99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
HB2417

 

Introduced , by Rep. Dwight Kay

 

SYNOPSIS AS INTRODUCED:
 
230 ILCS 5/3.12  from Ch. 8, par. 37-3.12

    Amends the Illinois Horse Racing Act of 1975. Includes wagering on the outcome of historical previously run horse races in the definition of "pari-mutuel system of wagering". Effective immediately.


LRB099 07701 MLM 27834 b

 

 

A BILL FOR

 

HB2417LRB099 07701 MLM 27834 b

1    AN ACT concerning gaming.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Horse Racing Act of 1975 is amended
5by changing Section 3.12 as follows:
 
6    (230 ILCS 5/3.12)  (from Ch. 8, par. 37-3.12)
7    Sec. 3.12. Pari-mutuel system of wagering. "Pari-mutuel
8system of wagering" means a form of wagering on the outcome of
9live or historical previously run horse races in which wagers
10are made in various denominations on a horse or horses and all
11wagers for each race are pooled and held by a licensee for
12distribution in a manner approved by the Board. Wagers may be
13placed via any method or at any location authorized under this
14Act.
15(Source: P.A. 96-762, eff. 8-25-09.)
 
16    Section 99. Effective date. This Act takes effect upon
17becoming law.