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He said that historical horse racing might be successful in some markets but not in others. Maxwell G. (9) splashes across the finish line at Hawthorne Racecourse on May 6, 1976. Maxwell G. (9) splashes across the finish line at Hawthorne Racecourse on May 6, 1976. (Phil Mascione / Chicago Tribune) Virginia just legalized historical horse racing, joining states like Arkansas, Kentucky, Oregon and Wyoming. In Illinois, the amount bet on horse races plummeted 40 percent between 2006 and 2016 and dropped from a peak of $1.2 billion in 1990 to less than

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