Illinois HB 5142: SPORTS WAGERING DEFINITION

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
HB5142

Introduced 2/10/2026, by Rep. Daniel Didech 

SYNOPSIS AS INTRODUCED:

230 ILCS 45/25-10

 Amends the Sports Wagering Act. Provides that "sports wagering" also includes participation in any prediction market involving a sports event or any portion of a sports event, or the individual performance statistics of athletes in a sports event, including the offering, listing, solicitation, purchase, sale, trading, exchange, or settlement of any event contract, sports-event contract, or other contract, agreement, or transaction, whether described as a derivative, option, binary contract, or similar instrument, in which a person risks something of value on the occurrence, nonoccurrence, or outcome of such sports event or any portion of a sports event or athlete performance statistics; such activity constitutes sports wagering regardless of whether the contract, agreement, or transaction is entered into on a peer-to-peer basis, whether participants take positions against one another rather than against the operator, whether the operator is not a counterparty to the transaction, or whether the operator describes the activity as an investing opportunity, exchange, marketplace, or prediction market.

LRB104 17179 LNS 30598 b

A BILL FOR

HB5142LRB104 17179 LNS 30598 b

1 AN ACT concerning gaming.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Sports Wagering Act is amended by changing 

5Section 25-10 as follows:

6 (230 ILCS 45/25-10)

7 Sec. 25-10. Definitions. As used in this Act:

8 "Adjusted gross sports wagering receipts" means a master 

9sports wagering licensee's gross sports wagering receipts, 

10less wi