SB1180 amends the Illinois Horse Racing Act to revise wagering rules, tax rates, and fund allocations.
SB1180 amends the Illinois Horse Racing Act to revise wagering rules, tax rates, and fund allocations. It modifies the tax rate on pari-mutuel wagering and advance deposit wagering. It changes how funds are allocated to various accounts, including the Horse Racing Fund, Horse Racing Tax Allocation Fund, and charitable organizations. It also updates rules around inter-track wagering and simulcast wagering, including location restrictions and tax rates. The bill aims to update the regulatory framework for horse racing and wagering in Illinois.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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