Illinois video gaming revenue split. Overview Charts: 1 Source of Gaming-Related Revenues in Illinois 1. Illinois video gaming revenue split

 
 Overview Charts: 1 Source of Gaming-Related Revenues in Illinois 1Illinois video gaming revenue split 5 billion at Illinois video gambling machines, according to data from the Illinois Gaming Board

The new record is up by 35. Illinois Gaming: Changes to Illinois Casinos. 41 billion in 2021, up more than $600 million from 2020. 6% of total video games and esports revenue. Tax Types Tax Rates Fees Bingo Tax and License Fees 5 percent of gross proceeds Regular License $200 for one year Limited License $50 for one year Premise Provider. Nick Jaworskyj, tech supervisor at Awesome Hand Gaming, sets. J. 19 Video Gaming Statistics by County Ranking 41 20 Top Municipalities with Video Gaming 42 21 Highest Populated Cities without Video Gaming 44 Video Gaming Related Charts: 4 Video Gaming Terminals in Operation in Illinois 35 5 Monthly Net Terminal Income from Illinois Video Gaming Machines 37 6 Net Terminal Income Collected from Video Gaming. Illinois News. Nothing Outsourced. Get to Know Illinois Video Gaming Act of 2021. BUFFALO, N. 5% community investment obligation. In CY Evanston’s City Code 9-5-8 prohibits local eateries and watering holes from participating in the Illinois Video Gaming Act. Since 2012, the village has brought in more than $370,000. Show Answer. November 6, 2023. (230 ILCS 40/15) Sec. 888-862-2235 (Sales) 888-972-2235 (24/7 Service). How many video gaming terminals will be allowed. Washington, D. Of the revenue generated in May, $544,234 goes to. 8 million. Size of circle indicates number of casinos in the area. The law upped the state’s take of video gaming revenue to 34% — with 5% set aside for municipalities and the rest going toward a state fund for capital projects. The state’s cut was previously 25%, but was raised to 29% in 2020 following the signing of an omnibus. Overview Charts: 1 Source of Gaming-Related Revenues in Illinois 1. The act permitted video gaming in establishments with an on-premise consumption liquor license. Section 1800. The new gaming law slightly raised taxes on gross video gaming revenue to 33% this fiscal year and 34% starting this summer, still well below several other states that tax video gaming profits at. i EXECUTIVE SUMMARY . August 3, 2021. IGB. Regular License. Licensing COMMERCIAL GAMING Operator: Under the Illinois Gambling Act, the state’s ten existing riverboat casinos may move on land and six new casinos have been authorized. 4 billion in gaming revenue. November 2, 2023. (2) No video gaming terminal licensed under this Act may be played except during the legal hours of operation allowed for the consumption of alcoholic. The Video Gaming Act is amended by changing : 5: Section 35 as follows: 6 (230 ILCS 40/35) 7 Sec. Illinois: Multiple, mobile and retail: 15%: Indiana: Multiple, mobile and retail: 9. The state’s share of tax revenue fell by $56 million to about $342 million, despite increasing the video gaming tax rate from 30% to. There are nearly 24,000 video gaming machines in Illinois, and the amount played over the last few years is in the billions of. In 2019, new gaming legislation increased the state’s VGT revenue split from 25% to 29%. Video gambling is taxed at a flat rate of 30 percent regardless of how much the industry makes. AN ACT concerning gaming. Licensed Establishments Linked to Terminal Operators. 9 billion going into its coffers. JB Pritzker signed in June 2019 is the gift that keeps on giving. Revenue on slot machines in barsAs of Feb. 8% to $814 million, the report said. The state took 30August 3, 2021. Minimum requirements for licensing and registration. Licensed locations generate over $72,000* in additional revenue each year, on average! Plus, video gaming adds an additional amenity to your patrons! *igb. "This is a big win for Scientific Games as Illinois could grow to be the largest video gaming network in the country with the potential for up to 60,000 terminals," said Brennen Lawrence, Vice. The NTI for that period is $6. In 2019, players wagered over $17 billion on Illinois VGTs and won just over $15 billion. News Section. $15,000 for three years. 