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.
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