The legislation authorizes slots at the racetracks and five new casinos.
Illinois Gov. Rod Blagojevich Dec. 15 signed legislation that extends the diversion to horse racing of 3% of revenue from the state's four highest-grossing riverboat casinos.
The Illinois General Assembly has approved and sent to Gov. Rod Blagovich a bill that will extend the diversion to horse racing of 3% of revenues from the state's four highest-grossing riverboat casinos. The provision is estimated to be worth as much as $30 million a year and by law is divided 60% for purses and 40% for tracks.
Most Popular Stories
- Gun Runner Likely Out of Pegasus World Cup
- Semper Fortis Takes Ralis' Spot in Pegasus World Cup
- Keen Ice to Calumet Upon Retirement
- California Chrome Again Horse of the Year
- Tepin Gets Serious in Latest Work
- Suddenbreakingnews Set to Return at Oaklawn
- Shaman Ghost Works Bullet in Pegasus Prep
- Sherman Staying in the Moment With California Chrome
- One More Time: California Chrome Sizzles in Final Work
- OBS to Offer Experienced Racehorses, Yearlings, Mares