![]() An application for a sixth new casino in Danville also is under review. The Illinois Gaming Board is working with a consultant to review the applications for two others in Waukegan and the south suburbs. The casinos revenue of 25 million for the month of February, 2009 was down 9.9 from the previous year and down 24 from 2007. ![]() State regulators have given preliminary approval for gambling halls in Rockford and Williamson County in southern Illinois. As Illinois Gaming Board reports illustrate, the 2008-2009 economic recession led to an overall decrease in revenue among Illinois casinos, particularly the Grand Victoria. Yet the state’s existing casinos, which also include those in Elgin and Aurora, brought in more than $120 million in total gross receipts in July - outpacing the take during the same month in 2019, pre-pandemic - and still more new casinos are planned. Casinos are also facing new competition from the legalization of video gaming and sports betting in Illinois. Lightfoot heavily lobbied lawmakers to fix the tax structure, which they ultimately did during their pandemic-shortened session last year, handing the mayor one of her biggest victories in Springfield since taking office.ĭespite its big tourism draw, Chicago has been viewed skeptically by the casino industry, in part because of the possible tax burden. The same study that pointed to the advantage of a downtown location also argued that the project could fail to attract developers because the original tax structure lawmakers approved was “very onerous” and would have left razor-thin profit margins for the potential owner.
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