00. By law, gambling winners must report all of their winnings on their federal income tax returns. o Additional City Privilege Tax. 160 North LaSalle Street, 3. There is a 15% tax rate if you earn $600 or more betting on sports in Illinois. 358 billion in FY 2021, this total was still short of the $1. In the Sauk Valley, the cities’ share of video gambling income continues to provide a cushion for the general funds since the first distribution. § 25(c)). Licenses must be obtained by the establishment where video gaming terminals will be operated. C. 5% $150m to $200m 45% As a result, 13 terminal operators from 40 of Oak Lawn’s video gaming establishments that failed to submit the tax forms and remit push taxes for January were summoned to appear at the July 15. 7 million. It also carries the highest casino tax rate in the state at about 40% of adjusted gross receipts. Robert Rita and Jonathan Carroll, Illinois state Representatives filed a bill to legalize online gaming. Applicant: A person applying for any license under the Act. . The experts at Universal Gaming Group explain how and how it will affect your video gaming business. As of Dec. Illinois’ tax. more than 43,000 machines exist in 8,000 licensed video gaming locations across the state. 801 South Seventh Street Suite 400 – South Springfield, Illinois 62703 217-524-0226 Website. 2 million, with money put into the machines coming in at $59. This guide details: How Video Gaming Terminal (VGTs) work. 5 million following passage of a partial budget giving the state comptroller's office the authority to release the funds. Has the terminal operator(s) obtained Gambling Machine Tax emblems for the VGT(s) in your establishment? Local Regulations: • A valid Cook County Video Gaming License must be clearly displayed in the establishment at all times. Floor . Charitable Games Tax and License Fees. New Illinois law legalizing video gaming machine gambling gets mixed local reaction. Each casino must pay an admission tax and gaming privilege tax (see paragraph (D) below). And the amount of live locations and video gaming machines. 072 and 5747. 160 North LaSalle ♠ Suite 300 ♣ Chicago, Illinois 60601 ♥ tel 312/814-4700 ♦ fax 312/814-4602 Sports Wagering Record Retention Schedule Effective Date: April 21, 2021The Illinois Gaming Board provides gaming regulations and tax collection for slot machine gambling activities in Illinois. As Illinois embarks on a massive expansion of gambling, including up to six new casinos and the addition of slot machines and table games at horse tracks, revenue from the state’s 10 existing. Municipalities with the machines brought home a share of $135. Midwest Gaming & Entertainment had argued the state's Riverboat Gambling Act prohibited such a tax at the county level, and that the tax also violated the Illinois Constitution, because it taxes. 93-28, eff. com 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 gambling tax rates. The Illinois gaming machine industry is continually on the rise throughout the state. of a horse track. is required to file an Illinois tax return during the taxable year. 404 billion generated in FY 2019 before the pandemic. 5% $50m to $75m 27. Licenses for the operation of at most five VGTs can be given to retail establishments that serve. Video gaming netted about $122,000 in tax revenue for Lansing over the. Should online casino gaming pass, it wouldn’t be surprising if the tax rate is ultimately negotiated higher. Post 99 Friday afternoon. B. A state representative introduced HB2239 to legalize Illinois online casino gambling. - By the end of FY 2019 (June 2019), 32,033 video gaming terminals were in operation across Illinois—up from 2,2839 in June 2018. By the end of 2013, more than 13,300 machines statewide had produced nearly $90. CLICK HERE >>> Cook county gambling machine tax ordinance Cook county gambling machine tax ordinance The lawsuit alleges that the county measures violate the illinois constitution and state laws concerning gambling. ” annual tax rate on a Video Gaming Terminal for each 12-month period, as established by the director, is $200. 404 billion generated in FY 2019 before the pandemic. Charitable Games Tax & License Fees. 8% drop compared to December’s total of $216. 5 billion at Illinois video gambling machines, according to data from the Illinois Gaming Board. 10 Operating Tax Rates for Illinois Riverboats (FY 2013 – FY 2018) 15 11 Statistical Summary of the Midwestern Gaming States 17 12 AGR from Commercial Casino Gaming – Other Prominent Gaming States 22. 7 million generated in March. Video gaming machines generated over $2. The current graduated tax on Illinois casinos is 15 percent. DECATUR — Five years after the first legalized video gaming machine arrived, Illinois now has one terminal for every 481 residents. 