6% compared to the $1. S. If enacted, Illinois will increase its gaming positions to approximately 39,000, excluding video gaming. epaper readThe $226 billion of total app revenue for games is roughly evenly split between ad revenue ($116 billion) and app store revenue ($110 billion). Tournament, Tournaments & Promotions. Pritzker has signed into law the far-reaching gaming expansion bill passed by the state legislature early in June, paving the way for the roll-out of regulated sports betting. There are nearly 24,000 video gaming machines in Illinois, and the amount played over the last few years is in the billions of dollars -- with a b. A person may not sell, distribute, or lease or market a video gaming terminal in Illinois unless the person has a valid distributor's license issued under this Act. You can easily find out revenue information on the Illinois Gaming Board website for your slot machine location, as well as the municipality and statewide data. The state’s cut was previously 25%, but was raised to 29% in 2020 following the signing of an omnibus gaming. The Illinois Gaming Board is the state regulatory and law enforcement agency that regulates all aspects of casino gambling, video gaming, and sports. Currently, Pekin receives 5% of the revenue generated by video gambling, the state collects 28%, the gaming communication system 1%, and the remaining 66% is split evenly between the machine. The audit of the accompanying financial statements of the Illinois Gaming Board’s State Gaming Fund of the State of Illinois was performed by BKD, LLP. Illinois Gaming Board records show the Underpass gambling machines had a net income of more than $380,000 over the past 12 months — profits that Heidner is required under state law to split 50. Cory Aronovitz is the founder of the Casino Law Group in Chicago. (c) Terminal operator. Video gaming currently represents about 41% of wagering revenue, while lottery makes up nearly 44%. Quarterly gaming revenue grew year-over-year across all verticals, with single-quarter revenue records across both land-based and online casino gaming verticals. commercial gaming revenue reached an annual record of $60. Readily Available. S. During the fiscal year, Illinois generated a total gaming revenue of close to $1. 3% from $1. More Illinois communities have turned to video gambling machines as a way to generate revenue. 65 million, in winnings to players. Self-exclusion: The Illinois Gaming Board operates a state-wide voluntary self-exclusion program for problem. 18 Miscellaneous Gaming Revenue in Illinois 90 . Illinois Gaming Board Meeting Schedule and Documents Access information about the Illinois Gaming Board Meeting dates, minutes and audio. 3. A manufacturer may only sell video gaming terminals for use in Illinois to persons having a valid distributor's license. Illinois law prohibits this as well. The Video Gaming Act sets the tax rate on NTI at 34%, and mandates that all after-tax profits on NTI be shared equally between licensed locations and terminal operators. 15. 6 billion was played on Illinois video gaming machines from January 2012 to March 2019. An administrative fee of 0. EXECUTIVE SUMMARY . 2150 New Section 1800. In 2007, when casino revenue peaked at $1. “More and more local governments searching for additional revenues are turning to video gaming as a new revenue source,” state lawmakers wrote in their “Wagering in Illinois: 2019 Update” report. Illinois’ tax. More casinos. Illinois’ tax. But esports’ growth, and the increasing hold it’s taking on the attention and spending of. Fruchter • Administrator 801 South 7th Street ♠ Suite 400 South ♣ Springfield, Illinois 62703 tel 217/524-0226 fax 217/524-0228 March 1, 2022 Governor JB Pritzker Members of the Illinois General Assembly Greetings, And a provision appears in both the Illinois Gambling Act and Video Gaming Act that makes it clear that conflicts in the two Acts are resolved in favor of the Illinois Gambling Act. The story behind the push tax in Illinois. It will still be a 50/50 split of the balance. Earlier this year, the Illinois Gaming Board (IGB) implemented Administrative Rule 350. Research lead covering internet and gaming. . Total bets at the seven Illinois online sportsbooks have exceeded $1 billion in five of the last nine months. dollars) [Graph], American Gaming Association, May 16, 2023. State of Illinois tax share receives 25%. Pritzker's plan to raise taxes on revenue from video-gaming terminals, which currently stand at 30 percent. Net revenue generated from the machines is taxed at 30 percent. 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. 16 Illinois Video Gaming Statistics by Fiscal Year 38 17 Video Gaming Statistics by Illinois County 40 18 Video Gaming Statistics per County Population 41. One of the reasons for the decline is the emergence of other forms of gaming which weren’t available to Illinoisans in 2012. The State of Illinois VGT Revenue. This could bring the total number of video gaming machines in the state to more than 7,000. You can count on Universal Gaming Group to help you increase and maximize your gaming revenue and navigate Illinois gaming regulations. The machines paid out about 92 percent of the amount wagered, or $39. However, municipalities’ cut was 5% then and remains 5% now. Illinois collects a 30 percent tax on net terminal income, or the amount gambled minus what is paid out, with 25 percent going to the state and the other 5 percent going to the local municipality or county. Of the remaining 66% of NTI, a company called Light & Wonder. Currently, a location receives 45% of the revenue from each machine. D. In 2007, when casino revenue peaked at $1. 