HB 3214

Abstract

Amends the Sports Wagering Act. Provides that to be issued a master sports wagering license, an organization licensee under the Illinois Horse Racing Act of 1975 shall: (1) have entered into a signed contract with the horsemen's association representing the largest number of owners, trainers, jockeys, or standardbred drivers who race horses at the race meeting of the organization licensee that covers the entire term of a master sports wagering license and the conditions at which the organization gaming licensee would conduct sports wagering, including, but not limited to, a purse share of not less than 6% of adjusted gross sports wagering receipts (with specified purse distributions if 2 different breeds race at the same racetrack) and providing services for backstretch workers; and (2) have been issued an organization gaming license under the Illinois Gambling Act. Requires an organization licensee to meet the same requirements in order to renew the master sports wagering license. Effective immediately.