As more gamblers turned to video slots and poker, the state’s cut of gambling profits dropped. Video gaming revenues for the City of Danville can total upwards of about $30,000 monthly. 9 percent in the previous quarter to 1. 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. 9 billion, the industry paid about $819 million in taxes, a rate of 42 percent. Learn more about the Illinois video gaming market and how Accel Entertainment can help your Illinois establishment profit through slot machines. Still, the industry maintained strong growth. Illinois Casino Outlook Steady as New Supply Comes to Market. 22 billion. In July 2009, Public Act 96-0034 became law, legalizing video gaming in Illinois. For context, Illinois’ general funds revenue in fiscal year 2015 totaled $36. Sayad said he would vote in favor of allowing video gaming throughout Des Plaines as long as it does not. 6 billion. $500 for one year. (Chris Sweda / Chicago Tribune) It’s illegal in Illinois for operators to own both a video gambling cafe and the. Cohen recently ruled. 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. CONCLUSION 91. Illinois has 90 cities with more than a population of more than 20,000 people. 3% from $1. According to video gaming revenue reports from the Illinois Gaming Board, since September 2012, gamblers have wagered almost $34 billion on video gambling machines. 18 Miscellaneous Gaming Revenue in Illinois 91 . ” These changes will come into effect after June 1, 2023, and streamers will only be affected when it’s time for their. Municipalities with the machines brought home a share of $135. 21 Miscellaneous Gaming Revenue in Illinois 91 CONCLUSION 92. Access information about monthly revenue data for Video Gaming statewide, by municipality, or establishment. The state’s cut was previously 25%, but was raised to 29% in 2020 following the signing of an omnibus gaming. This marks the first $60 billion year for the commercial gaming sector, passing the previous record of $53. 35. Accel Entertainment provides the latest slot machines in the Illinois video gaming industry and will optimize machine. Illinois casino revenue totaled $122. The initial Supplier’s licence is now valid for a period of four (4) years. 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. 9% increase from the $105. 9 million to each government for the. Section 1800. The gaming market is estimated at $245. Video Gaming (March) Total. Washington, D. 5 billion at Illinois video gambling machines, according to data from the Illinois Gaming Board. Video Gaming Applications & Forms. The tax revenue will continue to contribute to the State’s Capital Projects Fund. Tax Types Tax Rates Fees Bingo Tax and License Fees 5 percent of gross proceeds Regular License $200 for one year Limited License $50 for one year Premise Provider License. Based on a projected daily income of $70 to $90 per machine, new video gaming receipts would total $3. 71 billion in 2022, a 9. 322. will be a price to pay if bar owners in Collinsville want video gambling terminals in their establishments, following the City Council's approval Nov. The net terminal income of close to $195. The bill will permit sports wagering, including online/mobile, a Chicago casino, five additional casinos, slots and table games at racetracks, possible slots at the Chicago airports, an additional video gaming terminal at each establishment and in some instancesThe IGB is a state agency composed of five members who are responsible for implementing and enforcing the Illinois Video Gaming Act, 230 ILCS 40/1 et seq. Illinois gambling tax revenue fell 13. Illinois is on pace for four new casinos in 2023, but the state’s tax payout from video gambling in local bars and restaurants remains a much bigger win. i EXECUTIVE SUMMARY This report is the Commission’s 2021 edition of Wagering in Illinois. What type of fees do I have to pay for Illinois video gaming? One-time Application fee to the Illinois Gaming Board is $100. The Illinois Slot Machines Revenue is Split Between: State of Illinois: 29%. 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. It will still be a 50/50 split of the balance. $50 for one year. The rest. 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. Licenses for the operation of at most five VGTs can be given to retail establishments that serve. 4 million, data from the Illinois Gaming Board shows. IGB. Your terminal operator cannot pay you more than this amount. See full list on pjstar. A report produced by one of the game providers the IGB recognizes, Accel Entertainment, says that VGT operators in IL generated over $145. Of the remaining 66% of NTI, a company called Light & Wonder. In 2022, social and casual gaming revenue in the U. Collections from video slot machines posted the biggest gains this year, rising 6. 