SB2074 Summary

• Removes the 3-year time limitation on authorization for advance deposit wagering in Illinois, allowing it to continue indefinitely rather than expiring after a set period.

• Amends Section 26 of the Illinois Horse Racing Act of 1975 to permanently establish advance deposit wagering as an ongoing permitted wagering method.

• Advance deposit wagers placed from within Illinois must be placed through Board-approved advance deposit wagering licensees only.

• Takes effect immediately upon becoming law.