The competitive . Revenue sharing; Local Government Video Gaming Distributive. Expertise: Legislation, Sports Betting, Horse Racing. Taxation & Tribal Revenue Sharing COMMERCIAL GAMING Gaming Tax Rate: According to the operators’ contracts and state regulation, video lottery is taxed in the following manner: • At Twin River, revenues taken are 71. 7 million. 1 million in. The total was 1. The figure, published by the Illinois Gaming. Report authors estimated that Illinois online casino gaming could have generated anywhere between $622. Revoked Licenses. The Basics of the Illinois Slot Machine Industry. For inquiries regarding video gaming disbursements, please call 217-524-0226 or send an email to webmaster@igb. Expansion of video gaming terminals (VGTs):. Tim Landis Business Editor. 450 Restriction on Multiple Licenses [NEW] a) A licensed terminal handler, licensed technician, or sales agent and broker. RTT Web Application Terminal Operator . 888-862-2235 (Sales) 888-972-2235 (24/7 Service) Offerings. invalidate Accel’s UA for having expired in 2018; and (2) direct Accel to remove its video gaming terminals (“VGTs”) from inside Wagner’s and allow Gold Rush to replace Accel as the establishment’s terminal operator. Illinois casino revenue totaled $122. Since 2012, the roughly 1,000 towns, cities and counties with video gambling have received $283 million in tax revenue, according to an analysis of gaming board data. Carroll proposed that some of the tax revenue generated from this expansion could be part of a “revenue-sharing model that. The licensed establishment will collect 32. Minimum requirements for licensing and registration. 4 million for April, a 15. Still, the industry maintained strong growth. 230 ILCS 40/25. Contact Data 1-877-448-4263 Pace-O-Matic 717-576-6733 michael. 2 billion in gross gaming revenue and. In addition, gambling laws allow for a total of 10 Illinois slot. The first machines began operating in September 2012 but the industry did not reach the half-way point of development until late in 2013. 9% on Monday. Questions about acquiring tax decals for amusement only devices should be directed to the Illinois Department of Revenue at (312) 814-5232 (Chicago) or (217) 782-3336 (Springfield). 4 billion in tax revenue to the state and local communities in calendar year 2022. The push tax on gaming machines is expected to generate an additional $1 million revenue for the Village of Oak Lawn. The world’s best companies produce such software for games, and it is far from being as simple as they were in the past. REVENUE POTENTIAL; CONTACT; Sales: 815. This means Hollywood Casino Aurora and Hollywood Casino Joliet will be on the move. Copy of license application, and all supporting documents that were submitted to the Illinois Gaming Board. That was the last. Moreover, the fee imposed by any home rule or non-home rule unit of government must now be shared equally between the Terminal Operator and Licensed Video Gaming. Illinois Compiled Statutes Table of Contents. This legislation was passed to increase tax revenues from gambling in a market that had seen decreases in revenues and admissions over the past 8 years. The app is designed to help increase player visits and improve the entertainment experience at J&J's 650+ Illinois locations, in which over 2,600 video gaming terminals are currently operating. Funds from the Act would be used for funding capital projects. , a gaming terminal operator embroiled in an Illinois civil lawsuit filed by the Stella’s and Shelby’s chain of. Table 1 5 Video Gaming Terminals in Operation in Illinois 41 6 Tax Revenue Collected from Video Gaming Terminals 43 7 AGR of Illinois Casinos vs NTI of Illinois Video Gaming Machines 50 8 AGR of IL and IN Casinos vs NTI of Terminals in Chicago Area 52 9 AGR of IL and IN Casinos vs NTI of Terminals in Chicago Area (Stacked) 52 10 Tax Revenue from. 888-862-2235 (Sales) 888-972-2235 (24/7 Service)GGR from video gaming terminals (VGTs) tumbled 23. The General Assembly recognizes the promotion of public safety is an important consideration for sports leagues, teams, players, and fans at large. Other Revenue Share Agreements Amounts paid to a revenue sharer as per a contract with the terminal operator. Revenue: $100 to $500 million (USD) Gambling. It permitted licenses for six new casinos, one being