HORSE RACING - EXCHANGE WAGER Senate SponsorsSen. James F. Clayborne, Jr. 1/8/2013SenateSession Sine Die 230 ILCS 5/33.5 newAmends the Illinois Horse Racing Act of 1975. Provides that the Illinois Racing Board shall issue licenses for the conducting of exchange wagering, subject to certain conditions. Defines "exchange wagering" as a form of pari-mutuel wagering in which 2 or more persons place identically opposing wagers in a given market. Sets forth provisions concerning definitions, exchange wagering accounts, security policies and safeguards to ensure player protection and integrity, powers of the Board, exchange revenues, fees, and severability. Makes other changes. Effective January 1, 2012. 2/10/2011SenateFiled with Secretary by Sen. Kimberly A. Lightford 2/10/2011SenateFirst Reading 2/10/2011SenateReferred to Assignments 2/10/2011SenateChief Sponsor Changed to Sen. James F. Clayborne, Jr. 3/2/2011SenateAssigned to Gaming 3/17/2011SenateHeld in Gaming 3/18/2011SenateRule 3-9(a) / Re-referred to Assignments 1/8/2013SenateSession Sine Die