The move means gamblers can place bets through approved Web sites or by phone, interactive television and mobile devices, and also creates a major advertising opportunity for sites that promote gambling. Before the new law, bets could be made only at a track or an off-track betting parlor.
The policy is aimed at making online betting easier for people, while also attracting a younger, Web-savvy clientele to horse racing.
"I think it's great that Illinois is finally getting into the electronic age," said Dennis Bookshester, a Racing Board commissioner. "This is an opportunity for us to really increase the amount of interest in our sport."
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One firm launched its online betting program within hours of the board's approval, a quick turnaround that was expected because all three sites already are set up to manage online betting in other states.
Gamers must set up an account on one of the approved Web sites, and enter credit card or other payment information needed to make a wager. They also can review past performances and other betting statistics and watch races streaming live from around the world.
The state is applying a 1.75 percent tax on each bet, which regulators estimate will raise as much as $1 million a year. The rest is divided among track owners and horsemen.
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