CHICAGO (AP) -- The Illinois Racing Board today issued the state's first three licenses to companies that handle online wagering on horse races. Officials say the move could bring in more than $1.7 million in new taxes for the state.
The board's unanimous vote authorizes electronic betting from computers, phones, interactive televisions and other mobile devices. At least one company, Los Angeles-based TVG Network, says it would be operating in Illinois later today.
The state Racing Board projects such betting could become a $100 million to $150 million industry in Illinois in 2010.
Frank Kirby is the president of the Illinois Thoroughbred Horsemen's Association. He says today's licenses are good for race tracks and horsemen.
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