Illinois Racing Board Greenlights Major Acquisition
Accel Entertainment is making waves in the Illinois gaming scene with its recent acquisition of FanDuel Sportsbook and Horse Racing, formerly known as Fairmount Park. The Illinois Racing Board approved the purchase, marking Accel’s first step into the Thoroughbred racing industry. Along with the acquisition, Accel plans to open a temporary casino by the time of the 2025 Kentucky Derby.
Major Investment at Collinsville Facility
Accel’s entry into the Thoroughbred sector involves more than just buying the Collinsville, Illinois-based track for $35 million. The gaming company is set to invest an additional $85-$95 million in constructing a temporary casino, as well as a permanent gaming facility. This development will include upgrades to the racetrack’s infrastructure, with improvements to security, maintenance, and general operations.
According to Accel’s president of U.S. Gaming, Mark Phelan, the firm is dedicated to elevating the track’s standards. “We are very humble about what we’re going to do here,” he stated during a presentation to the Illinois Racing Board.
The temporary casino, pending further approvals, will likely occupy the current facility, featuring around 200 slot machines and several table games. Long-term, Accel plans to build a more extensive permanent casino, offering expanded gaming options.
Commitment to Racing Industry and Community
In addition to the casino project, Accel has pledged a $5 million purse guarantee for the 2025 racing season, aimed at boosting the quality of the races. “We are seeking to improve the overall quality of racing for owners, trainers, and fans in support of the Illinois horse industry,” Phelan said.
The acquisition also brings economic promise to southern Illinois and nearby St. Louis. Collinsville Mayor Jeff Stehman has expressed optimism about the development’s potential to drive local growth, providing jobs and revitalizing the area.
Hawthorne Race Course Lags Behind
While Accel makes swift progress in Collinsville, the situation at Hawthorne Race Course appears stalled. The track, which began demolition in 2019 following the state’s racino approval, has faced delays in securing financing for its casino. Tim Carey, president of Hawthorne, reassured the public that negotiations are in the final stages, though he couldn’t provide further details.
“We remain committed to redeveloping Hawthorne and revitalizing Illinois horse racing,” Carey stated, though construction timelines remain uncertain.
With the racing calendar for 2025 now approved, Illinois continues to maintain its position as a hub for Thoroughbred and harness racing. Both facilities will have to navigate the pressures and expectations of fans and stakeholders as they work toward completing their respective casino projects.
