premise that VGT gaming cannibalizes local market revenue from casinos. i) through direct deduction from the video gaming location's share of net terminal income prior to disbursement of any revenue to the video gaming location; or ii) within 60 days. 85% to the Illinois Gaming Board Video gaming revenues have proven critical for local communities to be able to The 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. So if you were to assume that everything stayed the same and just funds in resulted in more revenue you would need $7,514,462,207. In 2021, the nearly $2. The Illinois Gaming Board reported a combined $327. 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. Illinois received $91,241,300 in gaming tax revenue from January, comprised of $76,503,306 in. The splits of revenue between the Terminal Operator and Location will remain the. , a gaming terminal operator embroiled in an Illinois civil lawsuit filed by the Stella’s and Shelby’s chain of. The Video Gaming Act has outlined revenue distribution in this way: Net Terminal Income (NTI) is defined as the money put into a VGT minus the credits paid to the player. 3% to 770,693. The CSV file can be downloaded into other file types and managed for the ease of the user, however, the Illinois Gaming Board is not accountable for the reliability of disseminated information resulting from changes to the. The state took 30 percent off the top, leaving about. 00 for each video gaming terminal per license year shall be paid to the city treasurer, and that amount shall be divided with $250. ” That’s according to data from the Illinois Gaming Board. Stay informed and updated on the state of gaming in Illinois. CHAPTER IV: ILLINOIS GAMING BOARD. Electrical and mechanical parts and design principals of the Video Gaming Terminal may not subject a player to any physical hazards. “You’ve got about. If we look at a snapshot of things year. Be it enacted by the People of the State of Illinois, 3: represented in the General Assembly: 4 Section 5. Both casinos and video gaming terminal operators may return to activity when Illinois enters Phase 4 of the Restore. Slots & Analytics; Service & Support;. 3%, the decline in video gaming tax revenue was not as severe at -27. 4 billion in tax revenue to the state and local communities in calendar year 2022. The gaming board designates sales agents as PSICs when they have revenue-sharing agreements with operators. Fees: Application Fee (non-refundable): $500. Of the remaining 66% of NTI, a company called Light &. A. Over $493 million of tax dollars has already gone to the state in. The figure, published by the Illinois Gaming Board, represents a 14. There are some 44,000 VGT units in about 8,200 locations in Illinois. Your license will be issued when you are found suitable and the annual license fee is received. By the end of 2022, 45,008 terminals were in operation across Illinois. 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. , brought in $451,000 in net revenue in 2018, and it's expected to bring in $456,000 in 2019. 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. S. "In-location bonus jackpot" means one or more video gaming terminals at a single licensed establishment that allows for wagers placed on such video gaming terminals to contribute to a cumulative maximum jackpot of up to $10,000. provided any contractual relationship shall not include any transfer. 8 million. 4 million for November, with both figures representing month-over-month declines. Twenty cities with 20,000 people, including Chicago, do not allow video gaming terminals. Video Gaming License Fee: $1000. The law, effective Dec. The state took 30 percent off the top, leaving about. Here are some of the biggest changes set to come. The Illinois Gaming Board will assure video gaming terminals are located appropriately within the The Illinois Lottery will be granted a master license that will allow lottery sports betting terminals in 2,500 retail locations in the first year and 2,500 in the second year across the state. There was nearly 10% less play in January, with more. As a result, 13 terminal operators from 40 of Oak Lawn’s video gaming establishments that failed to submit the tax forms and remit push taxes for January were summoned to appear at the July 15. the village received $307,032 in gaming revenue, but proceeds dropped to $185,842 last year as a. lease or distribute Video Gaming Terminals or major components or parts of Video Gaming Terminals to or from Terminal Operators. Can I put video gaming terminals anywhere in my establishment? No. Earlier this year, the Illinois Gaming Board (IGB) implemented Administrative Rule 350. 