IL HB5469

Authorizes a one-time appropriation to cover thoroughbred and standardbred horse racing purse account payments for the 3-year period prior to the bill's effective date when appropriations were not made

Extends the required capital expenditure period for racetrack backstretch improvements from 5 years to 10 years following the start of an organization licensee's gaming operations

Reduces the initial fee per gaming position for racetracks in Cook County from $30,000 to $17,500, with payments limited to 720 of the authorized gaming positions

Extends the allowable payment period for reconciliation payments from organization gaming licensees from 6 years to 12 years in installments

Modifies calculation requirements for organization licensees' annual contributions to nonprofit organizations providing medical, family counseling, and similar services to backstretch residents and workers