7276%. Issue 1: Most states tax adjusted casino revenue and use the taxes to fund state and local programs. Illinois Video Gaming Revenue Split. The law had the following effects: Authorized VGTs at the DuQuoin and Illinois state fairs. Tax Impact & Tribal Revenue Share $2. 98 billion by 2028. Video Gaming Application Fee: $500. Section 1800. “More and more local governments searching for additional revenues are turning to video gaming as a new revenue source,” state lawmakers wrote in their “Wagering in Illinois: 2019 Update” report. In. 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. 4 million for November, with both figures representing month-over-month declines. 00 per terminal. 5 billion at Illinois video gambling machines, according to data from the Illinois Gaming Board. Video gaming revenue declined by about 23% to $1. Education Assistance Fund. 03 billion that was bet on sports in Illinois in. The Annual Fee for Each Video Gaming Terminal is $1,500 The Initial One-Time Application Fee is $1,885 State Law Summary The Illinois Video Gaming Act was adopted in 2009. Most recent revenue data was reported for. 3% annual increase. 0 billion set in 2021. Recent NewsArcade games are coin-operated machines that can be found in public venues such as game parlors, amusement arcades, and shopping malls. 35 billion, according to the annual. 570 Renewal of License. As of February, there were more than 45,100 video gambling terminals across more than 8,200 venues throughout. Video Gaming in Illinois Page 7 Riverboat Year in Review 2018 Page 8 Video Gaming Year in Review 2018 Page 12. - Video Gaming Act. REVENUE POTENTIAL; Marketing; CONTACT; Sales: 815. 19 Video Gaming Statistics by County Ranking 42 20 Top Municipalities with Video Gaming 43 21 Highest Populated Cities without Video Gaming 45 Video Gaming Related Charts: 4 Video Gaming Terminals in Operation in Illinois 37 5 Net Terminal Income Collected from Video Gaming Terminals 39 6 Tax Revenue Collected from Video Gaming Terminals 39 Illinois Policy confirmed that “ [VGTs] have nearly doubled from $395 million in revenue during 2019 to $762 million in 2022. Municipality tax share receives 5%. The IGB consists of five Board Members appointed by the Governor and confirmed by the Senate. Decatur had $878 million played on 447 machines since 2012, and today there are 81 establishments with the gaming terminals. For the most part, the increase in gaming machines and… Search Query Show SearchAlong with video gaming machine activity, the state has reported a surge in sports betting during 2022. A January 2019 report by ProPublica showed a very different take on VGTs in Illinois, however. Bureau County Republican; Daily Chronicle; Gazette/Telegraph; The Herald-News;. By BRITTANY KEEPERMAN. Get in touch with us now. Thanks to the bill, legal sports betting in Illinois and six new retail casinos are in the future, including a casino in Chicago. Tap Room is now Illinois’ seventh-largest video gambling operator, providing slot and poker machines to nearly 300 locations, according to an analysis of gaming board data. He is an Adjunct Professor ofMATTOON — 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 thatIn October, Pekin officials approved an update to the city code, assessing a fee of 2. Watch now: These Illinois municipalities are looking for a bigger cut of video. Video Gambling Machines in Illinois. Annual state gaming license is $100. The municipality where the terminal is located receives 5% of the net terminal income. There was nearly 10% less play in January, with. 230 ILCS 10/5(b), 40/78. Readily Available. 36 billion for fiscal year 2021, which ended June 30, up 11% from the previous year, according to an annual wagering report. This editionThe quiet engine of Illinois gaming revenue, video gaming terminals (VGTs), also sputtered out of the gate to start the new year in comparison to the close of 2021. Increased Taxes. S. 71 billion in 2022, a 9. Davidsmeyer SENATE HOUSE Donald DeWitte Thomas Bennett DaviIllinois. Get Your FREE Guide Revealing…. It will still be a 50/50 split of the balance. The net effect: People in Illinois gambled a lot more, but most of the additional money ended up in the coffers of the companies behind video gambling. The revenue split is specifically dictated by the Video Gaming Act. Illinois has 90 cities with more than a population of more than 20,000 people. The Video Gaming Act stipulates that the revenue from the video gaming terminals is split between the State of Illinois which receives 30%, the licensed establishment which receives 35%, and the terminal operator which receives 35%. January 18, 2022. a great way to scale and build extra Illinois gaming revenue for your business! Illinois gaming has improved in other respects as well. In terms of revenue, Illinois raked in over $81 million. 