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Gamers can now play the ponies without leaving home in the Midwest. The Illinois Racing Board passed a brand new resolution yesterday, giving three companies leave to host online horse race betting.
The move means gamblers can place bets through approved Websites or by phone, interactive television and mobile devices, and likewise creates a tremendous advertising opportunity for sites that promote gambling. Before the brand new law, bets might be made only at a track or an off-track betting parlor.
The policy is aimed toward making online betting easier for people, while also attracting a younger, Web-savvy clientele to horse racing.
"I think it's great that Illinois is finally entering the electronic age," said Dennis Bookshester, a Racing Board commissioner. "THAT IS a chance for us to truly increase the volume of interest in our sport."
One firm launched its online betting program within hours of the board's approval, a handy guide a rough turnaround that was expected because all three sites already are arrange to control online betting in other states.
Gamers must arrange an account on one of the vital approved Web sites, and enter bank card or other payment information had to make a wager. In addition they can review past performances and other betting statistics and watch races streaming live from across the world.
The state is applying a 1.75 percent tax on each bet, which regulators estimate will raise up to $1 million a year. The remainder is split among track owners and horsemen.
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