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 become operational. Optional reporting method for bingo, keno, and slot machine winnings. This thesis analyzed the effect of the 2003 Illinois gaming tax increase on the states gaming demand. 98-377, eff. 888-862-2235 (Sales) 888-972-2235 (24/7 Service) Offerings. The new law has effectively codified the supremacy of the state of Illinois over all video gaming activity. A repair license allows the holder to repair coin-operated amusement machines for others, and transport or store amusement machines in Texas. This is consistent with the Individual Income Tax rate of 4. For February, the 11 gaming facilities reported over $115 million in total gaming revenue. 5% increase to. ILLINOIS GAMING BOARD . Watch the latest video reports from the Illinois Gaming Board, covering topics such as casino operations, video gaming revenue, sports wagering and more. 5% of net revenue from each gaming terminal in the city. com 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 gambling tax rates. venues, tribal gaming locations as defined by the . The current graduated tax on Illinois casinos is 15 percent. ”. Charitable Games Tax and License Fees Revenues received from the operator license fees and the 3 percent tax on gross proceeds of charitable games are deposited into the. MATTOON — Five years after the first legalized video gaming machine went online, Illinois now has one terminal for every 481 residents -- a ratio so big, so unexpected that even some operators. ∗ Tax Rate is 30% of Net Terminal Income . Whether they’re winnings from a slot machine, horse track, poker table or sportsbook, they all count as income and are subject to state taxes. As might be expected, it is becoming increasingly common for individuals to have questions regarding the taxation of gambling income and losses, and these questions will almost certainly be more complex if the individual is a. Geo resource failed to load. If they secure the licenses, the casinos will be able to operate up. An occupation tax permit ($60. 2%. 95% in Illinois 6. On June 5, 2018, the Cook County Board of Commissioners passed the Video Gaming Ordinance (“Ordinance”) to govern licensing of establishments that wish to have video gaming terminals in accordance with the Illinois Video Gaming Act, 230 ILCS 40/5, and Cook. gaming features and enrich only the unregulated machine companies and locations while creating a burden for law enforcement, healthcare providers and regulators. 5% of the slot machine income, the TO will earn 32. Application: All material submitted, including the instructions, definitions, forms and other documents issued by the Illinois Gaming Board, comprising the video gaming license application submitted to the Illinois Gaming Board. 2 billion and $1. As more gamblers turned to video slots and poker, the state’s cut of gambling profits dropped. Gambling revenue from the state’s riverboat casinos, in fact, has fallen more than 15 percent since video gaming machines were introduced in 2012, the report said, even with the state’s most. The Gambling Machine Tax must be remitted by terminal operators for each machine they own that will be operated in an establishment in unincorporated Cook County. 8% to $814. 6 million, which was split between. Illinois’ tax. The city of Decatur is the most recent community to adopt the tax. American Gaming Association, National tax revenue from commercial casinos in the United States in 2022, by state (in million U. Limit of six terminals per establishment. The state decriminalized this form of gambling in an effort to generate additional tax revenue and cope with the effects of the global financial crisis that hit the country the previous year. A. The five-member board, appointed by the governor and confirmed by the Senate, administers a regulatory and tax collection system for casino gambling and sports betting. The revenue split between Location and Terminal Operator and Location will remain the same, however. Men and women emerged, most casually dressed, there for the first of a series of posh, private events hosted by the video gambling industry during the 2018 Global Gaming Expo, North America’s. The Illinois Gaming Board administers a regulatory and tax collection system for casino gambling, video gaming, and sports wagering in Illinois. The applicable law says that tax dollars collected from VGTs go to the Capital Projects Fund. A. Gaming machines generated $1. Mount Zion had $18 million played on its 18 machines, and Warrensburg. ; 230 5/1 et seq. To say it’s caused controversy would be an understatement. Licenses and Fees. 0:59. The Basics of the Illinois Slot Machine Industry. House edges back? Illinois casinos rake in $82. 