Section 1. Be it Enacted by the People of the State of Illinois Represented in the General Assembly, That if any person shall at any time hereafter [...?] bet or lay any wager any money, property, or other valuable thing, upon the result of any Election, which may be held, under the constitution or Laws of this state, or shall bet or wager money, property or other valuable thing, upon the number of votes which may be given to any one or more persons, at any Election held as aforesaid, or upon who will receive the greatest number of votes at any such Election, or if any person, shall agree, to pay to any other person, any money[,] property[,] or other valuable thing in the event that any Election shall as aforesaid shall result in one way, or in the event, that any one or more persons, shall, or shall not be Elected, or shall receive a greater number of votes than others, such person shall be liable to Indictment, and upon conviction thereof shall be fined in any sum not exceeding one Thousand dollars.

Section 2 It shall not be necessary to the commission of the offince specified in the foregoing Section, that the money, property or valuable thing bet, or wagered, shall be exhibited or staked at the time of making such bet or wager, or at any other time.