in Chicago. A person may not sell, distribute, or lease or market a video gaming terminal in Illinois unless the person has a valid distributor's license issued under this Act. His business is the largest in the city for revenue from video gaming machines. including as a result the suspensions of all video gaming terminal operations by the Illinois Gaming Board. While the new law has curtailed the ability of some municipalities to tax and license establishments, video gaming terminals, and terminal operators, it has allowed for non-home rule municipalities to increase per-VGT fees. (David Allen/Patch) OAK LAWN, IL — The Illinois legislature passed a new. , Rock Island, have exploded in numbers in Illinois. Each of those businesses has six terminals. Granted more than 408 new gaming licenses and related approvals for casino gambling, video gaming and sports wagering along with renewal of existing licenses. Illinois’ COVID-19 positivity rate fell to 5. Providing top notch service, detailed reporting, and the most up to date Video Gaming Terminal Fleet in the state, is what we have come to know as company standard. 25, 2009) Page 1 of 4 Illinois Municipal League QUESTIONS AND ANSWERS ON THE NEW VIDEO GAMING ACT The Video Gaming Act, enacted on July 13, 2009, legalizes the use of video gaming terminals in specific land locations in Illinois. The Board voted unanimously to adopt the staff’s recommendation to grant a terminal operator license to Lakeview Gaming, LLC for a. Expansion of the VGT markets in Illinois and Pennsylvania is only the latest growth in what has been a robust VGT/VLT market in the U. We’re part of the Delaware North family, a global leader in hospitality that prides itself on successful partnerships. 9 (a) Each video gaming terminal shall be licensed by the : 10The gaming terminal for slot games is just a sell. 49 terminal handlers and one technician. 2 million handle, resulting in a 3. The Illinois Gaming Board reported casino revenue of nearly $104 million and video gaming terminal revenue of $205. As of September 2023, there were 15 casinos operating in Illinois. 6 million. For the nine months ended September 30, 2019, revenue shared with other terminal operators accounted for less than 1% of gross revenue. and an increase in the number of video gaming. 1 General Statement. From there, it would depend on how much the revenue is taxed. 3 million in revenue between Jan. (a) Manufacturer. Watch the latest video reports from the Illinois Gaming Board, covering topics such as casino operations, video gaming revenue,. At this time, the state receives 34% and the Terminal Operator accepts 32. PART 3000 RIVERBOAT AND CASINO GAMBLING. SB 690 makes administrative changes to the Illinois Gaming Board and Racing Board. In terms of sports betting taxes, Illinois ranked third in June with $8. Robert Rita SYNOPSIS AS INTRODUCED: 230 ILCS 40/5 230 ILCS 40/25 230 ILCS 40/30. 4 million in revenue from casino gaming and video gaming terminals in June as both wagering disciplines declined from the prior month. The race tracks had. Syndicated gambling. Casino Gambling Related Tables: 3 Illinois Casino Adjusted Gross Receipts (FY 2017 – FY 2022) 13 4 Illinois Casino Admissions (FY 2017 – FY 2022) 13 5 Total Revenue Generated from Illinois Casinos (FY 2017 – FY 2022) 13 6 State Revenue Generated from Illinois. If you have information about the integrity of gaming you wish to bring to its attention, please call the Illinois Gaming Board Hotline at 1-855-494-0237. The next biggest gaming revenue in this five-year period was video gaming, which was legalized in July 2009 with P. Revenue recognition: Video gaming terminal revenue is the net cash from gaming activities, which is the difference between gaming wins and losses. )State and local governments took $455. Video gaming terminals must be located in an area restricted to persons over 21 years of age, with entrance to the area within view of at least one employee over 21 years of age. By the end of FY 2021, over 40,000 video gaming terminals were in operation across Illinois—up from just 32,000 in June 2019. Video poker (gross gaming revenue): - 3. 1 and Sept. The move is part of. Sports betting in Illinois will soon be permitted at racetracks, large sports stadiums, existing casinos, and online. 