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Illinois courts rules for horse tracks6 June 2008SPRINGFIELD, Illinois -- As reported by the Quad-City Times: "Lawmakers can force casinos to fork over some of the cash gamblers bet on roulette, craps and cards to the declining Illinois horse racing industry, the Illinois Supreme Court ruled Thursday. "For the past two years, the state's four richest casinos, including the two in Joliet, have had to send 3 percent of their revenue to a special state fund to help horse tracks and racers. "Previously, circuit court in Will County found that the tax was unconstitutional because it meant some casinos were being taxed at different rates than others. "But the casinos lost that argument at the Supreme Court, and the decision was reversed by a unanimous vote. "...As the hype of Saturday's Belmont Stakes builds and draws attention to horse racing, Illinois officials say the industry here is suffering, especially since casinos began operating in the state and competing for people's gambling cash..." |