An accusation of corruption in Illinois politics? Shocking!
Horse Tracks Get $141 Million
SPRINGFIELD, Ill. (CN) – The state’s horse racing industry has gotten a $141 million boost. The money, which has been fought over all the way to the U.S. Supreme Court, was released from an escrow account this week. The money came from a 2006 law that required Illinois’ four biggest casinos to divert 3 percent of their earnings for two years to the state’s horse tracks. Backers of the bill said the money was needed to save the state’s struggling horse racing industry.
The casinos said they were targeted unfairly, and accused former Gov. Rod Blagojevich of conspiring with the horse racing industry in a pay-to-play scheme to get the law passed.
Posted via email from Michael Pizzolla On ValueCapping™, Horse Racing, And Technology