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Nov. 19 - Arlington International Racecourse Statement on ADW Agreement
November 19, 2013
Statement from Arlington International Racecourse on ADW Agreement
Arlington International Racecourse today announced its support for a new agreement calling for a three-year extension of Illinois’ Advanced Deposit Wagering (ADW) statute that provides the necessary funding to ensure a full slate of horseracing in 2014.
The agreement between the track owners, horsemen and ADW providers, which still needs approval by the Illinois General Assembly, calls for a small surcharge on revenue collected by state horsetracks, OTB operators, intertrack operators, and ADW operators.
“This extension of the ADW law is critical to the success of the state’s horseracing industry,” said Tony Petrillo, General Manager of Arlington International Racecourse. “The compromise agreement fairly distributes revenue without making any cuts to the 2014 racing schedule. The industry will work together to pass a bill that will ensure the survival of Illinois horseracing, the $1.4 billion it contributes to the state’s economy and the 37,000 jobs it sustains throughout the state.”