Report: Video gambling sees significant growth in Illinois
CHICAGO (AP) _ A new state report says video gambling has seen significant growth in Illinois, with revenues increasing by more than 75 percent in the last three years.
The Chicago Tribune reports that the state’s Commission on Government Forecasting and Accountability found video gambling racked up a net income of $1.4 billion in the fiscal year that ended on June 30, generating about $70 million in tax revenue for local governments.
The report shows that video gambling is the driving force behind overall gambling revenues reaching a record high last year in Illinois.
Chicago has banned video gambling but the report says there are roughly 11,000 individual gaming machines in the city’s metropolitan area.
The report also says that the lottery, horse-racing and river gambling have had “relatively stagnant performances.”