Surcharge on bets in Illinois

[Al Gobbi]

A statement from Glen Berman, executive director of the Illinois Thoroughbred Horsemen's Association, said his organization and those representing other horsemen had reached an Advanced Deposit Wagering agreement with the state's racetracks and ADW outlets.

Berman's statement said the plan that was agreed to "will fully fund the (IRB) and will impose a temporary surcharge on wagers placed through ADW and at the tracks, OTBs, and inter-track wagering facilities."

http://www.chicagotribune.com/sports/horseracing/ct-spt-1120-illinois-racing-20131121,0,1970684.story

[thaskalos]

That's just what the Illinois horseplayer needs. Another surcharge. :ThmbUp:

[Delta Cone]

But the surcharge is only "temporary."

:lol:

Just like the state income tax increase to 5% was "temporary."

:lol:

[olddaddy]

Of course the amount of surcharge isnt disclosed. Shocking

[thaskalos]

But the surcharge is only "temporary."

:lol:

Just like the state income tax increase to 5% was "temporary."

:lol:
Illinios bettors' participation in this game might be "temporary" as well...

[thaskalos]

Of course the amount of surcharge isnt disclosed. Shocking

Fact-finding reporting at its finest... :rolleyes:

[olddaddy]

Fact-finding reporting at its finest... :rolleyes:

That was a commentary on the tribune, btw

Heres the article from drf.

http://www.drf.com/news/illinois-racetracks-horsemen-reach-account-wagering-agreement

[Some_One]

Why .2%? Why not just make it 20% and get to the endgame scenario right away.

[Hoofless_Wonder]

Illinois racing - death by a thousand cuts.

The irony of raising the surcharges to fund the shortfall of monies for the IRB, from a crisis created by the IRB, is amazing. Pretty much like the Federal Government bailing out the banks at least partly due to repeal of Glass-Steagall.

Another .9% on top of the previous .18% surcharge from 2012 seems like a pretty steep increase. I never did get a response from Twinspires on the "mystery" inconsistent payoffs. If I understood the support person from Xpressbet, the host track would often post credit for full track prices to Illinois ADW players, depending on breakage. Thus the surcharge was often "hidden".

If the "surcharge" is now 1.08% (or even .9%), that'll leave a mark in that almost all winning wagers will now have reduced payouts. Not only on bets made at Illinois tracks, but for any wager at any track.

Brutal. :(

[shouldacoulda]

They just don't get it do they? They mismanage and run the game into the ground and give themselves huge salaries. Then when they can't support the top heavy structure because they have chased away much of the clientèle what else to do but raise taxes/takeout/surcharges. Whatever you want to call it. Who is going to pay them their fat salary when there is no more racing? They just don't get it do they? They will get what they deserve and horse bettors will just go away or turn to poker. That's when they'll get it and in more ways than one.