8 million for the month of December and nearly $1. The state and municipalities share in the revenue generated through gaming. Best Gaming, owned by Carl Fenske, supplies top-of-the-line service to a. 00 paid by the video gaming terminal operator and $250. Illinois RTP is at an all-time low spanning the last decade. 6. According to the Administrator, there are almost 8,500 live video gaming locations operating in Illinois offering approximately 46,740 Video Gaming Terminals (VGTs). The state receives 29% of the VGT revenue, and the. Retail table games revenue. SECTION 3000. 85 percent to 74 percent plus $384,996. 1. Downers Grove Sets November 2024 Vote On Video Gaming Terminals. . The first machines began operating in September 2012 but the industry did not reach the half-way point of development until late in 2013. In addition, gambling laws allow for a total of 10 Illinois slot. The splits of revenue between the Terminal Operator and Location will remain. According to new figures from the Illinois Gaming Board, net terminal income — the amount of money put in minus the amount paid out — amounted to $2. The rate increased to 33% of a VGT’s net income and will go to 34% on July 1, 2020. UPDATE (2/4 12:30 pm ET) – The Illinois Gaming Board met in closed session Thursday morning to discuss the Hard Rock Rockford casino proposal. 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. New Jersey had $9. 9% improvement on March’s total of $105. The Village of Schaumburg will contact the establishment and set up an appointment. The new record is up by 35. The generated revenue can be broken down as follows: Online Slots. 1. Tim Landis Business Editor. The video gaming terminals brought in more than $166,000 for the county, and more than $50,000 was just from March 1 to March 16. The video gaming terminal operator is a person who operates video gaming terminals, such as slot machines and video poker, for a business. 03 billion that was bet on sports in Illinois in. terminals or video gaming terminals, in Illinois, Louisiana, Montana, Nevada, Oregon, Pennsylvania, South Dakota and West Virginia. 3 million and topped the previous high of $107. (3) negatively impact the purposes of the Video. Capital expenditures guidance increased due to Accel's investment in the Nebraska market and the acceleration of planned 2023 capital expenditures to 2022. The Administrator concluded by stating that the combined (video gaming, sports wagering and casino) gaming industry total tax revenue for January 1 through December 31, 2021 (exclusive of December sports wagering amounts) is approximately $1. For 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. 888-862-2235 (Sales) 888-972-2235 (24/7 Service)4 Video Gaming Terminals in Operation in Illinois 37 5 Net Terminal Income Collected from Video Gaming Terminals 39 6 Tax Revenue Collected from Video Gaming Terminals 39. 57435%. This alert provides a general summary of the gaming expansion bill followed by. BB2 / XD. As of July 2020, the tax on video gaming revenue is 34%, with 5% set aside for. Director means the director of the Department of Revenue. The report said: “State designated tax revenues from overall gaming in Illinois fell 11. The host establishment and terminal operator retain most of the gaming revenue, with about 65% of the proceeds split between those two parties. Granted more than 408 new gaming licenses and related approvals for casino gambling, video gaming and sports wagering along with renewal of existing licenses. According to Market Watch “the global Video Gaming Terminals (VGT) market reached a value of USD $845. 6% compared to the $1. Logan Jaffe. 0. Terminal Operators (or TOs) are the licensed companies that own, service, and maintain the slot machines that are placed in Illinois locations. While video gaming’s total net terminal income levels were down 32. Gamblers in Pennsylvania Enjoyed Slot Games the Most. 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. 28-1. Veterans Organization: An organization or institution organized and conducted on a not-for-profit basis with no personal profit inuring to anyone as a result of the operation and that is exempt from federal income taxation under Section 501(c)(19) of the Internal Revenue Code. For the examination of video gaming machines and associated equipment as required by this Section, the. REVENUE POTENTIAL; CONTACT; Sales: 815. B. So far, net wagering activity has totaled $3. 38, [email protected] Gaming Board Seeks $5 Million Fine Against Major Video Gambling Company Accel Entertainment. Reduced for FY2021 as part of Covid-19 Relief. 1998 COMPACT: Gross Gaming Revenue: Share to State: Up to $75m: 4%: $75m – $150m: 6%: Over $150m: 8% 2007 COMPACT: Gross Gaming Revenue:. 