26 of an ordinance allowingwith electronic gaming devices, such as video lottery . The tax on gaming establishment revenue has gone up from 30% to 33%. 16 Billion. C. The revenue split between Location and Terminal Operator and Location will remain the same, however. Lottery revenue increased 4. 3% between 2018 and 2023 to reach almost US$1. When looking at particular segment revenues. 3% annual increase. The revenue from the COAMs is split by law between the location, a Master Licensee (which owns and maintains the COAMs) and the State of Georgia. The gambling opportunities here are not as abundant as those in states like Nevada, but this hardly impedes the growth of the local industry. Earliest revenue data was reported for March 2020 . Whether for charitable fundraising purposes or simply gambling revenue, Illinois law covers all revenue streams created by games of chance. The Illinois Gaming Board is the state regulatory and law enforcement agency that regulates all aspects of casino gambling, video gaming, and sports wagering in Illinois. According to video gaming revenue reports from the Illinois Gaming Board, since September 2012, gamblers have wagered almost $34 billion on video gambling machines. Similarly, the initial Organisation Gaming licence, and any renewal, is valid for a period of four (4) years. See full list on pjstar. 00. 8% drop compared to December’s total of $216. Video gaming terminals must be located in an area restricted to persons over 21 years of age, with entrance to the area within view of at least one employee over 21 years of age. Limited License. 07435% goes to the Location, the same amount goes to the TO, 33% goes to the State and municipality and 0. Share of video gaming revenues in Western Europe 2022, by source. Illinois started with a few hundred gaming terminals. A manufacturer may only sell video gaming terminals for use in Illinois to persons having a valid distributor's license. This report is the Commission’s 202 3 edition of Wagering in Illinois. , the third largest video gaming terminal operator in Illinois, announced today a settlement. Video Gaming in Illinois Page 8 Riverboat Year in Review 2015 Page 9 Video Gaming Year in Review 2015 Page 12. The Illinois Gaming Board voted Sept. The Monthly Casino Revenue Reports and the corresponding Comma Separated Values (CSV) File agree to Illinois Gaming Board data. 2024 Election; Nevada; Clark County; Las Vegas; Nation and World; Science and. 5 million represented a 9. 21 Miscellaneous Gaming Revenue in Illinois 91 CONCLUSION 92. Under the Illinois Video Gaming Act passed in 2012, the operators must split their proceeds evenly with the local businesses. For completeness, here is the revenue split by Microsoft’s segments. PC video gaming software sales revenue worldwide from 2008 to 2025, by category (in million U. EXECUTIVE SUMMARY . Similarly, the initial Organisation Gaming licence, and any renewal, is valid for a period of four (4) years. According to figures released by the Illinois State Gaming Board, over $2. The Administrator. Spending on esports is projected to surge at a compound annual rate of 18. CHICAGO (CBS) -- Revenues from video gaming are outpacing those from casinos for the first time in Illinois. Access information about monthly revenue data for Video Gaming statewide, by municipality, or establishment. 9 million every day. 8bn. The Illinois rules allow for so-called “puffery” promotions, according to the gaming board, such as “best bar in town” or “best nachos south of I-80. State’s revenue from gambling nears $2 billion in fiscal 2023. For example, the Criminal Code specifically allows, among a variety of forms of gambling,. 89 million in. Tribal Casinos. Revenue. For. (c) Terminal operator. The Illinois Video Gaming Act was enacted at this time and allows the use of Illinois slot machines in liquor-pouring establishments and truck stops. Check it out for yourself at the Illinois Gaming Board Video Gaming Revenue Reports page. However, municipalities’ cut was 5% then. One of the reasons for the decline is the emergence of other forms of gaming which weren’t available to Illinoisans in 2012. While certain streamers used to get this 70/30 cut on Twitch, the. Public Act 96-0034 became law, legalizing video gaming in Illinois. The owners of two groups operating many of the video gambling establishments in strip malls and other locations across Illinois have sued the Illinois Gaming Board, arguing one board policy and two provisions of the state’s 2009 Video Gaming Act are unconstitutionally depriving them of the chance to negotiate better. 9, there were 28,582 video gaming terminals at 6,403 locations throughout the state, the Illinois Gaming Board reports. ILLINOIS GAMING BOARD NOTICE OF ADOPTED AMENDMENTS 1) Heading of the Part: Video Gaming (General) 2) Code Citation: 11 Ill. The Act details how the taxes received from the new casinos will be split among the various municipalities – significantly, the tax revenue from the Chicago casino (subject to appropriation) will be applied to the city’s obligation to fund pension payments. Gamblers are placing more and more bets on video slot machines than at Blackjack tables or horse race tracks in Illinois. Productivity and Business Processes segment earned $63. 5 percent increase. The net terminal income of close to $195. 888-862-2235 (Sales) 888-972-2235 (24/7 Service) Video gaming currently represents about 41% of wagering revenue, while lottery makes up nearly 44%. Some of the money goes back to the players who win. Location License Web Application (for help, see the Location Application FAQs ) Truck Stop and Large Truck Stop Affidavit. In 2022, 41. In January 2022, the statewide average player win percentage was 91. Given the bills we’ve seen, proposed tax rates are somewhere in the. The Illinois Gaming Board will assure video gaming terminals are located appropriately within the establishment. Video Gaming. Past research has found that while gambling expenditures are positively correlated with income, they are also regressive in that, as a proportion of individual income, they are negatively correlated with income. March represented a new single-month revenue record with a revenue of $5. The Illinois online sports betting market consistently ranks as the second biggest in the United States and we have the numbers to back that up. In CYEvanston’s City Code 9-5-8 prohibits local eateries and watering holes from participating in the Illinois Video Gaming Act. It will still be a 50/50 split of the balance. This report is theCommission’s 2019. 4 million for the month of December, as the gaming discipline generated $290 million in state tax revenue for the 2022 calendar year. Location owners in Illinois are earning an additional $121,000 per year through video gaming. The excellent February is an 18% year-over-year increase from February 2022. Local Municipality: 5%. Two gaming operator businesses - J&J Ventures and Accel Entertainment - sued Pekin, claiming that the percentage-based fee actually constituted a tax and was therefore barred by Illinois’. 0844. - Video Gaming Act Illinois Department of Revenue Responsibility Money collected from. 8 billion was taxed of. Record lottery sales helped boost Illinois gaming tax revenue to $1. The Basics of the Illinois Slot Machine Industry. In August 2023, the retail gaming revenue in the United States amounted to 4. Twitter. Illinois legalized the use of VGTs in certain non-casino establishments in 2009 (“The Video Gaming Act, 230 ILCS 40” 2009), but has had legal casino gambling in the form of riverboat casinos since 1991 (Dudzinski 2017). It will reach $376. By the end of 2015, there will be approximately 20,730 gaming terminals. Nothing Outsourced. This aims to raise $45bn to invest. Tax Structure: Internet casino gaming revenue is taxed at an effective rate of 17. The remaining two-thirds is split between establishments and terminal operators. According to the latest figures from the Illinois Gaming Board, from January through October, Illinois has raked in more than $1 billion in gambling revenue from video gaming, sports wagering and casinos. 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. Based on their audit, the auditors expressed an unmodified opinion on the State Gaming Fund’s financial statements. 00 paid by the video gaming terminal operator and $250. Increased Taxes The new gaming legislation led to changes in taxes that are imposed on licensees. As of July 2020, the tax on video gaming revenue is 34%, with 5% set aside for municipalities and the rest going toward a state fund for capital projects. This marks the first $60 billion year for the commercial gaming sector, passing the previous record of $53. “We are your partner every step of the way. Earlier this year, the Illinois Gaming Board (IGB) implemented Administrative Rule 350. US Legal Forms is the industry leader in affordable access to state-specific form templates. We’re announcing this change now, but it won’t go into effect until after June 1, 2023. Additionally, beginning on. 0. 9 billion going into its coffers. Licensees. 5 million in tax revenue. As more gamblers turned to video slots and poker, the state’s cut of gambling profits dropped. The remainder is deposited into the Capital Projects Fund to cover costs related to the state's 2009 capital plan. When COVID-19 pulled the plug on Illinois gambling, it took away a reliable source of money for municipalities. IGB. However, when combined with video gaming totals,. 9 million - Year-over-year change: 60. 