90 billion, a 10. Nothing Outsourced. $5,000 for one year. TruckStop@illinois. Supplier and Manufacturer License. For the most part, the increase in gaming machines and in revenue across the state has been steady. Access information about monthly revenue data for Video Gaming statewide, by municipality, or establishment. Gross Gaming Revenue $5. Get to Know Illinois Video Gaming Act of 2021. Decatur had $878 million played on 447 machines since 2012, and today there are 81 establishments with the gaming terminals. The top five video gambling operators control nearly 50% of the market, reaping nearly $1 billion in revenue between 2012 and 2018, according to an analysis of gaming board data. Pritzker has signed into law the far-reaching gaming expansion bill passed by the state legislature early in June, paving the way for the roll-out of regulated sports betting. (2) No video gaming terminal licensed under this Act may be played except during the legal hours of operation allowed for the consumption of alcoholic. One of the reasons for the decline is the emergence of other forms of gaming which weren’t available to Illinoisans in 2012. S. This amount is cumulative over the course of the year. In CY Evanston’s City Code 9-5-8 prohibits local eateries and watering holes from participating in the Illinois Video Gaming Act. This new rule brings welcome definition and clarity to what constitutes an inducement in the video gaming industry. 4 million and $1. Record lottery sales helped boost Illinois gaming tax revenue to $1. 17 Video Gaming Statistics by Illinois County 40 18 Video Gaming Statistics per County Population 41 19 Video Gaming Statistics by County Ranking 42. In CYEvanston’s City Code 9-5-8 prohibits local eateries and watering holes from participating in the Illinois Video Gaming Act. 55 Billion. Further, the IGB provides monthly return statistics for Video Gaming. If enacted, Illinois will increase its gaming positions to approximately 39,000, excluding video gaming. Tax Structure: Internet casino gaming revenue is taxed at an effective rate of 17. As more gamblers turned to video slots and poker, the state’s cut of gambling profits dropped. 6. Since video gaming’s inception, casino revenues have declined 20. 00 per VGT per year, whereas Orland Park charges an annual fee of $1,000 per. 5 percent. Revoked Licenses. 888-862-2235 (Sales) 888-972-2235 (24/7 Service) In Cook County, 31 municipalities do not allow video gaming, two limit it and 89 allow it, according to the Illinois Gaming Board. Readily Available. 2020. The machines paid out about 92 percent of the amount wagered, or $39. Illinois video gaming terminals generated nearly $2 billion in revenue in the fiscal year that ended June 30. It will still be a 50/50 split of the balance. A person may not sell, distribute, or lease or market a video gaming terminal in Illinois unless the person has a. Illinois’ tax. The IGB is a state agency composed of five members who are responsible for implementing and enforcing the Illinois Video Gaming Act, 230 ILCS 40/1 et seq. Y. To inspect the ordinance for detailed regulations or view the fee determination, click on the related ordinance link. Licenses and Fees. In 2022, gamblers wagered roughly $10. 8% to $814. 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. The story behind the push tax in Illinois. Casinos have been allowed in Illinois for more than 30 years, but legislation legalizing video gaming didn’t come until 2009. 00 per terminal. 0 million - 2020 tax revenue: $350. 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. Annual state gaming license is $100. You should receive a Form W-2G from each sportsbook that paid out to you. A manufacturer may only sell video gaming terminals for use in Illinois to persons having a valid distributor's license. In addition, gambling laws allow for a total of 10 Illinois slot. Gold Rush Files Countersuit in Illinois Case, Alleges Conspiracy by Gaming Cafés and Rival Vendor. The lottery is still the state’s biggest source of wagering revenue but video terminals in. Exit Conference The Illinois Gaming Board waived an exit conference in a. Rule 350 was approved by the Illinois Joint Committee on Administrative Rules (JCAR) at its February 17 th, 2021 meeting, and. 89 million in. If we look at a snapshot of things year. TheUnlike Loves Park, Illinois' gaming recovery is slow as the Commission on Government Forecasting and Accountability reports the state lost nearly $200 million in revenue during fiscal year 2020. 