Illinois Racing Board approves online betting
Illinois residents can now place bets for the first time ever on horse races around the world, after the Illinois Racing Board on Wednesday licensed TVG.com to accept wagers from Illinois residents.
The move legalizes advance deposit wagering.
Illinois joins a growing number of states that have approved online wagering on horseracing, including California, New York, Kentucky and Maryland. The introduction in Illinois will provide an additional revenue stream for the state's horseracing industry, which includes horse owners, racetracks and horsemen’s groups.
For every wager placed on a race by an Illinois resident at TVG.com, the Illinois horseracing industry will now receive a percentage of the profits. Additionally, TVG will heavily promote all Illinois racing on its television and wagering platforms, as well as advertising within the state of Illinois.