Sales & Use Taxes. Recommended Reading: (230 ILCS 40/15) Sec. Optional reporting method for bingo, keno, and slot machine winnings. Given the bills we’ve seen, proposed tax rates are somewhere in the. - ILLINOIS VIDEO GAMING MUNICIPAL PUSH TAX. The new rules will not affect the amount Peoria gets from taxes collected on video gaming. Gov. See id. Go to. Read more about the ruling from the IGMOA here: The next biggest gaming revenue in this five-year period was video gaming, which was legalized in July 2009 with P. Although these tax revenues rebounded with a 9. 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. A. info@ugaminggroup. 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. Mount Zion had $18 million played on its 18 machines, and Warrensburg. Pritzker issued a statewide disaster proclamation in response to COVID-19. Under the plan, a Chicago casino would pay 26. Trick to win slot machines de chat 24 uur per dag, but. Should online casino gaming pass, it wouldn’t be surprising if the tax rate is ultimately negotiated higher. Recommended Reading:"Board" means the Illinois Gaming Board. In April 2017, they brought an 11-count complaint against the Board challenging the Gaming Act’s dual-license prohibition and profit-splitting requirement as well as the Board’s policy document on inducements, advertising, and promotions. Additionally, as a result of the Video Gaming Ordinance a positive fiscal impact is projected for the Cook County Gaming Machine Tax revenues - ranging from $32,000 - $40,000 annually. 8% to $814 million, the report said. Through July, nearly 18,000 machines generated about $104 million. 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. 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. 120, par. 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 number of video gaming terminals increased to 43,000 by the end of state fiscal year 2022. (a) Until January 1, 1998, a tax is imposed on the adjusted gross receipts received from gambling games authorized under this Act at the rate of 20%. 230 ILCS 10/13. 037 billion to the State and approximately $194. In addition, the board manages the tax collection of both riverboat casinos and video gaming establishments. “You’ve got about. From each admission, $1 is distributed to the designated local government entities and the remainder goes to the [email protected] Video Gambling Tax Hike Will Be Decided by Lawmakers With Financial Ties to the IndustryWith the Illinois General Assembly poised to consider a tax hike on video gambling, some key lawmakers and their family members have developed previously undisclosed financial connections to the industryvideo gaming terminals, as defined in the Video Gaming Act, 20 by manufacturers, distributors, and terminal operators : 21 licensed to do so under the Video Gaming Act. the Illinois video gaming market and how Accel Entertainment can help your Illinois establishment profit through slot machines. Oak Lawn officials said they believed the tax would help the village raise at least $500,000 per year in additional revenue. In FY 2019, video gaming machines generated $1. As of February, there were more than 45,100 video gambling terminals across more than 8,200 venues. • In July 2009, Public Act 960034 became law, legalizing video gaming in Illinois. 1-1-14. Sorosky, told the jury his client James Weiss, paid “legitimate consulting payments” exceeding. 4. In February 2022, the city took in $84,000 in tax revenue from all the machines within the city. doug. Investigators/ Inspectors: N/A. The excellent February is an 18% year-over-year increase from February 2022. Gaming board records show that Rankin made about $87,000 from video gambling machines last year, far less than the $2. 1, apparently the first tax of its kind in Illinois. Ivan Fernandez, who heads the Illinois Gaming. SPRINGFIELD — With the Illinois General Assembly poised to consider a tax hike on video gambling, some key lawmakers and their family members have developed previously undisclosed financial. 2%. B. "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 . 00 for. You should receive a Form W-2G from each sportsbook that paid out to you. State and local governments collected more than $900 million in tax revenue from traditional video gaming machines in 2022. A report produced by one of the game providers the IGB recognizes, Accel Entertainment, says that VGT operators in IL generated over $145. ILLINOIS GAMING MACHINE OPERATORS ASSOCIATION Phone: (815)4160741 Fax: (815)3640364 Website: This is a month-to-month agreement. The detailed monthly activity reports from the casinos are due by midnight on the last day of every month. The handle was the 14th-highest monthly amount reported of any state in the post-PASPA era that started in June 2018, bettering the Illinois mark of $840. (2) With respect to a corporation, any corporation organized under the laws of this State and any foreign. ILLINOIS GAMING BOARD . Form/Filing & Payment. Charitable Games Tax and License Fees. Sec. 7 million a year in. Collections from video slot machines posted the biggest gains this year, rising 6. 5% of net revenue from each gaming terminal in the city. Cook County Board President Toni Preckwinkle today announced an adjustment to her proposed tax on gambling machines by creating a two-tiered system. WHO MUST REGISTER? 1. 99 billion in the fiscal. TAX This tax is imposed on the retail purchase of tangible personal property titled or registered with the State of Illinois to an add… Veterans Affairs. Thus, according to the Tax Ordinance, a slot machine at a casino would be a typical gambling device, while a video poker machine at a bar or restaurant would be a typical video gaming terminal. Report authors estimated that Illinois online casino gaming could have generated anywhere between $622. Illinois Gaming Board - Video Reports. 