8 billion was taxed of. 2 The Status of Illinois Gaming, Based on Revenue, Gaming Hold, & Per Capita Spending 5 . In six years, the number of Illinois communities banning video gaming has fallen from 63 percent to 36 percent. Video gaming currently represents about 41% of wagering revenue, while lottery makes up nearly 44%. Section 1800. 8% drop compared to December’s total of $216. That’s a small part of the total global video games and esports market, which is expected to be worth US$162bn in 2023. D. D. The new gaming legislation led to changes in taxes that are imposed on licensees. Show Answer. 8 million. Video gaming machines have been popping up in Illinois bars and restaurants for nearly four years. If we look at a snapshot of things year. Note: Sports Wagering revenue figures are not due to the Illinois Gaming Board until the last day of the month following the month the revenue was earned. Year-on-year growth in social and casual gaming was 3. Beginning on July 1,. 2 Be it enacted by the People of the State of Illinois, 3: represented in the General Assembly: 4 Section 5. 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. Illinois Gaming Board. The Illinois Gaming Board submitted this report to the General Assembly on March 30, 2023 that detailed the effect of removing non-cashable vouchers, coupons, and electronic promotions from the AGR calculation on net gaming revenues to the State in calendar years 2020 through 2022, the increase or reduction in wagerers as a result of removing non. A manufacturer may only sell video gaming terminals for use in Illinois to persons having a valid distributor's license. Limited License. The complaint alleges that the company illegally paid over $21,000 to build an addition to a restaurant in a Chicago suburb in 2020. However, municipalities’ cut was 5% then and remains 5% now. January 18, 2022. In an attempt to disrupt the market, the Epic Games Store only takes 12%, and independent platform itch. The Video Gaming Act (230 ILCS 40) is available online on the Illinois General Assembly website. The Illinois State Fair can now operate up to 50 VGT’s; the DuQuoin State Fair can operate up to 30. Still, the industry maintained strong growth. With last year’s gaming expansion law, Illinois increased the tax on video gaming machines by 4%, putting the new tax rate at 34%. 6 billion was wagered on VGTs in December. Location License Web Application (for help, see the Location Application FAQs ) Truck Stop and Large Truck Stop Affidavit. Data released by the Illinois Gaming Board reveals the state generated over $1. In 2021, the video gaming market size in the U. That left $3. Commission on Government Forecasting and Accountability COMMISSION CO-CHAIRS Senator Heather Steans Representative C. 249 billion for operators during the 16-month period beginning on Feb. DECATUR — A total of $9. Video Gaming Applications & Forms. In fiscal year 2019, Illinois’ 32,000 video gaming terminals yielded nearly $1. - Video Gaming Act Illinois Department of Revenue Responsibility Money collected from. The easiest way to understand gambling in Illinois is that all gambling is illegal unless specifically allowed by the Criminal Code. 6 billion in. Even during 2020, when the world took a pause, VGTs continued to bring in millions of dollars. Video games, pinball machines, and electromechanical games are the most common types of arcade games. 455. 5 million represented a 9. The Illinois Gaming Board reported casino revenue of nearly $104 million and video gaming terminal revenue of $205. In 2007, when casino revenue peaked at $1. 2 billion for the cash-starved state and another $250 million for cities and villages that have allowed video gambling, according to gaming. However, municipalities’ cut was 5% then and remains 5% now. This report is theCommission’s 2019. 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. Illinois video gambling parlors must continue to split profits equally with terminal operators, Cook County Judge Neil H. Video gaming netted about $122,000 in tax revenue for Lansing over the fiscal year that ended on April 30, spokesman Ken Reynolds said. The dwindling casino numbers started to take form in 2012 as video gaming machines and sports betting facilities began to pop up in more spots across the state. Expand Autoplay. 