5% of adjusted gross revenue with the following distribution:.$1 for every person that enters the casino goes to the host municipality.For example, the new South Suburban local share will be as follows: The apportionment and percentage varies by location. Local Taxes/Revenue Sharing- The local share of taxes will mainly come in the form of a percentage of adjusted gross revenue and a portion of a $3 admissions tax.Temporary Casino- Each new casino can operate at a temporary facility for up to 24 months with the possibility of a 12 month extension while the actual casino is being constructed.All other new casinos may operate 2,000 positions. Number of Gaming Positions-The Chicago casino is authorized to operate up to 4,000 positions including slot machines at Midway and O’Hare airport.The municipality must also pass a resolution of support and conduct a public hearing pertaining to the casino. Local Support-Prior to issuing a new license, each applicant must come to an agreement with the host municipality on many aspects of the casino including location, zoning, and revenue sharing.Some important provisions pertaining to the new Casinos include: Applications for the new casinos must be submitted by Octoexcept for the Chicago Casino which has its own unique process. In the Chicagoland area, one massive casino is slated for the City of Chicago, one in Waukegan, and one may be located in the following townships of Cook County: Bloom, Bremen, Calumet, Rich, Thornton, or Worth. The Act authorizes the creations of six (6) new casinos throughout the state.

Gone are the days for the need for a body of water, often times unseen, and riverboats to house casino operations. This article focuses on Casino Expansion, Racinos, Sports Wagering and Video Gaming. Pritzker, the Gaming Expansion Law will dramatically increase the types of wagers one can make and the places in which they can be made. Passed in the waning hours of the 101st General assembly and signed in to law on Jby Gov. The new law makes clear that Illinois is all in when it comes to gambling and more specifically the revenue and jobs it can create. In passing and enacting a massive gaming expansion law, State leaders appear to have taken the advice of Brian Cranston’s famous character Walter White from Breaking Bad-No Half Measures.

Illinois slot machines revenue splits