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New Illinois Wagering Cap

Published: September 1, 2010 3:51 pm ET

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After encountering a 47% drop in betting with the 5% cap it had imposed on out-of-state tracks with higher charges for their signals, the Illinois Racing Board yesterday voted 7-1 to raise the cap to 9%.

The higher cap goes into effect tomorrow, and should allow bettors access to signals like Del Mar and Saratoga.

(Harness Tracks of America)

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