HORSE RACING - EXCHANGE WAGER
Summary
Amends the Illinois Horse Racing Act of 1975. Provides that the Illinois Racing Board shall issue licenses for the conducting of exchange wagering, subject to certain conditions. Defines "exchange wagering" as a form of pari-mutuel wagering in which 2 or more persons place identically opposing wagers in a given market. Sets forth provisions concerning definitions, exchange wagering accounts, security policies and safeguards to ensure player protection and integrity, powers of the Board, exchange revenues, fees, and severability. Makes other changes. Effective January 1, 2012.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2011
Committee Review
Floor Vote
Governor
Introduced Feb 10, 2011
Last action Jan 8, 2013
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
0
Committee
3
Jan 8, 2013
Senate · Failed
Session Sine Die
Mar 18, 2011
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Assignments
Mar 2, 2011
Senate · Referred to committee
Assigned to Gaming
Feb 10, 2011
Senate · Referred to committee
Referred to Assignments
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
James F. Clayborne, Jr.
DDemocratic
Ask Maddy
·
AI policy assistant
Ask Maddy about SB 2207
Scope: IL
Hi! I can help you understand SB 2207. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline