Chicago State University

Illinois has not funded its colleges or universities for the past five months. It's easy to overlook that fact, because professors have continued to teach, athletes have continued to compete, and students have continued to learn. But around the state, college administrators are saying they've burned through their financial reserves.

Paul Kehrer via Flickr

Internet gambling on horse racing would once again be legal in Illinois under legislation approved Sunday by the Illinois House of Representatives.

Online and telephone horse betting has been illegal in Illinois all year — a law authorizing it expired on Dec. 31. The practice, known as "advanced deposit wagering," was a $122 million business in Illinois last year.

The legislation would also finally redistribute money from casino gambling that was supposed to shore up the struggling horse racing industry, but instead has been languishing in a state account.