8 million. In terms of revenue, Illinois raked in over $81 million. Video Gaming. The Video Gaming Act is amended by changing : 5: Section 35 as follows: 6 (230 ILCS 40/35) 7 Sec. Illinois Gaming Board Meeting Schedule and Documents Access information about the Illinois Gaming Board Meeting dates, minutes and audio. io allows developers to set their own split, with a default cut of 10%. National tax revenue from commercial casinos in the United States in 2022, by state (in million U. 8% to $814. Research lead covering internet and gaming. Enjoy your favorite Las Vegas style games, codeta casino online with real money review monthly. Additionally, beginning on. 07435% to the establishment and 33. Parlor chain owners had sued the Illinois Board and the Illinois Machine Gaming Operators Association contending owners and terminal operators should be allowed to. Given the bills we’ve seen, proposed tax rates are somewhere in the. Revenue growth in total land-based gaming—encompassing casino slots, table games and retail sports betting—accelerated from 0. The casino revenue figure was 4. com This guide details: How Video Gaming Terminal (VGTs) work. 2) "Video gaming location" means any licensed video gaming location as defined in Section 1800. State and local governments collected more than $900 million in tax revenue from traditional video gaming machines in 2022. The Video Gaming Act is amended by changing : 5: Sections 5 and 60 as follows: 6 (230 ILCS 40/5) 7 Sec. The operation of video gambling terminals (VGTs) in Illinois has been increasing since they were legalized in 2009, then implemented in 2012. 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. 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’. , Dec 2, 2022. Bally’s Buoyed By Chicago Casino’s Successes In Q3 Earnings Report. S. The state’s cut was previously 25%, but was raised to 29% in 2020 following the signing of an omnibus. This. (c) Terminal operator. 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. 19 billion. The State collects license fees and video gaming taxes from video gaming terminals at locations throughout the state. Illinois has passed significant gaming expansion legislation. 6% of total video games and esports revenue. Updated 9/28/2022 11:37 AM. For February, the 11 gaming facilities reported over $115 million in total gaming revenue. Davidsmeyer SENATE HOUSE Donald DeWitte Thomas Bennett DaviIllinois. Illinois’ tax. 28, 2020. There are many similarities between the Georgia COAM market and the Illinois video gaming market. HOFFMAN ESTATES, Ill. , the third largest video gaming terminal operator in Illinois, announced today a settlement. Revenue. Share. Casino gaming got off to a slow start in Illinois in 2022, with just $181. PC video gaming software sales revenue worldwide from 2008 to 2025, by category (in million U. 0844. Patrons in McHenry County spend $294M on video gaming Revenue source benefits economy. e. Local municipalities and counties were given the option to. The Illinois Lottery remains king, registering total sales of $3. 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). f) Record Keeping 1) A terminal operator shall maintain records of all goods and services it. Tournament, Tournaments & Promotions. 7 million. 22 billion. Charitable Games Tax and License Fees. More Illinois communities have turned to video gambling machines as a way to generate revenue. News & Analysis Problem Gambling Funding Bills Face Difficult Legislative Process Following the rapid expansion of sports betting and online gaming in the U. 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. But esports’ growth, and the increasing hold it’s taking on the attention and spending of. 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. For fiscal year 2019, which ended June 30, video gaming revenue topped $1. S. Education Assistance Fund. 6% in. The State of Illinois VGT Revenue. dollars. REVENUE POTENTIAL; Marketing; CONTACT; Sales: 815. The Future of Illinois Gaming Companies. 5 million in CY 2019. Players can now place a $4 max bet, they can win up to $1199 on just one hand, and coming soon, progressive. In 2022, gamblers wagered roughly $10. 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. 4 million in revenue for Q1 2022. This guide details how Illinois gaming revenue is distributed among locations, terminal operators, state and municipalities and how video game terminals work. Page 31 Empress Casino – Joliet,. Go to 230 ILCS 40/1 et seq. Gaming providing economic value for Illinois. 