Video gambling sees significant growth in Illinois
Video gambling has seen significant growth in Illinois, with revenues increasing by more than 75 percent in just the last three years, a new state report concludes.
The report released last month by the state’s Commission on Government Forecasting and Accountability found that video gambling racked up a net income of $1.4 billion in the fiscal year that ended on June 30, generating about $70 million in tax revenue for local governments.
Video gambling is the driving force behind overall gambling revenues that reached a record high last year in Illinois, The Chicago Tribune reported.
Chicago has banned video gambling, but the report shows that there are roughly 11,000 individual gaming machines in the city’s metropolitan area. That’s the equivalent of adding nine casinos.
Click Here to read more.
The report released last month by the state’s Commission on Government Forecasting and Accountability found that video gambling racked up a net income of $1.4 billion in the fiscal year that ended on June 30, generating about $70 million in tax revenue for local governments.
Video gambling is the driving force behind overall gambling revenues that reached a record high last year in Illinois, The Chicago Tribune reported.
Chicago has banned video gambling, but the report shows that there are roughly 11,000 individual gaming machines in the city’s metropolitan area. That’s the equivalent of adding nine casinos.
Click Here to read more.