Illinois video gaming revenue split. Cory Aronovitz is the founder of the Casino Law Group in Chicago. Illinois video gaming revenue split

 
 Cory Aronovitz is the founder of the Casino Law Group in ChicagoIllinois video gaming revenue split  These establishments may have up to 5 state regulated gaming machines

19 Miscellaneous Gaming Revenue in Illinois 92 CONCLUSION 93. dollars) Premium Statistic Premium PC games revenue worldwide 2008-2024, by categoryHowever, Potawatomi gaming revenue can be estimated because the tribe pays the city and county of Milwaukee 1. Minimum requirements for licensing and registration. It is comprised of a 15% state gaming tax and a 2. Slot machines continue a 2023 hot streak. Illinois video gambling put $786 million into the state’s coffers in 2022 and $135. 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. 6362%. Close to half favored a 10% or 15% split, while nearly a fifth said a 5% or 10% split would be fairer. 9% increase from the $105. 35 billion, according to the annual. The Prairie State is home to various gaming vendors and commercial. VG. The new record is up by 35. This segment is mainly defined by Office but also includes LinkedIn and Dynamics. 5% to the terminal operator. The revenue split is specifically dictated by the Video Gaming Act. 3 billion (FY 2022). 2 Be it enacted by the People of the State of Illinois, 3: represented in the General Assembly: 4 Section 5. That would mean a change to the city's current fee structure: Bars and gaming companies split a $500 fee, but onl…This guide details: How Video Gaming Terminal (VGTs) work. Bally’s Buoyed By Chicago Casino’s Successes In Q3 Earnings Report. 71 billion in 2022, a 9. Illinois’ tax. The Basics of the Illinois Slot Machine Industry. There is a 15% tax rate if you earn $600 or more betting on sports in Illinois. (230 ILCS 40/15) Sec. 9 million in CY 2014 to $72. Licenses and Fees. 10 billion in 2023, growing at a CAGR of 8. For February, the 11 gaming facilities reported over $115 million in total gaming revenue. (The completed affidavit must be emailed to IGB. The revenue from the COAMs is split by law between the location, a Master Licensee (which owns and maintains the COAMs) and the State of Georgia. The revenue split between Location and Terminal Operator and Location will remain the same, however. How many video gaming terminals will be allowed. However, municipalities’ cut was 5% then and remains 5% now. The Illinois Slot Machines Revenue is Split Between: State of Illinois: 29%. The Video Gaming Act specifies the percentage splits of the revenue from VGTs. Hochberg did not. This report is the Commission’s 202 3 edition of Wagering in Illinois. dollars) [Graph], American Gaming Association, May 16, 2023. The revenue figure is a 15. 595 Temporary Identification Badge. The gambling opportunities here are not as abundant as those in states like Nevada, but this hardly impedes the growth of the local industry. According to video gaming revenue reports from the Illinois Gaming Board, since September 2012, gamblers have wagered almost $34 billion on video gambling machines. 8% drop compared to December’s total of $216. Casinos have been allowed in Illinois for more than 30 years, but legislation legalizing video gaming didn’t come until 2009. a great way to scale and build extra Illinois gaming revenue for your business!. In addition, gambling laws allow for a total of 10 Illinois slot. 5 percent increase. Last updated on: June 22, 2023, 09:56h. 5 million in CY 2019. Sometimes you win, sometimes you lose. Commission on Government Forecasting and Accountability COMMISSION CO-CHAIRS Senator Heather Steans Representative C. The tax revenues collected from the state gaming tax has steadily increased from $17. 15% to the venue and terminal operators; • 29% to the state; • 5% to the municipality or county where the video gaming terminal is located; and, • 0. PDF CSV. Casino gaming got off to a slow start in Illinois in 2022, with just $181. In six years, the number of Illinois communities banning video gaming has fallen from 63 percent to 36 percent. 00. Video gambling is taxed at a flat rate of 30 percent regardless of how much the industry makes. illinois. When COVID-19 pulled the plug on Illinois gambling, it took away a reliable source of money for municipalities. 3% annual increase. Even if no costs are split, a TO must still file a report. Municipality tax share receives 5%. Show Answer. Raking in more than $833 million, lottery. SPRINGFIELD — If the state of Illinois wants more revenue from video gaming, one gaming industry executive said Thursday, lawmakers should loosen betting restrictions rather than raise video. The breakdown of revenue sharing in the Illinois video gaming market. The state took 30 percent off the top, leaving about. 