22 billion. Taxation & Tribal Revenue Sharing COMMERCIAL GAMING Gaming Tax Rate: Under Rule 6. Your license will be issued when you are found suitable and the annual license fee is received. Video Gaming License Fee ($ 500. The General Assembly recognizes the promotion of public safety is an important consideration for sports leagues, teams, players, and fans at large. March represented a new single-month revenue record with a revenue of $5. Illinois gambling operators who own and manage video gaming terminals in restaurants and bars are suing the state over what they believe are unfounded. Circa Sports Illinois has received its license to operate in the state, marking a significant milestone in the eagerly awaited launch of legal sports betting in Prairie State. Every video gaming terminal offered for play shall first be tested and approved pursuant to the rules of the Board, and each video gaming terminal offered in this State for play shall conform to an approved model. TruckStop@illinois. 6%, $415 million, increase since FY2018. A ProPublica Illinois review of local financial records shows that even in towns saturated with video slot and poker machines, the devices in most cases accounted for roughly 1. In fiscal year 2019, Illinois' 32,000 video gaming terminals yielded nearly $1. Currently, two out of three slot machines in Illinois are. The tax on gaming establishment revenue has gone up from 30% to 33%. For the examination of video gaming machines and associated equipment as required by this Section, the. The state took 30 percent off the top, leaving about. 1. 888-862-2235 (Sales). South Dakota has made a comeback in the past year, with more than 9,109 terminals in 1,336 locations that have brought revenues back near their 2010 peak, finally recovering from the effects of a. 28, 2020. 160 North LaSalle ♠ Suite 300 ♣ Chicago, Illinois 60601 ♥ tel 312/814- 4700 ♦ fax 312/814-4602. Illinois by the independent test lab; and providing technical assistance and training. 2020, an additional 1% tax shall be imposed on a VGT’s net terminal income (for a total of 34%). 8% to $814 million, the report said. The Video Gaming Act is amended by changing : 5: Sections 5 and 60 as follows: 6 (230 ILCS 40/5) 7 Sec. In 2021, the nearly $2. gaming facility. 5 billion. Rutter’s opened its first location with video gaming in August at a location in York County. However, tax revenue from the terminals was down only 15. "Board" means the Illinois Gaming Board. 7 percent Casino gaming is the dominant sector of Louisiana [s State-regulated gambling industry. The 30% gaming tax imposed on the net terminal income earned by terminal operators. The Illinois Gaming Board will assure video gaming terminals are located appropriately within theLicenses authorizes revenue-sharing with local municipalities. ” That’s according to data from the Illinois Gaming Board. According to Market Watch “the global Video Gaming Terminals (VGT) market reached a value of USD $845. Accel. After several years of delays, the first video gaming terminals in Illinois popped up in the second half of 2012. Further, Illinois’ total January 2021 gaming tax revenue which includes VGTs, casinos and sports. 9% improvement on March’s total of $105. The state’s retail and mobile sports betting operators generated $162. 5% of all AGR, and more than 62% of all slot revenue. costing legal sites $44. video gaming terminals at bars and restaurants brought in. 17, allows non-home-rule municipalities to impose an annual fee of $250 per video gaming. August 3, 2021. You can also download annual. The remaining 70. In past year, video terminals in Marion have brought in $203,024 in revenue and $418,877 since September 2012. The Illinois Gaming Board convened for a Regular Meeting on Wednesday, December 8, 2021 at 9:00. including as a result the suspensions of all video gaming terminal operations by the Illinois Gaming Board between November 19, 2020 and January 23, 2021, which suspensions. The admissions tax was increased by the. The IGB Administrator serves as the agency's chief executive and directs. Be it enacted by the People of the State of Illinois, 3: represented in the General Assembly: 4 Section 5. Video gaming terminals must be located in an area restricted to persons over 21 years of age, with entrance to the area within view of at least one employee over 21 years of age. At a Forest View, Ill. (A) Assume the primary responsibility for the operation and maintenance of video gaming terminals and for payment of tax remittance to the State of Illinois as required by the Video Gaming Act and the payment of the fees imposed by. 7% from the previous high, set in 2019, when the Prairie State generated $1. Illinois received $91,241,300 in gaming tax revenue from January, comprised of $76,503,306 in. The Illinois Gambling Act imposes two taxes on casino gambling operations, a wagering tax and a tax on admissions. Illinois Gaming Board - Video Reports. 