Does Golden Nugget’s Latest Deal Mean Illinois Online Casino Gaming Is On The Way? – OnlinePokerReport.com

Does Golden Nugget’s Latest Deal Mean Illinois Online Casino Gaming Is On The Way? – OnlinePokerReport.com

Golden Nugget Online Gaming is coming to Illinois

Dreamstime/Nikonomad

Golden Nugget Online Gaming (GNOG) has secured market access for online sports betting and iGaming in Illinois. It’s a deal that paints an optimistic picture for the potential of online gambling legalization in the state.

The deal has Golden Nugget and casino development firm Wilmot Gaming forming a joint venture to build a new casino in the city of Danville.

The casino will operate under Golden Nugget’s brand and feature a Landry’s restaurant steakhouse.  

Crucially, the new property gives GNOG the exclusive right to offer online sports wagering on its license, as well as other forms of online gambling, should they be legalized.

The access deal will last for a minimum of 20 years. It requires GNOG to pay the joint venture a percentage of its online net gaming revenue. That includes a minimum revenue guarantee, so GNOG is banking on success.

Golden Nugget has big plans for IL

“We are thrilled to gain market access in Illinois, the 5th most populous US state and the largest to have regulated mobile wagering to date,” said Thomas Winter, president of GNOG.

“This is a tremendous opportunity for us to further increase our US footprint and deliver on our ambitious growth plans. We look forward to bringing our award-winning
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