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 Casinos and Video Gaming in Illinois 54 LOTTERY 57 The quiet engine of Illinois gaming revenue, video gaming terminals (VGTs), also sputtered out of the gate to start the new year in comparison to the close of 2021. B. AN ACT concerning gaming. 5% for all VGTs at retailers, the lowest report win% every for Illinois. As of July 2020, the tax on video gaming revenue is 34%, with 5% set aside for municipalities and the rest going toward a state fund for capital projects. 22. Illinois Video Gaming Revenue Reports. Charitable Games Tax & License Fees. 8% drop compared to December’s total of $216. Maximum bets placed on each machine will increase to $4 from $2. The machines paid out about 92 percent of the amount wagered, or $39. Patrons in McHenry County spend $294M on video gaming Revenue source benefits economy. That left $3. dollars. 16 Illinois Video Gaming Statistics by Fiscal Year 38 17 Video Gaming Statistics by Illinois County 40 18 Video Gaming Statistics per County Population 41. 9 million in CY 2014 to $72. There are nearly 24,000 video gaming machines in Illinois, and the amount played over the last few years is in the billions of dollars -- with a b. The state’s cut was previously 25%, but was raised to 29% in 2020 following the signing of an omnibus. BELLEVILLE — At Crehan's Irish Pub and Banquet Center in Belleville, the five video gaming terminals brought in more than $196,000 in net income in 2018. (b) Distributor. 110, any applicant to become a licensed video gaming location, any person who the terminal operator has reason to believe may apply to become a licensed video gaming location, and including the video gaming location's owners, employees, agents. Get gaming in your establishment the right way. Watch now: These Illinois municipalities are looking for a bigger cut of video. The justification for levying a gross gaming revenue tax on sports betting operators could be appropriate were it in lieu of the corporate income taxA corporate income tax. 19 Video Gaming Statistics by County Ranking 42 20 Top Municipalities with Video Gaming 43 21 Highest Populated Cities without Video Gaming 45 Video Gaming Related Charts: 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 Illinois Policy confirmed that “ [VGTs] have nearly doubled from $395 million in revenue during 2019 to $762 million in 2022. 85% to the Illinois Gaming Board Video gaming revenues have proven critical for local communities to be able to Monthly player win% at Illinois VGTs, 2012-2022 [Illinois Slots Return-To-Player] In April 2022, the statewide average player win percentage was 91. machines an “unintended consequence” of Illinois’ video gaming. In 2019, new gaming legislation increased the state’s VGT revenue split from 25% to 29%. Based on a projected daily income of $70 to $90 per machine, new video gaming receipts would total $3. Cohen recently ruled. Get gaming in your establishment the right way. 59 billion, while adjusted gross receipts for Illinois’ 10 casinos dropped to $1. By BRITTANY KEEPERMAN. For. Illinois’ tax. 6% in. In addition, the Illinois Gaming Board announced that all video gaming operations will continue to be suspended until at least April 8th. US Legal Forms is the industry leader in affordable access to state-specific form templates. Additionally, beginning on. Your terminal operator cannot pay you more than this amount. For inquiries regarding video gaming disbursements, please call 217-524-0226 or send an email to [email protected] Gaming Board Meeting Schedule and Documents Access information about the Illinois Gaming Board Meeting dates, minutes and audio. Illinois’ tax. Today, more than 8,400 licensed video gaming locations operate over 46,400 VGTs across the state – comprising the largest video gaming network of its kind in the world. While being just above Louisiana, Illinois’ tax on video gaming remains well below those in effect in Oregon, Pennsylvania, South Dakota, and West Virginia, all of which have rates of 50% or higher. provides the latest slot machines in the Illinois video gaming industry and will optimize machine selection for maximum revenue. State and local governments collected more than $900 million in tax revenue from traditional video gaming machines in 2022. The State collects license fees and video gaming taxes from video gaming terminals at locations throughout the state. 