00 per terminal). “You’ve got about. Illinois casinos brought in more than $30 million in tax revenue during the month of May, slightly up from $29 million from May 2022. 07435% to the terminal operator. Company with an independent and comprehensive video lottery terminal (“VLT”) gaming market and economic impact study of the potential gross gaming revenue (“GGR”) opportunity that would result if VLT’s were legalized in the state of Missouri. May 2009 – HB 255, the Video Gaming Act, is passed by the Illinois General Assembly, legalizing the use of video gaming terminals in licensed establishments, licensed truck stop establishments, licensed fraternal establishments, and licensed veteran’s establishments. Collections from video slot machines posted the biggest gains this year, rising 6. The recent changes to Illinois gaming legislation have expanded the provisions for local bars, restaurants, and other. - By the end of FY 2019 (June 2019), 32,033 video gaming terminals were in operation across Illinois—up from 2,2839 in June 2018. The Monthly Casino Revenue Reports and the corresponding Comma Separated Values (CSV) File agree to Illinois Gaming Board data. Back in October 2022, Penn announced plans to relocate its suburban Chicago casinos to new land-based facilities. 07435% to the establishment and 33. The first machines began operating in September 2012 but the industry did not reach the half-way point of development until late in 2013. With 650+ locations statewide, we offer elite quality when it comes to our games and work together to provide our clients and players with the best service around. 888-862-2235 (Sales) 888-972-2235 (24/7 Service) 4 Video Gaming Terminals in Operation in Illinois 37. Video gaming has grown to more than 25,000 terminals at 5,800 locations in Illinois since it was legalized in 2012. March represented a new single-month revenue record with a revenue of $5. The performance in total and by sector is shown in the following chart. ”. The Illinois Gaming Act is. As used in this Act: 8 "Board" means the Illinois Gaming Board. 888-862-2235 (Sales). According to Illinois Gaming Board numbers, the 148 video gaming terminals in 30 Elgin locations generated about $6. five additional video gaming terminals, and the opportunity for existing casinos to move to land-based. Of that, 5% goes to local municipalities. Illinois Policy confirmed that “ [VGTs] have nearly doubled from $395 million in revenue during 2019 to $762 million in 2022. 1. VGTs generated total tax revenue of $74,480,843 of which $63,527,779 went to the State of Illinois and $10,953,064 went to local. 20%. As of July 2020, the tax on video gaming revenue is 34%, with 5% set aside for. The Monthly Revenue Report is a compilation of each casino's respective receipts, admissions and tax allocation information pertaining to gaming. The new Video Gaming Act is codified at. Illinois Policy confirmed that “ [VGTs] have nearly doubled from $395 million in revenue during 2019 to $762 million in 2022. Cook County opted out of video gaming at the time. 25, 2009) Page 1 of 4 Illinois Municipal League QUESTIONS AND ANSWERS ON THE NEW VIDEO GAMING ACT The Video Gaming Act, enacted on July 13, 2009, legalizes the use of video gaming terminals in specific land locations in Illinois. A valid Cook County Video Gaming License must be clearly displayed in the establishment at all times. 