31, 2019, taxes on gambling income in Illinois are owed regardless of what state you live in. See id. )), which legalized the use of video gaming machines, such as video poker, blackjack, and slots, as a form of gambling in certain locations. From January 2012 to March 2019, state gaming board data shows, $77. Illinois Gov. com. Collections from video slot machines posted the biggest gains this year, rising 6. Machine owners can repair their own machines without obtaining a repair license. Additionally, they sought to invalidate and prevent the enforcement of a policy document that the Illinois Gaming BoardJune 1, 2023 rkprsmedia. 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. 00. org. (KFVS) - An Illinois bill to expand gaming in the state has been approved. The ordinance called for proceeds from the fee to be split between the City’s police and fire pension funds. CLICK HERE >>> Cook county gambling machine tax ordinance Cook county gambling machine tax ordinance The lawsuit alleges that the county measures violate the illinois constitution and state laws concerning gambling. Through July, nearly 18,000 machines generated about $104 million. The Illinois Gaming Machine Operators Association announces resolution of a lawsuit ending a local fee on video gaming terminals. The Illinois tax rate on gambling winnings is a flat rate of 4. fective July 1, 2020, the City's Push ax Ordinance (the "Ordinance") became fective. machine, or other machine, for the reception of money or other things of value on chance or skill is . "Gaming property collateral": Video gaming equipment subject to a security interest. In. Go to. This can be attributed to the increased tax rate, additional machines and higher maximum wagers. Share. J&J Gaming provides our partnering locations with the most popular games in the industry from manufacturers like Spielo International. It shall be the duty of every owner to remit the tax due on the Gambling Machine on forms prescribed by the Department. The number of video gaming terminals increased to 43,000 by the end of state fiscal year 2022. The companies that own and operate the machines in Illinois have reaped nearly $2 billion in revenue since video gambling went live in September 2012. ”. As such, the Calumet City, Dolton, Markham, South Chicago Heights and. Bingo Tax & License Fees. As we said above, winners might get a refund later if that tax obligation exceeds what they actually owe on their lottery winnings, or have to pay more if they turn out to owe a higher percentage of state. A bill introduced earlier this month by state Rep. "Illinois resident": With respect to an individual, an individual who is either: domiciled in Illinois or maintains a bona fide place of abode in Illinois; or . 6 million in net terminal income in 2019. The State collects license fees and video gaming taxes from video gaming terminals at locations throughout the state. ”. Depending on the amount of your winnings, you may receive. Illinois online casinos will launch. 2. The applicable law says that tax dollars collected from VGTs go to the Capital Projects Fund. Cook county still has by far the most video gaming terminals of any county in the. The Illinois Sports Wagering Act was enacted on June 28, 2019, as part of the state's landmark 2019 gaming expansion law, and it legalized sports wagering online. The Chicago casino is allowed twice as many gaming positions as any other in Illinois. Illinois Gaming Board Date: July 28, 2023 Citation: 2023 IL App (1st) 220883 Docket Number: 1-22-0883 In re Marriage of Kenney Date: July 25, 2023 Citation: 2023 IL App (1st) 221558 Docket Number: 1-22-1558Its five slot and poker machines bring in more than $100,000 a month. Section 1800. 38, par. Learn more about the Illinois video gaming market and how Accel Entertainment can help your Illinois establishment. 00, annually. While many view video gambling as a license to print money, many owners of the location where these games are played are not pleased with a proposed $1,000-per-machine tax beingAs we recently highlighted, the coalition opposes a tax increase on video gambling machines, saying the industry has paid $1. Sec. th. Ald. Two businesses sued, claiming that the percentage-based fee actually constituted a tax and was therefore barred by Illinois’ Video Gaming Act. Municipalities with the machines brought home a share of $135. 36. Illinois Gaming Board - Video Reports. There are only six states where iGaming is currently available, with Michigan the most recent to launch in January. Chicago, Illinois 60601 . 6 billion was played on Illinois video gaming machines. A cop y of the Order is a vailable via this. 8 million, according to the. It generated $762 million in FY2022, a 119. February 24, 2021 TOC-3 . It is not exactly like the Rise of the Machines from the Terminator film franchise, but an interesting battle may be taking shape in Illinois involving tavern and restaurant owners who operate video game terminals and casinos that desire to expand by offering iGaming. In addition, the board manages the tax collection of both riverboat casinos and video gaming establishments. Effective June 1, 2013, a tax is imposed upon Gambling Devices and Video Gaming Terminals used in Cook County. (230 ILCS 10/13) (from Ch. Illinois Poker. ∗ 5/6. Offerings First Column. 