Arlington Park Getting Millions

With the recent ruling from the Illinois Supreme Court, tracks such as Arlington Park are going to be receiving millions of dollars. This money is to be used for supplementing purses as well as repairs for the tracks. The Supreme Court upheld a law that would force the riverboats to pay the tracks a portion of their slot machine proceeds.

The state’s court upheld a 2006 law that stated that the casinos in Aurora, Elgin and Joliet were to send money to help the tracks keep their doors open. However, for the past two years the casinos have been fighting the law and the money has been sitting in a bank account.

However, not anymore. There is roughly $80 million sitting in that account and it will be split among the tracks. Arlington Park is obviously one of those tracks that will be getting slot machine revenue from the account.

Arlington Park was supposed to be getting a little more than $10 million a year in slot machine proceeds, when the deal was approved. However, that was more than two years ago and the track has not seen a dime from it since. But now that the track will be getting their share of the money, they have not said exactly what they will be doing with the money besides increasing winnings.

Part of that money will go to improvements at the track, but for now they don’t know exactly how much. The ruling was a timely one as it came two days after the tax expired.



 

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