Advance deposit wagering surcharge

230 ILCS 5/26.7, under Illinois Horse Racing Act of 1975.

230 ILCS 5/26.7

(230 ILCS 5/26.7)     Sec. 26.7. Advance deposit wagering surcharge. Beginning on August 26, 2012, each advance deposit wagering licensee shall impose a surcharge of 0.18% on winning wagers and winnings from wagers placed through advance deposit wagering. The surcharge shall be deducted from winnings prior to payout. Amounts derived from a surcharge imposed under this Section shall be paid to the standardbred purse accounts of organization licensees conducting standardbred racing.

(Source: P.A. 101-81, eff. 7-12-19.)