State senators quietly passed a bill April 11 that would allow the state’s riverboat casinos to relocate anywhere in Illinois, The Daily Line reports.
Chicago’s professional sports teams may support sports betting in Illinois, if they get a piece of the pie.
In Central Illinois, video gambling money is “nice to have” but not a significant source of revenue.
Donald Moffitt, who served as a Republican state representative from Knoxville in northwestern Illinois from 1993 until 2017, voted to legalize video gambling. But now that Illinois could expand it, Moffitt shared his current outlook, according to The Register-Mail in Galesburg:
The tax rate in Illinois is actually lower than many other places...
Video gambling in Illinois is taxed at 30%, with 25% going to the state and 5% to local governments. In fact, the tax rate is much lower than most other states with video gambling, according to “The Bad Bet” investigative series from ProPublica Illinois and WBEZ. Here’s how other states do it:
The companies that own and operate the machines in Illinois have reaped nearly $2 billion in revenue since video gambling went live in September 2012.
