Illinois Racing gets a kick

[dellinger63]

Up to 70 mil a year.

http://www.suntimes.com/news/watchdo...hdog17.article

[GBBob]

Originally Posted by dellinger63

Up to 70 mil a year.

http://www.suntimes.com/news/watchdo...hdog17.article

If we see half of that, I'll be surprised

[miraja2]

Originally Posted by GBBob

If we see half of that, I'll be surprised

Yeah it sounds like the geniuses down in Springfield want to spend the money on stupid "education." What a waste.

They should be taking money out of education and putting it into horse racing. Just teach the kiddies how to bet the Catalano and they'll do just fine.

[VOL JACK]

Originally Posted by GBBob

If we see half of that, I'll be surprised

Id say half would be best case scenerio, and if education is in the mess they say it is, it should go to the schools.

If I owned a small neighborhood grocery store and Wal-Mart moved in across the street, Id go before legislators and demand a percentage of their profits.

[GBBob]

Originally Posted by VOL JACK

Id say half would be best case scenerio, and if education is in the mess they say it is, it should go to the schools.

If I owned a small neighborhood grocery store and Wal-Mart moved in across the street, Id go before legislators and demand a percentage of their profits.

I know..I understand the priorities. Just trying to figure out how this money ( if it does) differs from the retro award they received for the existing casinos? That was a nice and I think sufficient chunk of change that could continue on. Was this above and beyond that?

[Scav]

Originally Posted by GBBob

I know..I understand the priorities. Just trying to figure out how this money ( if it does) differs from the retro award they received for the existing casinos? That was a nice and I think sufficient chunk of change that could continue on. Was this above and beyond that?

I think it differs.

I think when retro award was being ironed out, it was put in the contract that "When the 10th casino was awards, such and such goes to the racetracks"

I could be wrong though

[Cannon Shell]

Typical bs from the same old crybabies looking to curry favor with unions. The whole "education" argument is lame but people seem not to be able to see it for what it is, pandering to the teachers union. These mandates were given to the horse racing industry in lieu of casino licenses, the idea being that the politicians could take care of everyone. But now they want to renege on the deal because the state is broke? We are talking about money that has yet to even be made in a casino that does not yet exist. I'm tired of horseracing being treated as though it is not an important business that raises huge amounts of money for state governments. Why not place a tax on the current Cubs owners who are about to make a huge windfall on the sale of the team? It makes about as much sense.