Illinois Governor Signs Gaming Bill Into Law

Illinois Gov. J.B. Pritzker signed Senate Bill 690, the gaming legislation recently approved by legislators, into law on Friday, and the state’s tracks now have the authority to host slot machines and other casino-style games for the purpose of generating additional revenue to boost purses.

The horse racing portion of this new law, which represents a negotiated agreement reached by tracks and horsemen, also will implement a structure to guarantee live racing. It will also phase out recapture, the practice of tracks depleting horsemen’s purses to subsidize their own operations.

Gov. Pritzker approved the gaming measure as part of a package of legislation that will establish a new capital construction program in Illinois.

It will take some time before Illinois thoroughbred purses are substantially improved, but when the terms of this new law are fully implemented, Illinois can once again become a world-class destination for thoroughbred horse racing.

The post Illinois Governor Signs Gaming Bill Into Law appeared first on Horse Racing News | Paulick Report.

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