Sec. 26.5. Inter-track wagering licensee surcharge.
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/il/chapter-230/act-5/26-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 26.5. Inter-track wagering licensee surcharge. In addition to the amount retained pursuant to paragraph
(10)of subsection
(h)of Section 26, inter-track wagering licensees shall retain an additional amount equal to 1.5% of each winning wager and winnings from wagers. The surcharge shall be deducted from winnings prior to payout, except as provided in subsection
(g)of Section 27 of this Act. Amounts retained under this Section shall be distributed as follows: 40% to the organization licensee at whose track the wager was placed, 40% as purses at the track where the wager was placed, and 20% to the county in which the track where the wager was placed is located.