Bill Text: IL HB2417 | 2015-2016 | 99th General Assembly | Introduced
Bill Title: Amends the Illinois Horse Racing Act of 1975. Includes wagering on the outcome of historical previously run horse races in the definition of "pari-mutuel system of wagering". Effective immediately.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2015-03-27 - House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee [HB2417 Detail]
Download: Illinois-2015-HB2417-Introduced.html
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| 1 | AN ACT concerning gaming.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The Illinois Horse Racing Act of 1975 is amended | |||||||||||||||||||
| 5 | by changing Section 3.12 as follows:
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| 6 | (230 ILCS 5/3.12) (from Ch. 8, par. 37-3.12)
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| 7 | Sec. 3.12. Pari-mutuel system of
wagering.
"Pari-mutuel | |||||||||||||||||||
| 8 | system of
wagering" means a form of wagering on the outcome of | |||||||||||||||||||
| 9 | live or historical previously run
horse races in which
wagers | |||||||||||||||||||
| 10 | are made in various
denominations on a horse or horses
and
all | |||||||||||||||||||
| 11 | wagers for each race are pooled and held by a licensee
for | |||||||||||||||||||
| 12 | distribution in a manner approved by the Board. Wagers may be | |||||||||||||||||||
| 13 | placed via any method or at any location authorized under this | |||||||||||||||||||
| 14 | Act.
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| 15 | (Source: P.A. 96-762, eff. 8-25-09.)
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| 16 | Section 99. Effective date. This Act takes effect upon | |||||||||||||||||||
| 17 | becoming law.
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