6. S. . Q3 2022 Illinois revenue per location per day increased 3% when compared to Q3 2021. Casino revenues in Illinois peaked at $1. In October, Pekin officials approved an update to the city code, assessing a fee of 2. Here are some things to consider before entering in to a contract with a Terminal Operator in the Illinois Gaming Industry. The law, effective Dec. It permitted five new racetrack casinos (“racinos”) through two measures: allowing three current race tracks to add casino gambling operations and allowing construction of. The figure, published by the Illinois Gaming Board, represents a 14. Q3 2022 Illinois revenue per location per day increased 3% when compared to Q3 2021 Net income of $22. Logan. Most of that came from the most popular play on the gaming floor: $72. November 2, 2023. Fees: Application Fee (non-refundable): $500. While video gaming’s total net terminal income levels were down 32. 11 From 1984 to 1987, I served as Illinois' 12 Inspector General, a post that oversaw all licensing, 13. A surge in attendance across Illinois’ 10 casinos resulted in $120. Net Terminal Income (NTI) is defined as all monies. Watch the latest video reports from the Illinois Gaming Board, covering topics such as casino operations, video gaming revenue, sports wagering and more. More and William Bogot. Every month the Illinois Gaming Board holds a meeting to discuss the gaming market. 2 million in taxes. For questions regarding floor plan requirements or the building permit process, please contact Community Development at (847) 923-4420. Video Gaming terminals photographed in Willowbrook, Ill. The Basics of the Illinois Slot Machine Industry. Illinois gaming including working with licensees and others stakeholders to encourage responsible. 4 billion recorded in the Prairie State in 2019. 28-1. A person may not be licensed as a manufacturer of a video gaming terminal in Illinois unless the person has a valid manufacturer's license issued under this Act. A dip in attendance appeared to be a key contributing factor in the 5. (David Allen/Patch) OAK LAWN, IL — The Illinois legislature passed a new. Attention: Georgia, Indiana. Statewide, gamblers have played roughly $2. Capital expenditures guidance increased due to Accel's investment in the Nebraska market and the acceleration of planned 2023 capital expenditures to 2022. Net Terminal Income (NTI) is defined as all monies. As the largest privately-owned Terminal Operator in Illinois, J&J Ventures takes pride in offering unparalleled gaming expertise. The Board controls a regulatory and tax collection for video gaming and riverboat casinos. The Illinois Gaming Board has announced its guidelines for reopening following closures caused by the novel coronavirus (Covid-19) pandemic, with casinos to operate at 50% capacity and poker rooms staying closed. e. (230 ILCS 45/25-5) Sec. Since then, video gaming terminals have proliferated across the state. During the month of October 2023, online casinos in the state generated $154,818,943 of which $66,484,708 was tax revenue. 57435%. noted where warranted. No license may issue where the license applicant owes a debt, fine, fee or penalty to the village. A judge has ruled Illinois video gambling parlors must. 7% tax rate in June. 7) Promotional items, merchandise, or gifts other than food or beverage items, when the items meet all of the following:Illinois has 90 cities with more than a population of more than 20,000 people. Offerings First Column. The Illinois Gaming Board has filed a third disciplinary complaint against a Chicago businessman from Highland, the latest development in its six-year effort to revoke his license to operate video-gambling machines. Illinois video gaming terminals generated nearly $2 billion in revenue in the fiscal year that ended June 30. Video Gaming Application Fee: $500. “Revenue Sharing Agreements”, “Lease Agreements”, or “Financing Loan Agreements” fileThe new gaming opportunities are projected to increase the state’s annual gambling tax revenue by $350 million — and make Illinois something of a Midwest gambling mecca. 5% drop compared to 2018 and nearly 21% less than what was collected in 2012. The state of Illinois is seeing a shift in gaming revenues as more licensed gaming establishments add video gaming terminals (VGTs) to their locations and casinos lose their relative market dominance. 