Illinois HB 1505: IL RACING BOARD-VARIOUS

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 Full Text of HB1505

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 Senate Amendment 001 
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HB1505 EnrolledLRB104 08400 LNS 18451 b

1 AN ACT concerning gaming.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Illinois Horse Racing Act of 1975 is 

5amended by changing Sections 26, 27, 28.1, and 31.1 as 

6follows:

7 (230 ILCS 5/26) (from Ch. 8, par. 37-26)

8 Sec. 26. Wagering. 

9 (a) Any licensee may conduct and supervise the pari-mutuel 

10system of wagering, as defined in Section 3.12 of this Act, on 

11horse races conducted by an Illinois organization licensee or 

12conducted at a racetrack located in another state or country 

13in accordance with subsection (g) of Section 26 of this Act. 

14Subject to the prior consent of the Board, licensees may 

15supplement any pari-mutuel pool in order to guarantee a 

16minimum distribution. Such pari-mutuel method of wagering 

17shall not, under any circumstances if conducted under the 

18provisions of this Act, be held or construed to be unlawful, 

19other statutes of this State to the contrary notwithstanding. 

20Subject to rules for advance wagering promulgated by the 

21Board, any licensee may accept wagers in advance of the day the 

22race wagered upon occurs.

23 (b) Except for those gaming activities for which a license 

HB1505 Enrolled- 2 -LRB104 08400 LNS 18451 b

1is obtained and authorized under the Illinois Lottery Law, the 

2Charitable Games Act, the Raffles and Poker Runs Act, or the 

3Illinois Gambling Act, no other method of betting, pool 

4making, wagering or gambling shall be used or permitted by the 

5licensee. Each licensee may retain, subject to the pay