Full Text of SB0208 100th General Assembly
SB0208sam002 100TH GENERAL ASSEMBLY | Sen. John J. Cullerton Filed: 5/29/2017
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| 1 | | AMENDMENT TO SENATE BILL 208
| 2 | | AMENDMENT NO. ______. Amend Senate Bill 208, AS AMENDED, | 3 | | with reference to page and line numbers of Senate Amendment No. | 4 | | 1, by replacing line 24 on page 37 through line 19 on page 38 | 5 | | with the following:
| 6 | | "Eligibility for application for an Internet gaming license | 7 | | shall be limited to any person or entity that holds a valid and
| 8 | | unrevoked: (1) owners license issued pursuant to the Riverboat | 9 | | Gambling Act, or any affiliate thereof as defined by the Board | 10 | | in its administrative rules implementing such Act, or any | 11 | | person or entity who as of January 1, 2017 was designated by | 12 | | the Illinois Gaming Board as a key person of an owners licensee | 13 | | or is controlled by one or more key persons of an owners | 14 | | licensee; (2) organization license issued pursuant to the | 15 | | Illinois Horse Racing Act of 1975, but only if the organization | 16 | | licensee conducted live racing in calendar year 2016, except | 17 | | that 2 additional internet gaming licenses may be issued to | 18 | | entities awarded organization licenses after 2016 that |
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| 1 | | exclusively conduct standardbred racing; or (3) advance | 2 | | deposit wagering license issued pursuant to the Illinois Horse | 3 | | Racing Act of 1975, but only if the advance deposit wagering | 4 | | licensee conducted advance deposit wagering in Illinois and | 5 | | handled in excess of $1,000,000 in calendar year 2016."; and | 6 | | on page 40, immediately below line 9, by inserting the | 7 | | following: | 8 | | "Section 5-26. Initial license and renewal requirements | 9 | | for Internet gaming licenses obtained by an organization | 10 | | licensee. | 11 | | (a) No internet gaming license may be awarded to or renewed | 12 | | for any entity that is eligible for an Internet gaming license | 13 | | because of an organization license awarded by the Illinois | 14 | | Racing Board, unless they meet the following criteria: | 15 | | (1) The entity must hold a valid organization license | 16 | | awarded by the Illinois Racing Board for the term of the | 17 | | license. | 18 | | (2) The entity must hold an inter-track wagering | 19 | | license awarded by the Illinois Racing Board for the term | 20 | | of the license. | 21 | | (3) The entity, for the term of the license, must have | 22 | | a signed contract with the horsemen association | 23 | | representing the largest number of owners, trainers, | 24 | | jockeys, or standardbred drivers who race horses at that |
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| 1 | | organization licensee's racing meeting and that stipulates | 2 | | the number of races to be conducted at the racing meeting | 3 | | and that contains penalties for failure to conduct those | 4 | | races. | 5 | | (4) The entity, for the term of the license, may not | 6 | | receive any money otherwise payable as purses under | 7 | | paragraph (13) of subsection (g) of Section 26 of the | 8 | | Illinois Horse Racing Act of 1975. | 9 | | (5) The entity must deposit its gross gaming revenue | 10 | | into the Horse Racing Internet Purse Fund on a monthly | 11 | | basis according to the following schedule: | 12 | | (A) 25% of gross gaming revenue up to and including | 13 | | $999,999; | 14 | | (B) 30% of gross gaming revenue greater than | 15 | | $999,999 but not more than $1,500,000; and | 16 | | (C) 33% of gross gaming revenue in excess of | 17 | | $1,500,000. | 18 | | (6) The entity may not receive any proceeds from gross | 19 | | gaming revenue during any period that gross gaming revenues | 20 | | are not being deposited into the Horse Racing Internet | 21 | | Purse Fund. | 22 | | (b) The Illinois Gaming Board shall study the viability and | 23 | | benefit of providing an Internet gaming license to the horsemen | 24 | | association representing the largest number of owners, | 25 | | training jockeys, or standardbred drivers who race horses at an | 26 | | organization licensee's racing meetings, and shall prepare a |
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| 1 | | report for the Illinois General Assembly and the Governor no | 2 | | later than 12 months after the effective date of this Act. | 3 | | Section 5-27. Initial license and renewal requirements for | 4 | | Internet gaming licenses obtained by an advance deposit | 5 | | wagering licensee. | 6 | | (a) No Internet gaming license may be awarded to or renewed | 7 | | for any entity that is eligible for an Internet gaming license | 8 | | because of an advance deposit wagering license awarded by the | 9 | | Illinois Racing Board, unless it meets the following criteria: | 10 | | (1) The entity must hold a valid advance deposit | 11 | | wagering license awarded by the Illinois Racing Board for | 12 | | the term of the Internet gaming license. | 13 | | (2) The entity must deposit its gross gaming revenue | 14 | | into the Horse Racing Internet Purse Fund on a monthly | 15 | | basis according to the following schedule: | 16 | | (A) 25% of gross gaming revenue up to and including | 17 | | $999,999; | 18 | | (B) 30% of gross gaming revenue greater than | 19 | | $999,999 but not more than $1,500,000; and | 20 | | (C) 33% of gross gaming revenue in excess of | 21 | | $1,500,000. | 22 | | (3) The entity may not receive any proceeds from gross | 23 | | gaming revenue during any period that gross gaming revenues | 24 | | are not being deposited into the Horse Racing Internet | 25 | | Purse Fund."; and |
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| 1 | | on page 57, immediately below line 18, by inserting the | 2 | | following: | 3 | | "Section 5-57. Horse Racing Internet Purse Fund. | 4 | | (a) There is created in the State treasury a | 5 | | non-appropriated trust fund held separately from State moneys | 6 | | to be known as the Horse Racing Internet Purse Fund. The Fund | 7 | | shall consist of moneys paid into it under Sections 5-26 and | 8 | | 5-27 of this Act. The Fund shall be administered by the | 9 | | Illinois Racing Board, and is not subject to administrative | 10 | | charges or chargebacks, including, but not limited to, those | 11 | | authorized under Section 8h of the State Finance Act. | 12 | | (b) The moneys deposited into the Fund shall be distributed | 13 | | monthly as purses by the Illinois Racing Board as follows:
| 14 | | (1) 31% of the moneys in the Fund to organization | 15 | | licensees conducting standardbred racing, distributed pro | 16 | | rata based on racing days awarded by the Illinois Racing | 17 | | Board. | 18 | | (2) 69% of the moneys in the Fund to organization | 19 | | licensees conducting thoroughbred racing, distributed pro | 20 | | rata based on racing days awarded by the Illinois Racing | 21 | | Board. | 22 | | (c) The gross gaming revenue deposited into this Fund is | 23 | | not tax proceeds nor property of the State."; and |
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| 1 | | on page 58, line 11, by replacing "Section 5.878" with | 2 | | "Sections 5.878 and 5.879"; and | 3 | | on page 58, immediately below line 14, by inserting the | 4 | | following: | 5 | | "(30 ILCS 105/5.879 new) | 6 | | Sec. 5.879. The Horse Racing Internet Purse Fund. ".
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