1 VGT background. If we look at a snapshot of things year. The state took 30 5 Total Revenue Generated from Illinois Casinos (FY 201 8 – FY 2023) 13 6 State Revenue Generated from Illinois Casinos (FY 201 8 – FY 2023) 14 7 Local Revenue Generated from Illinois Casinos (FY 2018 – FY 2023) 14 8 Adjusted Gross Receipts of Illinois Casinos 15 9 Annual Percent Change of Casino State Revenues 17 Amends Section 65 to restrict a non-home rule unit of government from imposing any fee for the operation of a Video Gaming Terminal in excess of $250 (previously $25) per year. Accel Entertainment provides the latest slot machines in the Illinois video gaming industry and will optimize machine selection for maximum revenue. Fee Sharing of Net Terminal Income May 10, 2014 1 . Signal: 312-363-7331. Under the existing law, the in-person registration. Chicago, Illinois . SECTION 3000. (SPAC) deal in. The Illinois Gaming Board began setting up system to issue licenses for the first VLTs in that state, probably early next year. Regular Meeting, Open Session Minutes . The Illinois Gaming Board reported $116. 7% lower than October’s $109. C. 1. VLT taxation is outlined in Section 3769. Illinois Gaming Board - Video Reports. Since 2012, the roughly 1,000 towns, cities and counties with video gambling have received $283 million in tax revenue, according to an analysis of gaming board data. There are some 44,000 VGT units in about 8,200 locations in Illinois. The rate increased to 33% of a VGT’s net income and will go to 34% on July 1, 2020. . Table 10: Illinois VGT Revenue Per Machine Summary Table 11: Iowa Summary Statistics for 2009 and 2016 (Revenue in Millions) Table 12: OLS Regression Results Table 13: VAR ResultsFor purposes of this Section, "undue economic concentration" means that a terminal operator would have such actual or potential influence over video gaming terminals in Illinois as to: (1) substantially impede or suppress competition. In September, these VGTs generated a Net Terminal Income (NTI) of over $236 million resulting in over $80 million of tax revenue, with the state’s share being. authorizing bars, restaurants, truck stops and other locations to have Video Gaming Terminals (VGTs), the State of Illinois has. Revenues from the machines more than doubled from 2013. 6. • In July 2009, Public Act 960034 became law, legalizing video gaming in Illinois. Fruchter • Administrator 801 South 7th Street ♠ Suite 400 South ♣ Springfield, Illinois 62703 tel 217/524-0226 fax 217/524-0228 March 1, 2022 Governor JB Pritzker Members of the Illinois General Assembly Greetings, AN ACT concerning gaming. 5% of net revenue from each gaming terminal in the city. The revenue figure is a 15. - By the end of FY 2019 (June 2019), 32,033 video gaming terminals were in operation across Illinois—up from 2,2839 in June 2018. Revenue of a little more than $1. Video poker (gross gaming revenue): - 3. The State receives 29% of the NTI generated from each licensed VGT (of that, 5% goes to the local municipality). Revenue Sharing Agreements You agree with another entity to share in the net terminal income earned from a location or a group of locations. And as gambling continues to expand across Illinois, that saying increasingly extends to state government coffers as revenue from the lottery, casinos, video gaming,. the village received $307,032 in gaming revenue, but proceeds dropped to $185,842 last year as a. Meaningful diversification requires avoidance of imbalanced use of anyAccording to data from Spectrum Gaming Group, iGaming operators in New Jersey reported gross gaming revenues of $1. Location License Web Application (for help, see the Location Application FAQs ) Truck Stop and Large Truck Stop Affidavit. 249 billion for operators during the 16-month period beginning on Feb. The growth in video gaming revenues is also evidenced by the growth in NTI per Terminal per Day, rising from around $138 prior to the pandemic to near $165 in 2022. Pritzker issued a statewide disaster proclamation in response to COVID-19. 3 million and topped the previous high of $107. (230 ILCS 40/15) Sec. | Find, read and cite all the research you need. 3 million generated in January and February combined across the state’s 11 venues. Terminal Handlers are able to access the logic door and other internal mechanisms of the Video Gaming Terminal without the physical presence of a Board agent. Here is an update from our friends at Fox Rothschild for December 2021. 230. 