Bidder tied to Mexican gaming company last applicant for Illinois online sports betting license. But it may be forced to drop out. – Chicago Tribune/MSN

Four companies applied to the Illinois Gaming Board in December for the three online licenses, which are not tethered to casinos, racetracks or sports venues, but carry a hefty $20 million licensing fee — twice the maximum for online sportsbooks with bricks-and-mortar partnerships. Three companies have since dropped out or been eliminated. And the remaining applicant, Tekkorp Digital Acquisition Corp., is facing increasingly long odds that it will make it to the finish line.