(230 ILCS 5/3.12) (from Ch. 8, par. 37-3.12)
Sec. 3.12. Pari-mutuel system of
wagering.
"Pari-mutuel system of
wagering" means a form of wagering on the outcome of
horse races in which
wagers are made in various
denominations on a horse or horses
and
all wagers for each race are pooled and held by a licensee
for distribution in a manner approved by the Board. "Pari-mutuel system of wagering" shall not include wagering on historic races. Wagers may be placed via any method or at any location authorized under this Act.
(Source: P.A. 101-31, eff. 6-28-19.)
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