Posts Tagged ‘online bets’

Online horse betting legislation before Illinois governer

Saturday, May 30th, 2009

News Story:

A bill to allow Illinois residents to place horse race bets online is awaiting approval of Illinois governer Quinn.  The plan is said to potentially generate $1.5 million in revenue and could help the state’s ailing horse racing industry by boosting interest and wagering on the sport.  The proposal would allow race tracks to partner with online gaming sites.

Detractors are concerned that the move could increase gambling addiction.

Commentary:

I think this would be a good move for Illinois.  This is a simple way to boost revenue in a tough economy.