Lawmakers and politicians in the American State of Illinois have decided that letting people place bets online from the safety and comfort of their armchairs in their own homes is actually a very good idea.
It is especially agreeable when it means the State can also take their share of the proceeds in taxation. To that end, a Bill has been passed allowing Illinois State residents to make wagers online.
Approving the Bill in question, that had already made its way through the Senate, now means that participants can place their bets on horse races using websites that cater for this form of online gambling. State legislators are still unsure of how this move will be affected by the Federal ban in the form of the UIGEA, as difficulties have arisen in both North Dakota and New Hampshire when they conducted their own legalization of online lottery betting, as despite the fact that this form of gambling is supposedly exempt from any kind of prohibition, they were nonetheless curtailed.
Only a few days ago, video gambling machines became legal throughout the State before this current Bill made its way through the Senate’s legal machinery to become law. A huge majority, 87 to 27, said yes to the new rules, while simultaneously voting down a further proposition to expand existing casinos throughout the State of Illinois.
The new laws mean that online accounts may now be established with gambling websites and real money bets be placed using a computer from home. Gambling gains and losses are logged to your online account in the same way that it is done with still prohibited online casinos and poker rooms.
Supporters of the Bill have stated that the tax revenues received by the State for horse racing gambling online will be significant. Horse racing itself will also benefit significantly from this action with increased participation and general interest in the sport.
Last year, a similar proposed gambling expansion plan fell short of being approved as lawmakers then believed that it was not right morally for the State of Illinois. This year, that same moral high ground seems to have been cast aside as the Bill has been linked to a construction plan that would benefit the building and extending of universities in the State, which has been cited as a big part of its success in getting approved.