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. The Illinois Gaming Board is the state regulatory and law enforcement agency that regulates all aspects of casino gambling, video gaming, and sports wagering in Illinois. Twitch said that it would honor the 70 / 30 split for those creators for up to the first $100,000; then, any money made beyond that would see a reduced 50 / 50 split. Get covered with US Legal Forms and get the Illinois Providing facilities for game shows templates you need. For information on video gaming, visit the Illinois Gaming Board's website at 230 ILCS 40/1 et seq. logo. As more gamblers turned to video slots and poker, the state’s cut of gambling profits dropped. 58 to go into the machines (funds in) to get an extra $110 million. The State receives 29% of the NTI generated from each licensed VGT (of that, 5% goes to the local municipality). 7 billion in commercial gambling revenue in 2021 alone. ”. HyperActive Gaming assists you in navigating the license processes. 18 Miscellaneous Gaming Revenue in Illinois 90 . On the other hand, mobile ad spending accounted for. Local Municipality: 5%. According to the Administrator, there are 8,425 licensed video gaming locations operating in Illinois offering approximately 46,740 Video Gaming Terminals (VGTs). For completeness, here is the revenue split by Microsoft’s segments. The remainder is deposited into the Capital Projects Fund to cover costs related to the state's 2009 capital plan. Whether for charitable fundraising purposes or simply gambling revenue, Illinois law covers all revenue streams created by games of chance. While certain streamers used to get this 70/30 cut on Twitch, the. 0 billion set in 2021. 00 paid by the video gaming terminal establishment, beginning March 1 and ending February 28, 2020, and annually thereafter. Limited License. IGB. 2 Be it enacted by the People of the State of Illinois, 3: represented in the General Assembly: 4 Section 5. A January 2019 report by ProPublica showed a very different take on VGTs in Illinois, however. 4 billion in revenue in 2022. November 6, 2023. Illinois Video Gaming Revenue Reports. 6362%. Licensed locations generate over $72,000* in additional revenue each year, on average! Plus, video gaming adds an additional amenity to your patrons! *igb. 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. A distributor may only sell video gaming terminals for use in Illinois to persons having a valid distributor's or terminal operator's license. Revenue from video gaming entertainment is split between the business/organization, municipality, and. UPDATE- Changes to Illinois Video Gaming Law. How a Terminal Operator assists in the process. Get the templates for Illinois Providing facilities for game shows that you require using a user-interface built for simplicity and organization. 9 billion in fiscal year 2022, the highest ever and almost 39% higher than in 2021. Video gaming machines starting spewing out the green in the fall of 2012. The initial Supplier’s licence is now valid for a period of four (4) years. SHARE ON: LinkedIn. the integrity of Illinois video gaming. 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. Unlike YouTube and Facebook Gaming which split revenue 70/30 in favor of creators, Twitch’s streamers receive a 50/50 cut. 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. In 2021, some officials in the city of Evanston decided to investigate their own local ordinances. Twenty cities with 20,000 people, including Chicago, do not allow video gaming terminals. Video gaming machines brought in $296. 8 million. 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. 6 billion was played on Illinois video gaming machines from January 2012 to March 2019. gov at the time the application is submitted. Get gaming in your establishment the right way. (230 ILCS 40/15) Sec. Statistics from the Illinois Gaming Board show people in Decatur spent over $175 million on gaming in the. Video Gaming Amendments. 8512% must also be split between. Minimum requirements for licensing and registration. Is video gaming allowed in Illinois? As stated in the Illinois Video Gaming Act, Illinois slot machines and other video terminals are now legal in the state as long as the location has the necessary. Gaming Locations. 18 Miscellaneous Gaming Revenue in Illinois 90 . 595 Temporary Identification Badge. After years of delays this latest form of legalized gambling finally began on a limited basis in September 2012. 5 million represented a 9. 5% for all VGTs at retailers, the lowest report win% every for Illinois. 9 billion going into its coffers. A ILLINOIS GAMING ESTABLISHMENT CAN make approximately how much revenue per year? The average video gaming revenue generates $75,000 in commission every year. 9 (a) Each video gaming terminal shall be. $500 for one year. The Illinois Video Gaming Act was. 