Illinois Compiled Statutes 230 ILCS 5/26.3 – On and after July 1, 1987, each organization licensee may impose a …
Current as of: 2024 | Check for updates
|
Other versions
On and after July 1, 1987, each organization licensee may impose a surcharge of up to 1% on winning wagers and winnings from wagers placed upon races conducted by that organization licensee. Where a surcharge is imposed, it shall be deducted from winnings prior to payout. Amounts derived from a surcharge imposed under this Section shall not be paid or allocated to purses.