Don't wager on horse racing if you live in ILLINOIS !!!

http://www.wgntv.com/news/wgntv-hors...,6407658.story

From the article...
The board voted unanimously to license three California companies to take electronic bets from Illinois residents through computers, phones, interactive televisions and other mobile devices. State officials said the law will enable them to collect taxes on about $100 million in unauthorized online horse wagers each year in Illinois.

Gov. Pat Quinn signed legislation allowing online horse betting in August. Before the legislation, Laino said the board estimated about $100 million in unauthorized online horse wagers were made annually in Illinois. The new law allows for random account audits and broad oversight of online horse betting, Laino said.

So any bets made previously with Youbet, TVG, or TwinSpires were made illegally before this new law went into effect in August?

[chucklestheclown]

Originally Posted by SundaySilence

http://www.wgntv.com/news/wgntv-hors...,6407658.story

So any bets made previously with Youbet, TVG, or TwinSpires were made illegally before this new law went into effect in August?

It was my understanding that no Illinois citizen was eligible to open an account legally until then. Lots of people did, of course, using off-shore accounts or out-of-state banks and addresses. But that did not make it legal.

I opened account with Youbet in 2007 as a resident of Illinois. I think Scavs said he bet with Youbet, so I can only assume it was legal? It was strange though because I could never compete in those contests that they run. I remember they had one for CD Friday nights and ILL residents (along with a few other states) were not eligible. Something is fishy.

[chucklestheclown]

Don't sweat it and don't use your Twin Spires card anymore. I sure don't.

Don't worry I'll never make a horse wager again benefiting the state of Illinois. It's not enough for them to tax you on your wager when you place it, they want to tax you on income you never recv'd. I'll go to the riverboat and play craps or blackjack, and bet the big horse racing days offshore. I put 250K through the windows thus far this year, and I'm fed up. It's the whole principle of the idea, and I'm sure others have felt the same way I do.

Hey at least I got some money down on Billy Walter's play on the under tonight. So I'm in a better mode.

[chucklestheclown]

Glad you are in a good mood mode now. GRL.