Illinois HB1505 amends the Illinois Horse Racing Act of 1975, regulating pari-mutuel wagering, inter-track wagering, and simulcast wagering.
Illinois HB1505 amends the Illinois Horse Racing Act of 1975 to regulate pari-mutuel wagering, inter-track wagering, and simulcast wagering. It imposes a pari-mutuel tax on all wagering facilities and advance deposit wagering, with specific tax rates and distribution rules. The bill also details the allocation of funds from these taxes to various funds and programs, including purses for horse racing, charitable organizations, and state funds.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.