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| | 99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
HB2417 Introduced , by Rep. Dwight Kay SYNOPSIS AS INTRODUCED:
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| 230 ILCS 5/3.12 | from Ch. 8, par. 37-3.12 |
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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.
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| | A BILL FOR |
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| | HB2417 | | LRB099 07701 MLM 27834 b |
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| 1 | | AN ACT concerning gaming.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Horse Racing Act of 1975 is amended |
| 5 | | by changing Section 3.12 as follows:
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| 6 | | (230 ILCS 5/3.12) (from Ch. 8, par. 37-3.12)
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| 7 | | Sec. 3.12. Pari-mutuel system of
wagering.
"Pari-mutuel |
| 8 | | system of
wagering" means a form of wagering on the outcome of |
| 9 | | live or historical previously run
horse races in which
wagers |
| 10 | | are made in various
denominations on a horse or horses
and
all |
| 11 | | wagers for each race are pooled and held by a licensee
for |
| 12 | | distribution in a manner approved by the Board. Wagers may be |
| 13 | | placed via any method or at any location authorized under this |
| 14 | | Act.
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| 15 | | (Source: P.A. 96-762, eff. 8-25-09.)
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| 16 | | Section 99. Effective date. This Act takes effect upon |
| 17 | | becoming law.
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