Illinois General Assembly - Bill Status for SB2702

Replaces everything after the enacting clause. Amends the Illinois Horse Racing Act of 1975. Allows an organization licensee to maintain a system whereby advance deposit wagering may take place or to contract with another person to carry out a system of advance deposit wagering. Makes changes in the definitions of "Inter-track wagering", "non-host licensee", "pari-mutuel system of wagering", "licensee", "wagering facility", and "wagering" and in provisions concerning the pari-mutuel tax concerning advance deposit wagering. Adds definitions of "advance deposit wagering licensee" and "advance deposit wagering". Effective immediately.

Provides that organization licensees providing live signals may petition the Illinois Racing Board to withhold their live signals from an advance deposit wagering licensee if the organization licensee discovers and the Board finds reputable or credible information that the advance deposit wagering licensee is under investigation by another state or federal governmental agency, the advance deposit wagering licensee's license has been suspended in another state, or the advance deposit wagering licensee's license is in revocation proceedings in another state and that the organization licensee's provision of their live signal to an advance deposit wagering licensee pertains to wagers placed from within Illinois. In provisions requiring consent of a horsemen association to conduct advance deposit wagering, provides that the consent may not be unreasonably withheld. In provisions concerning distribution of the moneys retained by the organization licensee from advance deposit wagering, provides that, if more than one breed races at the same race track facility, then the 50% of the moneys to be paid to an organization licensee's purse account shall be allocated among all organization licensees purse accounts operating at that race track facility proportionately based on the actual number of host days that the board grants to that breed at that race track facility in the current calendar year.

Replaces everything after the enacting clause. Amends the Illinois Horse Racing Act of 1975. Makes a technical change in a Section concerning the short title.

Replaces everything after the enacting clause. Amends the Illinois Horse Racing Act of 1975. Reenacts a Section concerning the Horse Racing Equity Trust Fund that was repealed on May 26, 2008. Provides that the Section is repealed on July 1, 2011. Amends the Riverboat Gambling Act. Extends the impact fee until (i) June 30, 2011, (ii) the date any organization licensee begins to operate a slot machine or video game of chance, (iii) the date that certain payments from the State Gaming Fund into the Horse Racing Equity Fund begin, or (iv) the wagering tax is increased by law to reflect a tax rate that is at least as stringent or more stringent than the tax rate contained in specified provisions of the Act, whichever occurs first. Provides that the Illinois Gaming Board is expressly prohibited from making changes to the requirement that licensees make payment into the Horse Racing Equity Trust Fund without the express authority of the Illinois General Assembly and making any other rule to implement or interpret the amendatory Act. Provides that the payment of 15% of the adjusted gross receipts of specified owners licensees from the State Gaming Fund to the Horse Racing Equity Trust Fund shall begin on the effective date of this amendatory Act, unless any organization licensee under the Illinois Horse Racing Act of 1975 begins to operate a slot machine or video game of chance under the Illinois Horse Racing Act of 1975 or the Riverboat Gambling Act. Effective immediately.

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