Thursday, February 11, 2016 5:42:00 PM
Gaming revenue in Illinois is up, but video gaming terminals in your neighborhood bar are taking away from the state’s riverboats, according to the latest monthly report from the Commission on Government Forecasting and Accountability.
One of the largest sections of the January report from COGFA focuses on gaming revenue for Illinois. Dan Long, executive director of COGFA, says the state is nearing full implementation of video gaming and gaming revenues are up, but there’s a twist.
“The taxes from gaming are going up but it is shifting. It is clear that the video gaming is taking revenue away from the river boats but overall adding to the total taxes collected by the state.
Long says riverboats can have 1,200 gaming positions but when adding 22,000 extra positions through other video gaming it impacts boat operations in places like Alton, Peoria and elsewhere. Regardless, COGFA says the added gaming positions has increased gaming revenue over $64 million from 2014 to 2015.