Hawthorne Race Course filed for Chapter 11 bankruptcy on Feb. 27, 2026, due to financial struggles, failed casino plans, and competition, aiming to reorganize and preserve jobs and racing operations.

Hawthorne Race Course filed for Chapter 11 bankruptcy on February 27, 2026, citing financial distress from rising costs, failed casino development, and competition in gambling markets. The 117-year-old track, which serves as Northern Illinois’ sole operating racetrack, seeks reorganization to preserve 250 jobs, protect housing and benefits for backside workers, and pay unpaid purses. Despite past approvals for a racino and a sports betting license, the track lost key wagering agreements and faced regulatory suspensions, prompting the filing. Officials aim to restructure debt, attract investors, and restart operations, with hopes to begin the thoroughbred season in March.