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. "This is a big win for Scientific Games as Illinois could grow to be the largest video gaming network in the country with the potential for up to 60,000 terminals," said Brennen Lawrence, Vice. Sports betting in Illinois will soon be permitted at racetracks, large sports stadiums, existing casinos, and online. Video Gaming. 037 billion to the State and approximately $194. Learn more. Illinois Gaming Board records show the Underpass gambling machines had a net income of more than $380,000 over the past 12 months — profits that Heidner is required under state law to split 50. According to the complaint, the expansion would create a spot. For the examination of video gaming machines and associated equipment as required by this Section, the. 00 per VGT per year, whereas Orland Park charges an annual fee of $1,000 per. According to data from the Illinois Gaming Board (IGB), total adjusted gross receipts for February totaled $115,016,246. Even during 2020, when the world took a pause, VGTs continued to bring in millions of dollars. The law upped the state’s take of video gaming revenue to 34% — with 5% set aside for municipalities and the rest going toward a state fund for capital projects. Issue 1: Most states tax adjusted casino revenue and use the taxes to fund state and local programs. Access information about monthly revenue data for Video Gaming statewide, by municipality, or establishment. For information on video gaming, visit the Illinois Gaming Board's website at 230 ILCS 40/1 et seq. News Section. 9 million to each government for the. One of the reasons for the decline is the emergence of other forms of gaming which weren’t available to Illinoisans in 2012. Pritzker's plan to raise taxes on revenue from video-gaming terminals, which currently stand at 30 percent. terminals or video gaming terminals, in Illinois, Louisiana, Montana, Nevada, Oregon, Pennsylvania, South Dakota and West Virginia. When. According to the Administrator, there are 8,425 licensed video gaming locations operating in Illinois offering approximately 46,740 Video Gaming Terminals (VGTs). 9 million - Year-over-year change: 60. Illinois passed the Video Gaming Act in 2009, enabling individual municipalities to allow VGTs. 21 to fine Fair Haven Lanes and Gregg's Olde Town Tap $25,000 for alleged video gambling violations. Video gaming terminals, for example, have nearly doubled from $395. 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. In December, the Illinois Legislature passed new rules that require all fees to be split evenly between the local bars and the "terminal operators" – the companies that own and supply the gambling machines. However, municipalities’ cut was 5% then and remains 5% now. Illinois Gaming Board. 4 billion in gaming revenue. Collections from video slot machines posted the biggest gains this year, rising 6. “More and more local governments searching for additional revenues are turning to video gaming as a new revenue source,” state lawmakers wrote in their “Wagering in Illinois: 2019 Update” report. 5% community investment obligation. 0 million - 2020 tax revenue: $350. 19 billion. Readily Available. 9 percent in the previous quarter to 1. , regulates the operation,. See 230 ILCS 10/5(b)(1). CHICAGO — With the Illinois General Assembly poised to consider a tax hike on video gambling, some key lawmakers and their family members have developed previously undisclosed financial. The tax on gaming establishment revenue has gone up from 30% to 33%. One of them is Quincy, which has added 81 terminals in three years. Since video gaming’s inception, casino revenues have declined 20. Since 2012, the village has brought in more than $370,000. Two gaming operator businesses - J&J Ventures and Accel Entertainment - sued Pekin, claiming that the percentage-based fee actually constituted a tax and was therefore barred by Illinois’. 00 per terminal. 9bn, coming close to the largest in the state’s history. Video gaming machines have been popping up in Illinois bars and restaurants for nearly four years. January 18, 2022. Source: Illinois Gaming Board. The remaining 70 percent of the income is split evenly between the business that hosts the video gaming terminals and the terminal. Terminal Operator: 32. New Jersey took sports gambling to the Supreme Court in 2018. 7% from the previous high, set in 2019, when the Prairie State generated $1. 