Beginning on August 26, 2012, each advance deposit wagering licensee shall impose a surcharge of 0.18% on winning wagers and winnings from wagers placed through advance deposit wagering. The surcharge shall be deducted from winnings prior to payout. Amounts derived from a surcharge imposed under this Section shall be paid to the standardbred purse accounts of organization licensees conducting standardbred racing.
230 ILCS 5/26.7
Advance deposit wagering surcharge
Known as the Illinois Horse Racing Act
The act spans §§ 230-5-1 to 230-5-9 (132 sections).
P.A. 101-81, eff. 7-12-19.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.