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Wednesday, June 10, 2009

IL Casinos Being Taxed by Horseracing Tracks?

by taxnick on June 10, 2009

Four Illinois riverboat casinos failed to get the U.S. Supreme Court to hear their challenge to a law requiring them to share their profits with the state’s ailing horse racing tracks.
The court’s Monday decision means Illinois tracks expect to share in an estimated $80 million — money set aside under a 2006 law requiring state [...]

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