36 billion for fiscal year 2021, which ended June 30, up 11% from the previous year, according to an annual wagering report. These games have rising levels of difficulty, which raises the consumer's desire to play the game. Unlike YouTube and Facebook Gaming which split revenue 70/30 in favor of creators, Twitch’s streamers receive a 50/50 cut. At Stoney’s Restaurant at Voorhees and Collett streets, Michelle Tabels also is ready to see video gaming revenue again. (Chris Sweda / Chicago Tribune) It’s illegal in Illinois for operators to own both a video gambling cafe and the. In 2022, mobile games are projected to account for 50 percent of global gaming market revenues. And consumer spending levels continue to remain strong. This report is theCommission’s 2019. 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. 6 billion was wagered on VGTs in December. Maximum bets placed on each machine will increase to $4 from $2. 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, And a provision appears in both the Illinois Gambling Act and Video Gaming Act that makes it clear that conflicts in the two Acts are resolved in favor of the Illinois Gambling Act. The easiest way to understand gambling in Illinois is that all gambling is illegal unless specifically allowed by the Criminal Code. 50%: Iowa: Multiple, mobile and retail: 6. 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). Recent NewsArcade games are coin-operated machines that can be found in public venues such as game parlors, amusement arcades, and shopping malls. If your video slot machines malfunction, this may impact the Illinois gaming revenue that your bar or restaurant earns for the month. 9 billion, the industry paid about $819 million in taxes, a rate of 42 percent. According to Market Watch “the global Video Gaming Terminals (VGT) market reached a value of USD $845. Video gaming machines starting spewing out the green in the fall of 2012. Full Compliance with the Illinois Video Gaming Act (230 ILCS 40). A hard copy of the Act can be found in the printed Illinois Compiled Statutes (any publisher), which is available at all law libraries and many public libraries. Some municipalities may impose a “permit fee” for each Video Gaming Terminal (“VGT”) (Slot Machine) or for your establishment in general. 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 approximately $68. If enacted, Illinois will increase its gaming positions to approximately 39,000, excluding video gaming. Record lottery sales helped boost Illinois gaming tax revenue to $1. Share. 7% for all VLT at retailers. 19 Video Gaming Statistics by County Ranking 41 20 Top Municipalities with Video Gaming 42 21 Highest Populated Cities without Video Gaming 44 Video Gaming Related Charts: 4 Video Gaming Terminals in Operation in Illinois 35 5 Monthly Net Terminal Income from Illinois Video Gaming Machines 37 6 Net Terminal Income Collected from Video Gaming. we can reasonably compare it to the Illinois video gaming market. Casino tax revenue is a benefit. 90 billion, a 10. 3% from $1. Video Gaming Amendments. (b) Distributor. Most recent revenue data was reported for. 3% annual increase. Denied Applicants. Overall, the state’s 11 venues generated $1. S. Stay informed and updated on the state of gaming in Illinois. 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. 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. Illinois; Indiana; Missouri; Nebraska; Near Carolyn; Pennsylvania; Amusement Locations. Economic Impact $6. State gaming revenue and tax totals do include internet(b) Distributor. Still, it’s a figure less than officials had bet on two-a-half years ago, in June 2019, when a major gambling expansion law authorized six. $15,000 for three years. Illinois’ Gaming Board lists 83 different sites hosting Illinois slot and video poker games, 433 of them in total. 4 million in revenue for Q1 2022. The Illinois Video Gaming Act was enacted on July 13, 2009 to help fund a $31 billion State multi-faceted infrastructure improvement plan. State of Illinois tax share receives 25%. The net terminal income of close to $195. 94%. Municipalities with the machines brought home a share of $135. Parlor chain owners had sued the Illinois Board and the Illinois Machine Gaming Operators Association contending owners and terminal operators should be allowed to. Page 31 Empress Casino – Joliet,. Of the remaining 66% of NTI, a company called Light & Wonder. a great way to scale and build extra Illinois gaming revenue for your business! Illinois gaming has improved in other respects as well. Again, use the information on those forms to report your sports gambling winnings to the IRS and the state. The Illinois rules allow for so-called “puffery” promotions, according to the gaming board, such as “best bar in town” or “best nachos south of I-80. REVENUE POTENTIAL; Marketing; CONTACT; Sales: 815. $97. Lottery revenue increased 4. 15. 31, 2022. 