4 million in revenue for Q1 2022. Maximum wagers are increased from $2 to $4, and the maximum jackpot (excluding the progressive $10,000 bonus) is increased from $500 to $1,199 (to avoid W2G issuance). . Q3 2022 Illinois revenue per location per day increased 3% when compared to Q3 2021. Mount Vernon has received the most money from video gaming–$259,024 in the past year, and $686,066. See how J&J FlexPay gives establishments the. Collections from video slot machines posted the biggest gains this year, rising 6. One of them is Quincy, which has added 81 terminals in three years. 7 million of that was won by betters. The Illinois Gaming Board reported that in the one-year period between October 2022 and September 2023, total adjusted gross receipts from the State’s 15 casinos totaled nearly $1. Maximizing Your Illinois Gaming Establishment. 2 million off the top of the casinos’ take last year in tax revenue, again a 1. This legislation was passed in order to increase tax revenues from. 1 million in table and electronic gaming revenue in July, the highest total of the year to date. 100 Definitions. ”. Illinois casinos brought in more than $30 million in tax revenue during the month of May, slightly up from $29 million from May 2022. January 18, 2022 On October 28, 2021, the Illinois House of Representatives voted to pass House Bill 3136 (“HB3136” or the “Bill”) which changes the landscape on how video gaming is regulated in Illinois. 00. 6. 1800. Under the Illinois Gambling Act, the initial Owner’s licence, and any renewal, is valid for a four-year period and subject to a $250,000 renewal fee. The number of video gaming terminals increased to 43,000 by the end of state fiscal year 2022. Charitable Games Tax and License Fees. 7 million generated in March. 3%, the decline in video gaming tax revenue was not as severe at -27. 03 billion that was bet on sports in Illinois in. Terminal Operators (1) Responsibilities Operators' responsibilities include the following[7]: primary responsibility for the operation and maintenance of the VGTs; primary responsibility for payment to the State of VGT revenue taxes; Still, the industry maintained strong growth. All terminals are monitored by a Central Communication System. Everything you need to know about video gaming terminals in Illinois. Revised January 23, 2019. 2 percent to $1. 85% to the Illinois Gaming Board Video gaming revenues have proven critical for local communities to be able toThe new gaming law slightly raised taxes on gross video gaming revenue to 33% this fiscal year and 34% starting this summer, still well below several other states that tax video gaming profits at. The reason being the tax rate imposed on video gaming net terminal income was increased on July 1, 2020 from 33% to 34%. 037 billion to the State and approximately $194. Illinois ‘ 11 casinos closed 2021 with a flourish as the state’s gaming board reported revenue totaling $109. By the end of 2022, 45,008 terminals were in operation across Illinois. "Distributor" means an individual, partnership, corporation, or limited liability company licensed under this Act to buy, sell, lease, or distribute video gaming terminals or major components or parts of video gaming terminals to orGaming Act [230 ILCS 40/78 (a) (3)], which provides that the Illinois Gaming Board (Board) shall “[a]dopt rules for the purpose of administering the provisions of this Act. In 2012, Illinois passed legislation allowing video gaming terminals (VGTs) outside of casinos. In a House Executive Committee meeting in late April, online casino. CONCLUSION 91. Of the remaining 66% of NTI, a company called Light & Wonder. It permitted licenses for six new casinos, one being in Chicago. In 2021, the state agency proposed stripping the lucrative video gaming license held by Frank Cortese’s company. In Clinton, where 65 gaming terminals generated $157,702 in video gambling terminal tax revenue last year, video gambling made up about 25% of monthly revenue for Stone's End Bar & Grill, a. Overall, the state’s 11 venues generated $1. TITLE 86: REVENUE. 28-1. 0 percent Lottery (sales): + 31. 38, par. Illinois legalized the use of VGTs in certain non-casino establishments in 2009 (“The Video Gaming Act, 230 ILCS 40” 2009), but has had legal casino gambling in the form of riverboat casinos since 1991 (Dudzinski 2017). ”. 90 billion, a 10. According to his report, the state has received approximately $7. For licensed large truck stop establishments, the maximum number of video gaming terminals allowed is ten (10).