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. The state received $21 million in tax receipts from casino gaming in April and has collected more. Robert Rita SYNOPSIS AS INTRODUCED: 230 ILCS 40/5 230 ILCS 40/25 230 ILCS 40/30. Illinois Video Gaming Terminals (VGTs) There are currently nearly 23,000 VGTs operating in Illinois. Overall, the state’s 11 venues generated $1. Offerings First Column. PDF CSV. 49 billion in the 12-month period ending in April. A copy of valid Illinois Liquor License. 2 billion in gross gaming revenue and. 7 percent Casino gaming is the dominant sector of Louisiana [s State-regulated gambling industry. The establishment will earn 32. All TOs must abide by the state-determined profit sharing system. 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. 888-862-2235 (Sales) 888-972-2235 (24/7 Service) Offerings. 7 million in tax revenue to localities, for a grand. Because the City was using the revenue for public safety pensions and not in any relation to video gaming, the law considers it a tax – no matter what the City actually calls it – and any such tax is barred. Watch the latest video reports from the Illinois Gaming Board, covering topics such as casino operations, video gaming revenue, sports wagering and more. Limit of six terminals per establishment. You can easily find out revenue information on the Illinois Gaming Board website for your slot machine location, as well as the municipality and statewide data. imposed on licensees was 30%. Cook County estimates that video gaming in unincorporated areas will generate up to $781,000 in annual revenue for the County by 2022. 6 percent due to the state increasing taxes on VGT net income. , site, the total revenue over four years was $2. The Video Gaming Act is amended by changing : 5: Sections 5 and 60 as follows: 6 (230 ILCS 40/5) 7 Sec. B. Here’s how they work: Customers come to video gaming cafés to hang out, eat and drink, and try their luck on the video gaming terminals (VGTs) or video slot machines. Learn how they work, where to find them and how they bring the state revenue. 11 From 1984 to 1987, I served as Illinois' 12 Inspector General, a post that oversaw all licensing, 13. A judge has ruled Illinois video gambling parlors must. including as a result the suspensions of all video gaming terminal operations by the. 5 Billion in Revenue Over the Past Year October 20, 2023 New data from the Illinois Gaming Board show that casino revenue. For sports wagering, AGR was $89,047,614, generating State tax revenue of $8,200,481 and Cook County tax revenue of $661,559. "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. A portion of the tax is returned to local governments where the tax was collected. State Rep. $2,958,769 in tax revenue for the State and an additional $1,443,864 for local municipalities during the month. A video gaming terminal is any electronic video game machine that allows you to play or simulate the play of a video game. 18 Miscellaneous Gaming Revenue in Illinois 90 . Only New York did better with more than $139 million. Q3 2022 Illinois revenue per location per day increased 3% when compared to Q3 2021 Net income of $22. 4 million and $1. 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. 030, casino gaming is subject to a tax of 13 percent on the first $150m of net casino gaming receipts and 20 percent on net casino gaming receipts exceeding $150m. An open session is set for 3 pm CT/4 pm ET Thursday. Lottery revenue increased 4. Your terminal operator cannot pay you more than this amount. Legislative findings. Casino gambling, video gaming and sports wagering generated more than $1. 1 million of revenue was from penny slot games. 4 million for April, a 15. In FY2022, the State of Illinois collected nearly $1. 5 billion. video gaming terminals at bars and restaurants brought in. VLT taxation is outlined in Section 3769. 19 billion. Why do I need one?Delaware North has completed the acquisition of GEM (Gaming & Entertainment Management – Illinois LLC), the third largest video gaming terminal (VGT) route operator in Illinois. (a) Declaration of Purpose. PDF CSV. 2 billion in Net Terminal Income through the first 10 months of the year, resulting in $653 million in state. March 10, 2020. Video gaming has grown to more than 25,000 terminals at 5,800 locations in Illinois since it was legalized in 2012. According to Illinois Gaming Board data, the total money played at those terminals from January to August was $38 million and $34. 1. authorizing bars, restaurants, truck stops and other locations to have Video Gaming Terminals (VGTs), the State of Illinois has. 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. 96-0034. 