July 11, 2019

Illinois Games of Chance Bond

A new bill titled SB 690 requires pari-mutuel wagering facilities that have electronic gaming to post a bond for $500,000 to guarantee that the licensee makes all payments, keeps the books and records and makes reports, and conducts games of chance in compliance with the applicable laws and regulations.

Existing racetrack organization licensees will be required to increase the bond they have posted under existing law from $200,000 to $500,000 when they start using electronic gaming.

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If you’re ready to get a free surety bond quote to meet this new surety bond requirement, you can simply apply online. We are the nation’s largest volume bond producer, and provide the lowest rates in the industry.

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Eric Weisbrot

Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog. He has held a range of different roles within the surety industry, from agent assistant to bond issuer, which gives him a unique insider perspective on surety related topics.