1. From our outstanding record of improving our locations’ gaming revenue to our superior customer service, we value our locations as our partners in. 6. Video gaming currently represents about 41% of wagering revenue, while lottery makes up nearly 44%. However, when combined with video gaming totals,. Illinois video gaming terminals generated nearly $2 billion in revenue in the fiscal year that ended June 30. Locations. Illinois has 90 cities with more than a population of more than 20,000 people. Tax Structure: Internet casino gaming revenue is taxed at an effective rate of 17. That’s an average of just 5 machines per site, though we know that number is skewed by the presence of the Hollywood Casino & Hotel. That’s not chump change. Licensing COMMERCIAL GAMING Operator: Under the Illinois Gambling Act, the state’s ten existing riverboat casinos may move on land and six new casinos have been authorized. 2 billion and $1. AN ACT concerning gaming. Watch the latest video reports from the Illinois Gaming Board, covering topics such as casino operations, video gaming revenue, sports wagering and more. March represented a new single-month revenue record with a revenue of $5. 8 million. when the costs are equally split between the terminal operator and video. Annual state gaming license is $100. Increased Taxes. PDF CSV. 7 AGR of Illinois Casinos vs NTI of Illinois Video Gaming Machines 47 8 AGR of IL and IN Casinos vs NTI of Terminals in Chicago Area 49 9 AGR of IL and IN Casinos vs NTI of Terminals in Chicago Area (Stacked) 49. The net proceeds from video gaming terminals are divided as follows: • 65. Illinois Gaming Board - Video Reports. video game industry 2017-2023. That’s up 4% from the previous monthly record of $1. Video Gaming Estimate Methodology Illinois Coin Machine Operators estimate 15,000 liquor pouring estimate 15,000 liquor pouring establishments in Illinois. He stated that there are currently 12 operating casinos, nine sportsbooks, and 8,299 licensed video gaming establishments operating 4,702 video gaming terminals (VGTs). Under the Illinois Video Gaming Act passed in 2012, the operators must split their proceeds evenly with the local businesses. 2% of the total. Access information about monthly revenue data for Video Gaming statewide, by municipality, or establishment. VIDEO GAMING REVENUES: The Illinois Gaming Board provides detailed revenue information for the municipalities os. Illinois collects a 30 percent tax on net terminal income, or the amount gambled minus what is paid out, with 25 percent going to the state and the other 5 percent going to the local municipality or county. S. Offerings First Column. More than $7 million of that is income FJC gets to split with the. The IGB consists of five Board Members appointed by the Governor and confirmed by the Senate. 3 million generated in January and February combined across the state’s 11 venues. i . Mount Zion had $18 million played on its 18 machines, and Warrensburg. 6 billion in. 35 billion in operator revenue in 2022, an increase of 13. gov, average location. We also work towards increasing revenue at our locations. Public Act 96-0034 became law, legalizing video gaming in Illinois. " "The Video Gaming Act fails to provide enough money to cover the regulatory costs. J. IGB. 5%. See full list on pjstar. TruckStop@illinois. To date, the machines have generated $400 million in municipal tax revenues and $2 billion for the state. 2024 Election; Nevada; Clark County; Las Vegas; Nation and World; Science and. No. 5 billion at Illinois video gambling machines, according to data from the Illinois Gaming Board. All location data is as of Dec. The reason being the tax rate imposed on video gaming net terminal income was increased on July 1. 9 billion, the industry paid about $819 million in taxes, a rate of 42 percent. Earlier this year, the Illinois Gaming Board (IGB) implemented Administrative Rule 350. According to IGB figures, there are now 4,965 locations licensed for video gaming; Illinois has gone from having just 10 locations with state-sanctioned gaming, to having. - 2021 tax revenue: $562. Sayad said he would vote in favor of allowing video gaming throughout Des Plaines as long as it does not. More than $1. The law had the following effects: Authorized VGTs at the DuQuoin and Illinois state fairs. Signal: 312-363-7331. A $43 million local industry, to be exact. This is. This could bring the total number of video gaming machines in the state to more than 7,000. 