Illinois General Assembly - Bill Status for SB2207
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 Bill Status of SB2207  97th General Assembly


Short Description:  HORSE RACING - EXCHANGE WAGER

Senate Sponsors
Sen. James F. Clayborne, Jr.

Last Action
DateChamber Action
  1/8/2013SenateSession Sine Die

Statutes Amended In Order of Appearance
230 ILCS 5/33.5 new


Synopsis As Introduced
Amends the Illinois Horse Racing Act of 1975. Provides that the Illinois Racing Board shall issue licenses for the conducting of exchange wagering, subject to certain conditions. Defines "exchange wagering" as a form of pari-mutuel wagering in which 2 or more persons place identically opposing wagers in a given market. Sets forth provisions concerning definitions, exchange wagering accounts, security policies and safeguards to ensure player protection and integrity, powers of the Board, exchange revenues, fees, and severability. Makes other changes. Effective January 1, 2012.

Actions 
DateChamber Action
  2/10/2011SenateFiled with Secretary by Sen. Kimberly A. Lightford
  2/10/2011SenateFirst Reading
  2/10/2011SenateReferred to Assignments
  2/10/2011SenateChief Sponsor Changed to Sen. James F. Clayborne, Jr.
  3/2/2011SenateAssigned to Gaming
  3/17/2011SenateHeld in Gaming
  3/18/2011SenateRule 3-9(a) / Re-referred to Assignments
  1/8/2013SenateSession Sine Die

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