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Illinois Court Sides With Racetracks Again

Published: February 9, 2011 11:36 am ET

Last Comment: February 9, 2011 12:23 pm ET | 1 Comment(s) | Jump to Comments

It has been reported that an appellate court in the state of Illinois has agreed with a previous court decision to force four riverboat casinos in the state to funnel three per cent of their adjusted gross receipts to the state’s racetracks.

According to an article by The Courier-News, the initial decision had been reached in 2008 and the owners of the casinos in question appealed the decision in 2009

The report explains that in passing the act in 2008, the state legislature found that riverboat gambling had damaged the horse racing industry in the state by luring away gambling dollars, and that the three-per-cent tax was necessary to reverse the damage.

(With files from The Courier-News)

February 9, 2011 - 12:23 pmSo lets see if Casinos lured

So lets see if Casinos lured gambling dollars from racing and have to susidize racing could it ever be the other way around??!! I would wager saner minds in the Supreme Court will set aside that decision!!

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