expensive an entry point despite Illinois being the No. 2 market nationally. Illinois welcomed its Circa’s retail launch at The Temporary in Waukegan earlier this month.
Few details about Betway withdrawal 1de12
Fruchter made the announcement regarding Betway’s withdrawal during his general comments, reviewing the timeline of events that led to Betway being moved forward as the only applicant up for consideration during the supplemental process. Fruchter said Betway made the request to withdraw its application “earlier this week,” but he did not state any reasons for Betway’s wiithdrawal.
Further, he did not say if the IGB will have a second supplemental bidding process for prospective operators to submit applications. More than 96% of Illinois’ all-time handle of $25.3 billion has come from mobile and online betting. It has sured $1 billion in monthly handle on five occasions.
The wait for Unibet continues 4d2o6m
Fruchter announced the IGB was tabling the initial Management Services Provider license vote for Indiana, where it is the mobile sportsbook of Horseshoe Hammond in the northwest part of the state and less than an hour’s drive from Chicago.