07435% to the establishment and 33. (a) Manufacturer. Illinois’ tax rate on video gambling, meanwhile, is among the lowest in the country. The Basics of the Illinois Slot Machine Industry. Sometimes you win, sometimes you lose. The Illinois Gaming Board (IGB) reported casino revenue totaling $114. Every month the Illinois Gaming Board holds a meeting to discuss the gaming market. 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. In 2021, the state agency proposed stripping the lucrative video gaming license held by Frank Cortese’s company. VGTs may substitute for casino gambling and have a negative impact on casino and tax revenue. 230. 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. 1) (from Ch. and the subsequent increase in NTI and tax revenue. In terms of sports betting taxes, Illinois ranked third in June with $8. and paying a licensed location its share of the revenue. 0338; 24/7 Service; NEW TO GAMING? [email protected] revenue split is specifically dictated by the Video Gaming Act. 3%, the decline in video gaming tax revenue was not as severe at -27. Your license will be issued when you are found suitable and the annual license fee is received. The new Video Gaming Act is codified at. Casino gaming got off to a slow start in Illinois in 2022, with just $181. Offerings First Column. The single largest gaming revenue source was the Lottery, which generated $833 million, 44. Video Gaming License Fee: $1000. The Board controls a regulatory and tax collection for video gaming and riverboat casinos. Video gaming terminals, for example, have nearly doubled from $395 million in revenue during 2019 to $762 million in. 6. The Illinois Gaming Board convened for a Regular Meeting on Wednesday, December 8, 2021 at 9:00. and the subsequent increase in NTI and tax revenue. Casino Revenue Reports. You can also download annual. Illinois video gaming terminals generated nearly $2 billion in revenue in the fiscal year that ended June 30. Signal: 312-363-7331. Sports betting in Illinois will soon be permitted at racetracks, large sports stadiums, existing casinos, and online. In 2022, the VGT handle in Illinois was $31 billion. , the third largest video gaming terminal operator in Illinois, announced today a settlement. To inspect the ordinance for detailed regulations or view the fee determination, click on the related ordinance link. State lawmakers put Illinois college teams on the board under new sports betting bill. As a result, the total tax revenue for the month was $21 million. 3 Hardware Requirements-Other 1. As of July 2020, the tax on video gaming revenue is. Sometimes you win, sometimes you lose. Attributed interest means a direct. With top notch gaming terminals and the latest and greatest slot games, there’s no. 15. ”. Specifically, as amended, the Act allows up to 5 video gaming terminals (“VGTs”) to be placed at establishments qualifying as truck stops. 3 million generated in January and February combined across the state’s 11 venues. In a House Executive Committee meeting in late April, online casino. After an unexpectedly soft start to the year, revenue generated by casinos and video gaming terminals across Illinois bounced back slightly in February, but still fell short of late 2021 numbers, according to figures released by the Illinois Gaming Board. Two businesses sued, claiming that the percentage-based fee actually constituted a tax and was therefore barred by Illinois’ Video Gaming Act. 5 percent increase. The Illinois Senate passed the gaming expansion bill June 2, 2019, and sent the legislation to the governor’s desk. 9 (a) Each video gaming terminal shall be licensed by the : 10The gaming terminal for slot games is just a sell. Two-thirds of the amount deposited into the IGLE Fund is appropriated to the Department of Revenue, the Department of the State. The state’s retail and mobile sports betting operators generated $162. 593 billion in net terminal income. March represented a new single-month revenue record with a revenue of $5. The Illinois Gaming Board convened for a Regular Meeting on Wednesday, December 8, 2021 at 9:00. Here are some of the biggest changes set to come. It permitted five new racetrack casinos (“racinos”) through two measures: allowing three current race tracks to add casino gambling operations and allowing construction of. 7%. The competitive . 2% of the total. 0:05. Rule 350 was approved by the Illinois Joint Committee on Administrative Rules (JCAR) at its February 17 th, 2021. VG. A manufacturer may only sell video gaming terminals for use in Illinois to persons having a valid distributor's license. Administrator Fruchter announced that there are approximately 42,047 video gaming terminals (“VGTs”). Mayor Lori Lightfoot settled for a revenue-sharing structure. Operator revenue has totaled $2. Restriction of licensees. 