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. By the end of FY 2021, over 40,000 video gaming terminals were in operation across. It will still be a 50/50 split of the balance. 2130 New Section 1800. According to the complaint, the expansion would create a spot. 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. 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. Education; Politics and Government. The Illinois Gaming Board (IGB) reported casino revenue totaling $114. Municipality fees vary from municipality to municipality. 7 million in revenue after winnings were paid out in May, about 9% less than than the $5. 6% compared to the $1. The current tax rate imposed on video gaming terminals’ (“VGTs”) net terminal income is 30%. The study, released in November 2022, estimates that more than $4 billion in taxes are lost each year in the United States. 5 million in tax revenue. Licensees. The law had the following effects: Authorized VGTs at the DuQuoin and Illinois state fairs. Board members are tasked with, among other things, reviewing applications for gaming licenses and making approval determinations, as well as renewing and revoking current licenses when appropriate. The Illinois Senate passed the gaming expansion bill June 2, 2019, and sent the legislation to the governor’s desk. Minimum requirements for licensing and registration. Under state law, establishments and terminal operators must equally split 67 percent of a machine’s profits, while the remaining one-third goes to state and local taxes. Our company was established in 2016 and is locally owned and operated. • Casinos/racetracks: $10m (or 5 percent of annual gaming revenue/pari-mutuel wagering handle, whichever is lower) • New casinos/racetrack: $5m initial fee, adjusted after 12 months of operations based on 5 percent of theFind information on income split and the history of video gaming. New legislation allows licensed, designated “large truck stops” to have up to ten VGTs. Illinois News. 19 Miscellaneous Gaming Revenue in Illinois 92 CONCLUSION 93. 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. Illinois Video Gaming Revenue Split. IGB. All license fees are paid annually as part of the establishment's business license renewal. Data shows that in 2022, video gaming terminals across the area nearly doubled in revenue from $395 million in 2019 to $762 million in 2022. ILLINOIS GAMING BOARD JB Pritzker • Governor Charles Schmadeke • Chairman Marcus D. For the most part, the increase in gaming machines and in revenue across the state has been steady. According to Market Watch “the global Video Gaming Terminals (VGT) market reached a value of USD $845. S. 9 million in CY 2014 to $72. 9bn, coming close to the largest in the state’s history. Currently, a location receives 45% of the revenue from each machine. According to the Illinois Gaming Act, a Illinois video gaming terminal operator provides and maintains video gaming machines for licensed locations. 36 billion for fiscal year 2021, which ended June 30, up 11% from the previous year, according to an annual wagering report. Video gaming revenue declined by about 23% to $1. 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. Illinois’ Video Gaming Act authorized the placement of up to 5 video gaming terminals in licensed retail establishments, fraternal and veteran’s establishments with a liquor license, where permitted by local ordinance. Section 1800. Cory Aronovitz is the founder of the Casino Law Group in Chicago. when the costs are equally split between the terminal operator and video. Illinois lawmakers voted to extend in-person betting on in-state college teams until July 1, 2024. AN ACT concerning gaming. Gaming Board members and staff are prohibited from gambling in Illinois casinos. 2 billion and $1. Some municipalities may impose a “permit fee” for each Video Gaming Terminal (“VGT”) (Slot Machine) or for your establishment in general. Video Gaming in Illinois Page 7 Riverboat Year in Review 2018 Page 8 Video Gaming Year in Review 2018 Page 12. 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 revenue split is specifically dictated by the Video Gaming Act. Update March 21, 2020: On Friday, March 20, Governor Pritzker announced a "Stay at Home" directive for Illinois beginning Saturday, March 21st at 5 PM until midnight April 7th. Readily Available. many county and local governments are in favor of video gaming, as the earned revenue can be put towards infrastructure, education, and more.