Illinois Administrative Code
Title 74 - PUBLIC FINANCE
Part 760 - REVISED UNIFORM UNCLAIMED PROPERTY ACT
Subpart B - PRESUMPTION OF ABANDONMENT
Section 760.320 - Online Sports Wagering
Universal Citation: 74 IL Admin Code ยง 760.320
Current through Register Vol. 48, No. 38, September 20, 2024
a) As the debt of a business association, an online sports wagering account with a balance, where 3 years have passed from the date of last indication of interest by the apparent owner, is presumed to be an abandoned account.
b) The amount to be reported and remitted to the administrator from an abandoned online sports wagering account is determined by relevant law beyond the Act including where applicable, the relevant state laws concerning online sports wagering. However, the anti-limitations provisions of Section 15-610(a) of the Act are applicable.
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