| Executive Director Email Tony S. Membership/Questions Email Noel A. Insurance Questions Email Marlene R. |
|
|
|
|
|
15 Spinning Wheel Road, Suite 432 • Hinsdale, IL 60521 |
|
Wednesday, October 14Wednesday, October 14 At the Illinois Racing Board’s monthly meeting yesterday, applications for licenses from 3 advance-deposit wagering (ADW) companies were approved. Beginning immediately, Youbet.com, Inc., Twinspires, and TVG Network can technically begin accepting bets from Illinois residents.
Under the law, the ADW companies must have a contract with an Illinois racetrack operator and each provider must have the consent of a local horseman’s group. The IHHA has consented to use You-Bet as our preferred provider. If a bet is placed within the State of Illinois with You-Bet, on any racetrack, the horsemen share in the profits. The split is basically 1/3 to You-Bet, 1/3 to horsemen, 1/3 to racetracks. However, at this time, we will not share in the profits of bets being made through other ADW providers. So, please, if you chose to sign up with one of these accounts, choose You-Bet, as they are the “official provider,” endorsed by the IHHA.
|
Notes and Quotes
|