2 billion in gross gaming revenue and. 8513% of the profits go to the Central Communications Service. 100 Definitions. Revenue of a little more than $1. 7 million generated in March. This legislation was passed in order to increase tax revenues from. 15 percent to 74 percent, plus $767,687. Slot machine routes, where an operator manages from 5 to 15 gaming terminals for either a space fee or a revenue share with the business owner, have attracted the interest of state lawmakers who view gaming expansion as a method to repair budget deficits brought on by COVID-19 shutdowns that reduced tax dollars. FAQ for the Cook County Video Gaming Ordinance, Secs. All license fees are paid annually as part of the establishment's business license renewal. On June 28, 2019, the Illinois Gambling Act was signed by the Governor, J. You can also find official IGB meeting minutes on. Regular Meeting, Open Session Minutes . The initial Supplier’s licence is now valid for a period of four (4) years. C. Illinois Video Gaming Terminals (VGTs) There are currently nearly 23,000 VGTs operating in Illinois. State of Illinois 2021 and 2022 HB2656 Introduced 2/19/2021, by Rep. Accordingly, the Village Board will review a proposed ordinance that could remove the. 2%, or $545. Here are some things to consider before entering in to a contract with a Terminal Operator in the Illinois Gaming Industry. Casino revenue excluding sports wagering at the state’s 11 venues totaled $93. Since 2012, Gold Rush is one of the most respected and sought out Terminal Operators in Illinois. The casino revenue figure was 4. HOFFMAN ESTATES, Ill. 00. Location License Web Application (for help, see the Location Application FAQs ) Truck Stop and Large Truck Stop Affidavit. What follows is a repost of the notes by our friends at Fox Rothschild in their “At Stake” Newsletter. 6 million, of that total amount. Here is an update from our friends at Fox Rothschild for December 2021. Business was good for everyone but Illinois race tracks. In August, Illinois casinos generated Adjusted Gross Revenue (AGR) of $124,438,614, resulting in total tax revenue of $37,849,749. Illinois Gaming Board - Video Reports. The admissions tax was increased by the. Oak Lawn, reported to have the 10th highest income. Share on: Happy holidays to you and your friends and families! On Oct. In FY 2021, video gaming machines generated $1. The breakdown of revenue sharing in the Illinois video gaming market How a Terminal Operator assists in the process This guide details how Illinois gaming revenue is. Payments must be made payable to the “Illinois Gaming Board” and sent to the following address: Illinois Gaming Board 801 South Seventh Street Suite 400 – South Springfield, Illinois 62703 Attn: Revenue Accounting. Within the capital measure to fund vertical projects, which include buildings, such as schools and recreational facilities, $150 million would come from an increase in video gaming terminal taxes. Insert your email address as your. 49 billion in the 12-month period ending in April. 1800. It is also the perfect complement to sports betting. premise that VGT gaming cannibalizes local market revenue from casinos. The Video Gaming Act has outlined revenue distribution in this way: Net Terminal Income (NTI) is defined as the money put into a VGT minus the credits paid to. - Video Gaming Act. 7 million of that was won by betters. 21 Apr, 2021, 14:18 ET. Report authors estimated that Illinois online casino gaming could have generated anywhere between $622. Video gaming has grown to more than 25,000 terminals at 5,800 locations in Illinois since it was legalized in 2012. 888-862-2235 (Sales) 888-972-2235 (24/7 Service) Offerings. 2 million off the top of the casinos’ take last year in tax revenue, again a 1. The number of video gaming terminals increased to 43,000 by the end of state fiscal year 2022. Accel is reaffirming 2022 location, gaming terminals, revenue, and Adjusted EBITDA guidance. The Illinois Gaming Board is the state regulatory and law enforcement agency that regulates all aspects of casino gambling, video gaming, and sports. The recent changes to Illinois gaming legislation have expanded the provisions for local bars, restaurants, and other. 89 million in. 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. Logan. 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. Illinois gaming revenue of nearly $1. A surge in attendance across Illinois’ 10 casinos resulted in $120. (230 ILCS 45/25-5) Sec. As of July 2020, the tax on video gaming revenue is 34%, with 5% set aside for. If an entity that has been doing business in Illinois for 48 months prior to July 13, 2009 forms a subsidiary to conduct its video gaming business in Illinois (and would therefore be the Applicant for licensure), would that subsidiary meet the residency requirement (i. 