3%, the decline in video gaming tax revenue was not as severe at -27. Cory Aronovitz is the founder of the Casino Law Group in Chicago. Lottery still top revenue source but video gaming rises most. Learn more about the Illinois video gaming market and how Accel Entertainment can help your Illinois establishment profit through slot machines. Video gambling is taxed at a flat rate of 30 percent regardless of how much the industry makes. If the legislature had not taken action before wrapping up the session this week, such betting would have ceased July 1. Quarterly gaming revenue grew year-over-year across all verticals, with single-quarter revenue records across both land-based and online casino gaming verticals. 7 million generated in March. One of the locations is at Mike and Denise's Pizzeria. The state took 30August 3, 2021. The competitive . Consider another perspective: 25% of gaming revenue goes to the state of Illinois while 5% of the revenue from video gaming machines stays in the communities which allow them. On October 28, 2021, the Illinois House of Representatives voted to pass House Bill 3136 (“HB3136” or the “Bill”) which changes the. (c) Terminal operator. This backlash didn't come from left field: It was a trend building steadily over the last. call us at 312. As of February, there were more than 45,100 video gambling terminals across more than 8,200 venues throughout. 2%. Revenue growth in total land-based gaming—encompassing casino slots, table games and retail sports betting—accelerated from 0. News. Year-on-year growth in social and casual gaming was 3. The Act details how the taxes received from the new casinos will be split among the various municipalities – significantly, the tax revenue from the Chicago casino (subject to appropriation) will be applied to the city’s obligation to fund pension payments. The Act mandates the following percentage splits 33% to the state and municipality,. The state’s share of tax revenue fell by $56 million to about $342 million, despite increasing the video gaming tax rate from 30% to. In December alone, Illinois municipalities that offer video gaming shared $1. The decrease in net video gaming revenue is largely attributable to the temporary shutdown of Illinois video gaming from March 16, 2020 to June 30, 2020, due to the COVID-19 outbreak which impacted 106 of the 274 gaming days (or 39% of gaming days) during the nine months ended September 30, 2020, partially offset by the acquisition of. From there, it would depend on how much the revenue is taxed. Go to Service. It will still be a 50/50 split of the balance. Beginning on July 1,. Your terminal operator cannot pay you more than this amount. The Video Gaming Act stipulates that the revenue from the video gaming terminals is split between the State of Illinois which receives 30%, the licensed establishment which receives 35%, and the terminal operator which receives 35%. Size of circle indicates number of casinos in the area. There are many similarities between the Georgia COAM market and the Illinois video gaming market. Revenue of the U. Scientific games receives . io allows developers to set their own split, with a default cut of 10%. Funded in part by his wealthy family and aided by a personal connection at the Illinois Gaming Board, Andrew Rubenstein’s Accel Entertainment now owns a third. Limit of six terminals per establishment. 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. Learn about the slot machine business in Illinois and how you can increase revenue using VGT slot machines. Oak Lawn invented the push tax because it was upset that it wasn’t getting a proper cut of VGT revenue. Video gaming machines have been popping up in Illinois bars and restaurants for nearly four years. Still, it’s a figure less than officials had bet on two-a-half years ago, in June 2019, when a major gambling expansion law authorized six. Stay informed and updated on the state of gaming in Illinois. For context, Illinois’ general funds revenue in fiscal year 2015 totaled $36. 6 billion. “Ever since its inception, video gaming in Illinois has been on an upward. Electronic Arts (EA) net bookings as of Q2 2024, by platform; Share of households using consoles to play video games in New Zealand 2013-2021; WeMade sales revenue worldwide 2015-2022The rest is split evenly between the businesses hosting the gambling and machine operators. 6362%. In FY2022, the State of Illinois collected nearly $1. If each establishment had the allo If each establishment had the allotted 5 video gaming machines, a potential of 75,000 video gaming machines75,000 video gaming machines could. 41 billion in 2021, up more than $600 million from 2020. Licenses and Fees. Regular License. However, video gaming is now a close second source of revenue, with $762 million being collected in FY2022. Self-exclusion: The Illinois Gaming Board operates a state-wide voluntary self-exclusion program for problem.