HB4766

Amends the Illinois Horse Racing Act of 1975 to revise licensing, taxation, and operational rules for horse racing and wagering.

The bill amends the Illinois Horse Racing Act of 1975, affecting licensing, taxation, and operational rules for horse racing and wagering. It mandates that the Illinois Racing Board create audio or video recordings of its meetings instead of court reporters. It outlines specific conditions for granting organization licenses, including background checks and financial integrity assessments. The Board can refuse or revoke licenses for various reasons, including criminal history or failure to comply with rules.