99 billion in fiscal year 2023 (copy). The NTI for that period is $6. 00, annually. § 25(c)). For these gaming positions, the CCDA must pay an initial fee of $100,000 plus $25,000 per gaming position. locations—with the exception of Nevada, due to itsThese machines allow cash play but also include a "free play" mode. The city of Decatur is the most recent community to adopt the tax. 5m application fee, a $50m upfront license fee, and. info@ugaminggroup. This could bring the total number of video gaming machines in the state to more than 7,000. These activities can include slot machine gaming, betting on sports, horse racing, lottery tickets, and more. Waukegan, Illinois 60085. All: The Board administers a regulatory and tax collection system for riverboat casino gambling and video gaming in Illinois. The Illinois Gaming Board reported a record monthly sports betting handle of $867. 5%A legal dispute between Oak Lawn and a video gaming trade association over a new tax on users of video slot and poker machines intensified when the village fined 13 video gaming terminal operators. 6 million in net terminal income in 2019. A. 7 Tax Revenue Collected from Video Gaming Terminals 38 8 AGR of Illinois Casinos vs NTI of Illinois Video Gaming Machines 46 9 AGR of IL and IN Casinos vs NTI of Terminals in Chicago Area 47 10 AGR of IL and IN Casinos vs NTI of Terminals in Chicago Area (Stacked) 47 11 Tax Revenue from Casinos and Video Gaming in Illinois 49 LOTTERY 51 5 Video Gaming Terminals in Operation in Illinois 41 6 Tax Revenue Collected from Video Gaming Terminals 43 7 AGR of Illinois Casinos vs NTI of Illinois Video Gaming Machines 50 8 AGR of IL and IN Casinos vs NTI of Terminals in Chicago Area 52 9 AGR of IL and IN Casinos vs NTI of Terminals in Chicago Area (Stacked) 52 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. Video gambling is taxed at a flat rate of 30 percent regardless of how much the industry makes. ) (230 ILCS 10/3) (from Ch. (a-1) From January 1, 1998 until July 1, 2002, a privilege tax is imposed on persons engaged. 1 VGT background. The Illinois tax rate on gambling winnings is a flat rate of 4. Illinois is one of nine states that have a flat tax rate for income earners for 2022. This is consistent with the Individual Income Tax rate of 4. Gelatka cites a study conducted by his own gaming association that asserts video gambling has generated $355 million in state and local tax revenue since 2012, and that in the first nine months of. 120, par. 8% to $814 million, the report said. (c) To be eligible to conduct gaming under this Section, a person or entity having operating control of a racetrack must (i) obtain an organization gaming license, (ii) hold an organization license under the Illinois Horse Racing Act of 1975, (iii) hold an inter-track wagering license, (iv) pay an initial fee of $30,000 per gaming position from. It was amended to raise the tax rate and cap on machines in 2019. 5% increase to $1. In addition, the board manages the tax collection of both riverboat casinos and video gaming establishments. The amount of revenue put into these machines is staggering. Additionally, they sought to invalidate and prevent the enforcement of a policy document that the Illinois Gaming Board June 1, 2023 rkprsmedia. existing in Illinois is dramatically increasing. Any electronic video game machine licensed and/or authorized under the State of Illinois Video Gaming Act, that upon insertion of cash, electronic cards or. That sent almost. S. 2404) Sec. 120, par. rd. 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. 708-967-5722. - Push tax. For information on video gaming, visit the Illinois Gaming Board's website at 230 ILCS 40/1 et seq. The Gambling Machine Tax must be remitted by terminal operators for each machine they own that will be operated in an establishment in unincorporated Cook County. Every individual or business involved in video gaming in Illinois must be licensed, including the manufacturers and distributors of video gaming machines, the owner and operators of the machines, and the establishments where the. The Illinois Gaming Board also maintains the integrity of the Illinois gaming machines through regular inspections. Separately, a state Appellate Court affirmed Cook County’s legal right to tax area. Per the statute, the Illinois Gaming Board collects a 30% tax on the money made from video gaming terminals, of which the State keeps five-sixths (83%) for the Capital. The casino is open to free and real money players with games starting as low as one cent up to $125 a spin. Maximum bets placed on each machine will increase to $4 from $2. Sec. American Place Waukegan will be a $375 million casino and hotel built in the Fountain Square area of Waukegan, IL about 35 miles north of Downtown Chicago. The Illinois Lottery represents the largest. 