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. gov. Collections from video slot machines posted the biggest gains this year, rising 6. The report said: “State designated tax revenues from overall gaming in Illinois fell 11. The revenue split is specifically dictated by the Video Gaming Act. 560 Issuance of License. Under the Illinois Video Gaming Act passed in 2012, the operators must split their proceeds evenly with the local businesses. Downers Grove Sets November 2024 Vote On Video Gaming Terminals. – U. Additionally, gambling will be permitted at the state’s three existing racetracks and a. In addition, the Illinois Gaming Board announced that all video gaming operations will continue to be suspended until at least April 8th. terminals or video gaming terminals, in Illinois, Louisiana, Montana, Nevada, Oregon, Pennsylvania, South Dakota and West Virginia. A portion of the tax is returned to local governments where the tax was collected. Since it began in 2012, video gaming has mushroomed. 5% for all VGTs at retailers, the lowest report win% every for Illinois. In six years, the number of Illinois communities banning video gaming has fallen from 63 percent to 36 percent. B. From our outstanding record of improving our locations’ gaming revenue to our superior customer service, we value our locations as our partners in. 5. With video gaming terminals generating nearly $2 billion in revenue, some communities in Illinois are looking to get a bigger. Even if no costs are split, a TO must still file a report. recurring tax revenue, which would be split between education, capital, local government distributions and other stated purposes. Video gaming machines have been popping up in Illinois bars and restaurants for nearly four years. surpassed $85. 8513% of the profits go to the Central Communications Service. 4 million in revenue for Q1 2022. Oak Lawn Trustee Paul Mallo told. 7 AGR of Illinois Casinos vs NTI of Illinois Video Gaming Machines 47 8 AGR of IL and IN Casinos vs NTI of Terminals in Chicago Area 49 9 AGR of IL and IN Casinos vs NTI of Terminals in Chicago Area (Stacked) 49. That left $3. The gaming market is estimated at $245. IGB. 5 percent. Mar 30, 2021. Video gambling is taxed at a flat rate of 30 percent regardless of how much the industry makes. In 2021, some officials in the city of Evanston decided to investigate their own local ordinances. What type of fees do I have to pay for Illinois video gaming? One-time Application fee to the Illinois Gaming Board is $100. Exit Conference The Illinois Gaming Board waived an exit conference in a. 18 Miscellaneous Gaming Revenue in Illinois 91 . 5% for all VGTs at retailers, the lowest report win% every for Illinois. S. 8512% must also be split between. The Illinois Gaming Board reported casino revenue of nearly $104 million and video gaming terminal revenue of $205. Terminal Operator (Abraham Gaming) receives 34. Maximum bets placed on each machine will increase to $4 from $2. Commission on Government Forecasting and Accountability COMMISSION CO-CHAIRS Senator David Koehler Representative C. The decrease in net video gaming revenue is largely attributable to the temporary shutdown of Illinois video gaming from March 16, 2020 to June 30, 2020, due to the COVID-19 outbreak which impacted 106 of the 274 gaming days (or 39% of gaming days) during the nine months ended September 30, 2020, partially offset by the acquisition of. A ILLINOIS GAMING ESTABLISHMENT CAN make approximately how much revenue per year? The average video gaming revenue generates $75,000 in commission every year. VGTs is split up as follows (and illustrated in the following chart): Establishment (35%), VGT Operator (35%), State Tax (25%), and Municipal Tax (5%). For context, Illinois’ general funds revenue in fiscal year 2015 totaled $36. i EXECUTIVE SUMMARY This report is the Commission’s 2021 edition of Wagering in Illinois. over the last five years, lawmakers in several states have introduced bills during the 2023 legislative sessions that are designed to increase awareness as well as funding for. The CSV file can be downloaded into other file types and managed for the ease of the user, however, the Illinois Gaming Board is not accountable for the reliability of disseminated information resulting from changes to the Illinois Gaming Board's data that are made by. “Revenue above $100K will be split at the standard 50/50 share split. Illinois' nearly 6,000 video gambling parlors could reinvest more in their businesses, including making their operations more consumer-friendly, if they weren't required to evenly split their. Video gaming currently represents about 41% of wagering revenue, while lottery makes up nearly 44%. As more gamblers turned to video slots and poker, the state’s cut of gambling profits dropped. 28, 2020. ILLINOIS GAMING BOARD JB Pritzker • Governor Charles Schmadeke • Chairman Marcus D. Illinois gambling laws encourage video gaming establishments to grow their business with Illinois slot machine revenue. According to IGB figures, there are now 4,965 locations licensed for video gaming; Illinois has gone from having just 10 locations with state-sanctioned gaming, to having.