The horse racing industry in Illinois is struggling to keep up with other states.
Like most other industries across the country, gambling took a big hit during the recession. However, there are signs it is on the way back.
The federal cigarette excise tax increase passed under the Obama administration earlier this year led to a steep tobacco price increase in April. Will consumers opt to continue to pay the extra dollar and one cent to support their habit? How will the tax hike affect government revenues? Robert Johnson of Morningstar Inc. [...]