Just so everyone is clear Twin Spires and Express Bet are breaking the law while T.V.G. and Betzotic are complying. By operating illegally Twin Spires and Express Bet are taking customers away from the other two companies which is extremely unfair and classless. The following is from Rich Miller of Capitol Fax.
* Last year, $122 million was wagered through what are known as advanced deposit wagering (ADW) websites in Illinois. The sites, like this one, require people to open up an account and then they can place bets on horse races by phone or via the Web. That $122 million represented about a fifth of last year’s total in-state “handle” and the $1.72 million in tax receipts funded 28 percent of the Illinois Racing Board’s budget.
The state legalized ADWs in 2009 and the law was scheduled to sunset last July 1st. The General Assembly extended the sunset to this past January 1st, but then didn’t extend it again. So, ADW is now again illegal in Illinois.
From the Illinois Racing Board’s website…
In the absence of legislation extending the authorization to conduct advance deposit wagering (ADW) beyond the current expiration date of December 31, 2012, effective January 1, 2013, advance deposit wagering (via internet/telephone) is prohibited in Illinois. Hopefully this is a short-term situation since it is expected that the Illinois General Assembly will address this issue in the 2013 Spring legislative session. Upon resolution of this issue, the Illinois Racing Board will provide further notice and you should expect to be notified by your ADW provider.
* Scott Jagow at the Paulick Report has more…
“It’s been made clear to those providers that it’s the position of the board that ADW wagers on Illinois racing are now illegal,” said Marc Laino, the board’s executive director.
“There was legislation introduced in the veto session in January. It went to committee but didn’t receive enough votes.” […]
The initial legalization of ADW wagering in Illinois took place in 2009. The law was extended for six months in 2012 but expired Jan. 1.
“I’m being told the issue will be taken up by the legislature in mid-February,” Laino said, although he didn’t know whether the ADW authorization might be in stand-alone legislation or rolled into a larger gambling bill.
If this gets rolled into a big gaming bill, then the ongoing legislative impasse could mean even more delays. And that means even more revenue will be lost and more companies at risk of going under.