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Obama’s Home State: The Next to Consider Gambling’s Liberalization - Find Gambling Results – Online Casino Guide | Latest Gambling News
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Obama’s Home State: The Next to Consider Gambling’s Liberalization

Apr 26, 2010 - by admin
Illinois Slots

As a result of the economic downturn that the United States recently went through, many of the nation’s states have considered what was not a high-priority issue before the crisis; the liberalization of gambling laws. Illinois seems to be next state that’s waking up to the bountiful benefits of the industry.

Daily Herald: Lawmakers, chamber receptive to slots at track

Arlington Heights trustees aren’t interested in a video casino even though some suburban lawmakers think video gambling at the local horse track is worth pursuing.

When she heard about a possible deal that would put video slot and poker machines at Arlington Park and other tracks, state Rep. Suzie Bassi said she supported the idea because the slots would be put in areas already under the microscope of gambling regulators.

Under the measure, local governments hosting the machines would get a 5% cut of the slot profits. However, local governments wouldn’t get a say in whether they want the machines at all, a main point of contention for some trustee’s.

Under the proposal, Arlington Park and other tracks in Cook County would get as many as 1,200 video gambling positions. Downstate tracks would get up to 900. The new video casinos would have to be based within 300 yards of the track.

The proposal would help support financing for the state’s massive $31 billion construction project. The massive public works program was supposed to be financed partially through video gambling, but that funding source has started to buckle as local governments refused to allow the controversial gambling machines in their taverns.

Fox News: Video Poker May Be On Way to Horse Tracks

State lawmakers in Chicago are apparently negotiating a proposal that would permit the introduction of video slots and poker machines to horse tracks across Illinois, including Arlington Park.

It’s been reported that the state would regulate how profits and taxes made through the machines would be distributed. One proposal would require race tracks to pay up to $25,000 per machine.

The Communities that would end up with the machines would get 5% of the tax revenue from the machines. Taxes on that revenue would go toward helping pay for construction projects around the state.

ABC News: Gambling machines may be allowed at Ill. horse tracks

An apparent deal being pondered by Illinois state legislators would put hundreds of video slot and poker machines at Arlington Park among other horse tracks located within the state.

Taxes from the games would go toward construction spending. Lawmakers have allegedly agreed on a proposal, after weeks of discussions behind the scenes.

Proponents say the move would give the tracks and local governments a financial boost. Arlington Park and other Cook County tracks would get up to 1,200 gambling positions. Downstate tracks would get up to 900.

These new video casinos would have to be within 300 yards of the track.

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