407 billionin net terminal income. 5% $50m to $75m 27. Collections from video slot machines posted the biggest gains this year, rising 6. at 8. Board: the Illinois Gaming Board. An Illinois gaming machine magnate bribed two state legislators to keep his businesses unregulated, a federal prosecutor told a jury during opening arguments Tuesday in the latest public corruption case to hit the state. 5 million revenue threshold that would trigger the higher tax under Pritzker. Charitable Games Tax and License Fees. Even during 2020, when the world took a pause, VGTs continued to bring in millions of dollars. While they’re there, they walk around and play slot machines. During the January-September period in Oak Lawn, customers at 250 video gambling terminals in played $183. Legislation has been filed in both chambers of Illinois’. 7 million in tax revenue to localities,. Robert Herguth /. Amended Complaint, 79. 7% in FY 2020 to $1. 9 billion, the industry paid about $819 million in taxes, a rate of 42 percent. 14, 2022, Gov. Illinois Municipal League RE: Video Gaming Push Tax Update On December 1, 2022, the Circuit Court of Cook Count y ruled in favor of the Village of Oak La wn (Village) and dismissed, with prejudice, a complaint filed b y the Illinois Gaming Machine Operators Association and other video gaming entities. A recent Illinois Supreme Court decision will allow Cook County to collect about $3 million in unpaid taxes, as well as generate another $1 million in tax revenue annually from Midwest Gaming, owner and operator of Rivers Casino in Des Plaines. The Gambling Machine Tax is separate from the licensing process. 4. July 17, 2023. the Illinois video gaming market and how Accel Entertainment can help your Illinois establishment profit through slot machines. See full list on ugaminggroup. Hanover Park, a municipality had cited a business for operating. The net revenue (the profit after winnings distributed) is close to $8. 8% to $814 million, the report said. Gaming Tax Forms. Furthermore, unregulated gaming increases social costs and criminal activity and provides questionable tax or other benefits for the states where it exists. 5% increase to $1. 87The Illinois Gaming Board (IGB) is looking to revise the decision made in 2019 to award the gaming license to the establishment which was reportedly connected with a Chicago criminal group. There are some 44,000 VGT units in about 8,200 locations. In July 2009, Public Act 96-0034 became law, legalizing video gaming in Illinois. 7% lower than the $116 million generated in October as admissions to the state’s 11 gaming venues dipped 4. 39-214. 99 billion in fiscal year 2023. 8 billion was taxed of. Next Up In News Netflix looks to curb password sharing, considers adsincluding, but not limited to, the power to tax andto incur debt; WHEREAS, the Illinois Video Gaming Act (“VGA”), 230 ILCS 40/1 et seq. 00 Video Gaming Distributor: $10,000. The 81-year-old widower estimates that, at his worst, in 2015 and 2016, he spent about $2,400 a week on video slot machines, which he played at a hotel and a handful of restaurants and bars around his hometown of Maroa, a farming community of close to. Slot machine coin-in was chosen to best represent gaming demand. Engaging in unlawful gambling is a class A misdemeanor. Gov. The Video Gaming Act of 1999 allowed for the instillation of gaming machines at certain locations such as clubs, truck stops and bars with liquor licenses. • In July 2009, Public Act 960034 became law, legalizing video gaming in Illinois. Associated Video Gaming Equipment: Ticket payout systems. For inquiries regarding video gaming disbursements, please call 217-524-0226 or send an email to webmaster@igb. The push tax assesses Illinois gamblers a penny each time they use one of the gaming machines. the video gaming machine and the business where that machine is located to equally split the after-tax profits from operating the machine (id. Charitable Games Tax & License Fees. Further, counting all illegal gaming — online casinos, sports betting and unregulated gaming machines — and the AGA estimates: “Americans bet more than $510 billion a year with illegal and unregulated operators. Happy holidays to you and your friends and families! On Oct. IGB claims that the gambling license awarded to Jeffrey Bertucci for video gaming machines operated at his diner is subject to revocation after. N/A: Yes. In Clair v. II. All TOs must abide by the state-determined profit sharing system. (c) The Illinois Gaming Board established under this Act should, as soon as possible, inform each applicant for an owners license of the Board's intent to