Illinois abandons online gambling legislation
Also referred to as the Riverboat Gambling Act, the proposed legislation was also due to allow current and future casino licensees to apply for intra-state online gambling licenses regulated by a new Division of Internet Gambling but this was removed last week in order to facilitate a deal between the Illinois Thoroughbred Horsemen’s Association and Arlington Park.
Any revenues earned by the state from online gambling were due to go to help pay down the state's estimated nine billion dollar deficit along with funding treatment programmes for gambling addictions. The bulk of funds taxed from bricks-and-mortar venues are to be earmarked for education with Democrat Quinn earlier suggesting that he may have to cut us$ 400 million from his schools budget this year due to problems with the state's pension programmes.
However, numerous sources speculate that standalone legislation that could see Illinois join other states including Nevada and New Jersey in authorising intra-state online gambling could be introduced before the end of the year.
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