Noticias de ultima
  • 12.00 45 Years Of Leadership In Innovation And Entertainment For Novomatic
  • 12.00 Gambling and European integration – lessons from the Bulgarian experience
  • 12.00 EGT Digital’s innovative developments to captivate visitors at SiGMA Asia 2025
  • 12.00 Starcasino Enhances Dutch Offering with Air Dice's Innovative Game Portfolio
  • 12.00 Nevada’s Gaming Revenue declines again in april amid Las Vegas Strip struggles
  • 12.00 GLI® Named “Best Testing Laboratory in the Baltics 2025” and “Best Testing Laboratory in the Nordics 2025” in BSG Awards 2025
  • 12.00 EGT’s Asian-themed products to make a splash at SiGMA Asia 2025
  • 12.00 New Illinois bill aims to help underperforming casinos move to better locations
  • 12.00 Australia: Casinos in Townsville and Darwin to be audited over money-laundering risk
  • 12.00 CIRSA reports an operating profit of €179 million for Q1 2025
Legislation

New Illinois bill aims to help underperforming casinos move to better locations

Friday 30 de May 2025 / 12:00

2 minutos de lectura

(Illinois).- Illinois lawmaker Joe Sosnowski introduces legislation to boost the state’s gaming sector and secure its future growth.

New Illinois bill aims to help underperforming casinos move to better locations

Casino gambling became legal in Illinois in 1990, leading to rapid industry growth. Today, the state boasts 17 casinos, nearly 9,000 licensed video gaming locations, and 14 active and approved sportsbooks, contributing significantly to Illinois’ economy.

State Representative Joe Sosnowski is advocating for House Bill 4070, a proposal that would allow the three most underperforming casinos to relocate to communities better suited to sustain their economic impact.

Illinois Gaming Industry's Economic Impact

The bill does not mandate relocation, but gives casino operators the option to request and bid for a new site where they can thrive financially and generate more jobs.

According to the American Gaming Association, Illinois’ gaming sector supports nearly 30,000 jobs statewide. Relocating casinos to higher-performing areas could significantly increase employment opportunities.

"If we have 100 jobs in an underperforming casino location and we can shift those to an overperforming location, we could triple the number of jobs and employed individuals," said Sosnowski.

Potential Benefits for Local Communities

Cities interested in hosting relocated casinos would submit proposals to the Illinois Gaming Board for authorization. The bill also provides financial relief to communities losing a casino, ensuring they receive twice their current revenue share to mitigate the loss of gaming income.

Illinois’ Gaming Revenue Continues to Grow

In 2024, regulated gambling generated nearly $2 billion in state tax revenue. In Forest City, for example, Hard Rock Casino is projected to contribute $7 million annually.

For smaller cities like Freeport, this additional revenue could fund major development projects, enhancing infrastructure and community services.

"We welcome those interested in Freeport to explore the opportunities we offer for economic growth and employment," said Bridge, emphasizing the bill’s potential impact.

A More Balanced Gaming Economy

Under the bill, the Illinois Gaming Board would review adjusted gross receipts from all casinos to determine which three locations are struggling the most. This approach aims to create a more sustainable and competitive gaming landscape in Illinois.

"Not only will the prior location receive its funds, but a new casino site will likely offer increased revenue-sharing for local governments," Sosnowski explained.

Categoría:Legislation

Tags: Sin tags

País: United States

Región: North America

Event

SBC Summit Americas 2025

13 de May 2025

SBC Summit Americas 2025: Everything about the panel "The Role of Laboratories and Certifications in the Latam Industry"

(Fort Lauderdale, SoloAzar Exclusive).- As part of SBC Summit Americas 2025, held from May 13 to 15 in Florida, the panel "The Role of Laboratories and Certifications in the Latam Industry" focused on the importance of technical standards and certification in the industry. Here are some of the highlights.

Wednesday 28 May 2025 / 12:00

21VIRAL at SBC Summit Americas 2025: Strengthening Partnerships & Embracing Innovation in LATAM Gaming

(Fort Lauderdale, SoloAzar Exclusive).- Mr Christoph Härtel, CEO of 21VIRAL, commented why SBC Summit Americas is a crucial event for the gaming industry. Among other issues, he said that insight on regulatory changes will shape how 21VIRAL approaches its market strategy. Read more in this unmissable Q&A session!

Tuesday 27 May 2025 / 12:00

The Live Gaming Revolution: AI and Real-Time Betting at SBC Summit America 2025

(Fort Lauderdale, SoloAzar Exclusive) – “The Rise of Real-Time Gaming: The Future of Live Betting” was one of the keynote presentations held within the recent SBC Summit America 2025. In this article, we share the highlights of the innovations that are redefining the betting experience and their impact on the future of the industry.

Tuesday 27 May 2025 / 12:00

SUSCRIBIRSE

Para suscribirse a nuestro newsletter, complete sus datos

Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.

PODCAST

MÁS CONTENIDO RELACIONADO