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. 3 billion in total Net Terminal Income (NTI) for that year. Accel is reaffirming 2022 location, gaming terminals, revenue, and Adjusted EBITDA guidance. 10, 2014. 22 billion. November 5, 2020. 28, 2020. The Illinois Gaming Act is. | Find, read and cite all the research you need. 28-1. Still, the industry maintained strong growth. A bill headed to the governor’s desk would set a March 5 deadline for the Illinois Gaming Board to allow sports betters to register online. M. The gaming expansion—included in Senate Bill 690—set in motion several changes in Illinois gaming. In July 2009, Public Act 96-0034 became law, legalizing video gaming in Illinois. Video Gaming Terminal- Special Gaming machines programmed to carry a variety of games such as video poker (Dadayan, 2016). 6 million. Q3 2022 Illinois revenue per location per day increased 3% when compared to Q3 2021. 35. 90 billion, a 10. March represented a new single-month revenue record with a revenue of $5. Revenue Diversification- A jurisdiction is said to have a diversified revenue structure if it relies on a variety of revenues. 5-foot-tall pole sign, replacing an existing non-conforming sign. illinois. The Illinois Gaming Board reported casino revenue of nearly $104 million and video gaming terminal revenue of $205. Video Gaming License Fee ($ 500. 1 million in. The reason being the tax rate imposed on video gaming net terminal income was increased on July 1, 2020 from 33% to 34%. 5% of the slot machine income, the TO will earn 32. Syndicated gambling. The Nevada-based sportsbook operator obtained its sports wagering management services provider license from the Illinois Gaming Board on April 27 in Chicago, granting it. Net terminal income generated from VGTs in Illinois is substantially higher than casino revenue despite the fact that the machines are not allowed in Chicago, per city ordinance. Section 3000. 7% lower than the $116 million generated in October as admissions to the state’s 11 gaming venues dipped 4. SPRINGFIELD — Even a pandemic-induced two-month shutdown could not stop the meteoric rise of the video gaming industry in Illinois, which posted a record $1. There are more than 10,800 slot machines in Illinois casinos, ranging from 1-cent to $100 per play. 7% tax rate in June. 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. Gold Rush Gaming, Inc. 34% increase over October 2022’s earnings of $124,507,915. For questions regarding floor plan requirements or the building permit process, please contact Community Development at (847) 923-4420. 5% drop compared to 2018 and nearly 21% less than what was collected in 2012. 1 VGT background. The next biggest gaming revenue in this five-year period was video gaming, which was legalized in July 2009 with P. 160 North LaSalle ♠ Suite 300 ♣ Chicago, Illinois 60601 ♥ tel 312/814- 4700 ♦ fax 312/814-4602. See how J&J FlexPay gives establishments the. Back in October 2022, Penn announced plans to relocate its suburban Chicago casinos to new land-based facilities. According to Illinois Gaming Board numbers, the 148 video gaming terminals in 30 Elgin locations generated about $6. One store under the BP brand in Johnsburg, Ill. 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. 9 billion in total gaming revenues. The Video Gaming Act is amended by changing : 5: Section 35 as follows: 6 (230 ILCS 40/35) 7 Sec. 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. As a result, the total tax revenue for the. Given the bills we’ve seen, proposed tax rates are somewhere in the. “VGTs offer better games, more robust regulation and, most importantly, more revenue. The bill provides the department shall determine and each terminal operator licensee shall pay, on a bimonthly basis, a tax of 34% of its gross terminal revenue from all video gaming terminals operated within the Commonwealth and a 4% local share assessment from its gross terminal. , Rock Island, have exploded in numbers in Illinois. Illinois sportsbooks set a record for handle in January and topped $1 billion for the fourth straight month. Illinois is home to 12 casinos, more than 8,300 licensed video gaming establishments and nine sportsbooks. 593 billion in net terminal income. 2 million handle, resulting in a 3. 25. New York, which has a 51% tax rate, collected $53 million in taxes in June. Such other person as the Illinois Gaming Board may determine for reasons consistent with the Act and this Part. 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. Revenue sharing; Local Government Video Gaming. Limit of six terminals per establishment.