Illinois horse racing officials warned lawmakers this week that additional state action may be needed to keep parts of the industry afloat. As lawmakers revisit the economics behind racetrack casino expansion approved nearly six years ago, House Bill 5469 is having its moment late in the legislative calendar.
The new bill would reduce certain racino-related gaming fees, extend repayment timelines for racetrack casino operators and increase long-term infrastructure investment requirements at Illinois racetracks.
The proposal is intended to stabilize the Illinois horse racing industry while helping tracks finance casino developments.
It’s not the first time the industry has requested help. Lawmakers originally authorized similar provisions under the state’s sweeping 2019 gambling expansion law.