grant or deny a license. ILLINOIS GAMING BOARD MINIMUM INTERNAL CONTROL STANDARDS SECTION E – ELECTRONIC GAMING DEVICES (EGDs) June 27, 2019 E-1 . illinois. Chicago is in line for casino gaming soon, but its success is dwindling as video gaming machines and sports betting rise. Deposit of Admission Tax and Wagering Tax H-1 Manual Sensitive Key Logs or Automated Reports H-2. This amount is cumulative over the course of the year. One of the gaming board’s key jobs is to protect the integrity of legal gambling in Illinois by weeding out unsuitable license-holders and applicants, for reasons including ties to organized crime — which has long considered illegal gambling its domain and in recent years has tried to capitalize on legalized gambling as well. Floor . 6 billion was played on Illinois video gaming machines. A portion of the tax is returned to local governments where the tax was collected. Published: Sep 15, 2021 at 10:18 am. ILLINOIS REGISTER PUBLICATION SCHEDULE FOR 2021 Issue# Rules Due Date Date of Issue 1 December 21, 2020 January 4, 2021 2 December 28, 2020 January 8, 2021A video gaming trade association has filed a legal challenge to Oak Lawn’s push tax, arguing that the first-of-its-kind tax on users of video slot and poker machines is unconstitutional, violates the Video Gaming Act and would be so costly and technologically complicated to implement as to make it impracticable. Effective June 1, 2013, a tax is imposed upon Gambling Devices and Video Gaming Terminals used in Cook County. 5%, the state of Illinois earns 29%, the local municipality. Illinois tax revenue from gambling grows to $1. This230 ILCS 40/1 et seq. Again, use the information on those forms to report your sports gambling winnings to the IRS and the state. The state introduced video lottery terminals (VLTs) in 1992 and added Vegas-style slot machines to those terminals in 2005. 2% increasethe video gaming machine and the business where that machine is located to equally split the after-tax profits from operating the machine (id. A "play" is defined as:All Illinois casinos are regulated by the Illinois Gaming Board. The Illinois Gaming Board is taking steps to revoke the terminal operator license of a company co-owned by the president of the Illinois Gaming Machine. - ILLINOIS VIDEO GAMING MUNICIPAL PUSH TAX. Illinois also introduced legal online lottery play in 2012. Gaming board records show that Rankin made about $87,000 from video gambling machines last year, far less than the $2. accordance with the Illinois Video Gaming Act, 230 ILCS 40/5, and Cook County Code of Ordinances, Sec. ARTICLE XVIII. All taxes and fees imposed by this Act, unless otherwise specified, shall be paid into the Illinois Gaming Law Enforcement Fund of the State Treasury. Illinois Gaming Machine Operators Association officials said the state brings in more than $22 million a month in gambling tax revenues that are to be dedicated to capital infrastructure projects. GIVE. One spin every six seconds. ¶ 11 Two months later, the circuit court granted the Illinois Gaming Machine Operators Association, a. “State designated tax revenues from overall gaming in Illinois fell 11. 1-1-14. Video Gaming Terminal - $200. 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. Since video games went live in Illinois in 2012, the industry has grown to more than 24,000 machines at 5,600 locations, generating $785 million in state and local tax revenues. Illinois is one of nine states that have a flat tax rate for income earners for 2022. The local municipality receives five percent of that with the rest going to the state’s general fund. B. Overview of the Bill (A) Amendments to the Illinois Gambling Act (IGA) Gaming privilege tax rates for a Chicago casino are restructured to make it financially feasible. At that rate, Bonus predicts the Internet Gaming Act (IGA) – to be created if HB2239 becomes law – will mean $240 million in. 00, annually. Recommended Reading: (230 ILCS 40/15) Sec. (Source: P. 5% of net revenue from each gaming terminal in the city. Illinois gaming bill seen as path forward for horse racing. This costs the legal industry $44. The Push ax Ordinance imposes a one cent push tax for every "play" made on a video gaming terminal located within the . and 22,135 video gaming machines existed; in 2016, 5726 live locations and. 2. ths. The slot parlor is taxed at an effective rate of 49 percent of gaming revenue, including 40 percent to the state and 9 percent to the Race Horse Development Fund. Recommended Reading:"Board" means the Illinois Gaming Board. Illinois casino revenue down $200M since 2012, as Chicago bets on casino. He’s licensed by the Illinois Gaming Board, and the government gets a cut. Since video gambling went live in 2012, more than 30,000 video slot and poker machines have been installed in the state and gamblers have lost more than $5 billion.