Illinois Compiled Statutes 230 ILCS 5 Illinois Horse Racing Act of 1975. Section 26.7

    (230 ILCS 5/26.7)

    Sec. 26.7. Advanced deposit wagering surcharge. 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.

(Source: P.A. 97-1060, eff. 8-24-12; 98-18, eff. 6-7-13.)

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Last modified: February 18, 2015