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. Admissions Tax The admissions tax was increased by the. In July 2009, Public Act 96-0034 became law, legalizing video gaming in Illinois. The Gambling Machine Tax is separate from the licensing process. State gaming and tax revenue totals do not include . For inquiries regarding video gaming disbursements, please call 217-524-0226 or send an email to webmaster@igb. "This would. Robert Herguth /. As the premier slot machine provider, Universal Gaming Group. ILLINOIS GAMING BOARD MINIMUM INTERNAL CONTROL STANDARDS TABLE OF CONTENTS . DECATUR — Five years after the first legalized video gaming machine went online, Illinois now has one terminal for. 9, 2012)), filed by plaintiffs, the Illinois Coin Machine Operators Association, Gaming and Entertainment Management—Illinois, LLC, and. The current tax rate imposed on video gaming terminals’ (“VGTs”) net terminal income is 30%. Both machines would be considered gambling machines. The slots machine laws in Illinois for a brick and mortar casino are in place to protect the player as well assure the government that they get their fair share of the tax revenue. Home rule means that a municipality may “exercise any power and perform any function pertaining to its government and affairs including, but not limited to, the power to regulate for the protection of the public health, safety, morals and welfare; to license; to tax; and to incur debt. 5% increase to. 39-214. While the Illinois Video Gaming Act went into effect on July 1, 2009,. This amount is cumulative over the course of the year. Published: Sep 15, 2021 at 10:18 am. 249 billion for operators during the 16-month period beginning on Feb. Gaming machines generated $1. "Credit" means one, 5, 10, or 25 cents either won or purchased by a player. The main reason is that it can help local businesses and generate additional tax revenue that can be used for local improvements. Prepaid Wireless E911 Surcharge. Violations could trigger fines of up to $750 a day. Slots &. You can add playing the lottery to the growing list of pandemic trends in Illinois. All license fees are paid annually as part of the establishment's business license renewal. 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. Lucky Lincoln Gaming, which is owned by Jeff Rehberger Jr. at 8. Gaming providing economic value for Illinois. In October, Pekin officials approved an update to the city code, assessing a fee of 2. 95%. Video gambling is taxed at a flat rate of 30 percent regardless of how much the industry makes. Illinois casino revenue down $200M since 2012, as Chicago bets on casino. The State collects license fees and video gaming taxes from video gaming terminals at locations throughout the state. Floor . Two members of the Illinois Gaming Machine Operators Association, which represents the companies that provide video gaming terminals in thousands of small businesses across the state, sued the City of Pekin late last year in Tazewell County Circuit Court. Wagering tax; rate; distribution. The 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. ”1. 5%, the state of Illinois earns 29%, the local municipality. The County estimates annual operating costs between $190,000 to $230,000 which will increase with inflation and will beIllinois business tax authorization. (2) With respect to a corporation. $600 for three years. Charitable Games Tax and License Fees. Law360, Chicago (August 11, 2015, 4:05 PM EDT) -- Cook County, Illinois, on Tuesday urged a state appeals court to revive a controversial tax on slot machines and video gaming. The. This tax money is collected by the State and10 Operating Tax Rates for Illinois Casinos (FY 201 8 – FY 2023) 17 11 FY 2023 AGR Statistics 18 12 Statistical Summary of Bordering States with Casinos 21 13 Statistical Summary of the Top 20 Revenue Casinos in Great Lakes Region 28. In February 2022, the city took in $84,000 in tax revenue from all the machines within the city. 2 million, with money put into the machines coming in at $59. 38, par. During the January-September period in Oak Lawn, customers at 250 video gambling terminals in played $183. 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. Page 2Online wagering began on June 18, 2020 and in-person wagering resumed on July 1, 2020. COMMERCIAL GAMING Gaming Tax Rate: Illinois has a graduated percentage tax on casino gross gaming revenues based on annual adjusted gross receipts (AGR) (230 ILCS 10/13): Up to $25m 15% Over $25m 20% All Other Gambling Games AGR Tax Rate Up to $25m 15% $25m to $50m 22. The rate increased to 33% of a VGT’s net income and will go to 34% on July 1, 2020. The amount of income generated per machine per day rose from $138 to $165 in that span. W. Offerings First Column. Illinois tax revenue from gambling grows to $1. Richard Scales plays a video gambling machine at the V. Video gaming machines generated over $2. When does the ordinance go into effect?. Chicago is in line for casino gaming soon, but its success is dwindling as video gaming machines and sports betting rise. 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. is required to file an Illinois tax return during the taxable year. gaming machines generated $1. Bob Rita, D-Blue Island, would prevent Oak Lawn from implementing a new ordinance that taxes users of video gaming machines. 2. 8 billion in net terminal incomein FY 202 , a 3 7. 312-814-4700 . Illinois Video Gaming Machines. The Illinois Gaming Board also maintains the integrity of the Illinois gaming machines through regular inspections. and 22,135 video gaming machines existed; in 2016, 5726 live locations and. B. (Source: P. Luis Arroyo, a Chicago Democrat, leaves the Dirksen U. A bill introduced earlier this month by state Rep. Recently, an Illinois Appellate Court found that these sweepstakes machines fall under the state video gaming law and, therefore, must comply with the licensing and tax requirements. The new Video Gaming Act is codified at. Tax returns filed pursuant to this Act shall not be confidential and shall be available for public. The Illinois Gambling Act created the Illinois Gaming Board (board). During the January-September period in Oak Lawn, customers at 250 video gambling terminals in played $183. Illinois Policy confirmed that “ [VGTs] have nearly doubled from $395 million in revenue during 2019 to $762 million in 2022. This rate is notably low. The establishment will earn 32. 39-211. ”. Tax increase. 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. , has nearly 1,200 machines, officially known as "terminals," in about 200 bars, restaurants, gas stations and other locations throughout. The total amount of money put into Galesburg video gaming terminals, or video slot machines, totaled $26,473,702 in 2018 with revenue (or the amount lost by people playing the machines) at $7,329,391. National Indian Gaming Commission, card rooms or . During the 2019 fiscal year, statewide gambling terminals led to $478 million in tax revenue for state and local governments, according to the Better Government Association. They would also require approval from the Illinois Gaming Board. "Occupational license" means a license issued by the Board to a person or entity to perform an occupation which the Board has identified as requiring a license to engage in riverboat gambling, casino gambling, or gaming. fective July 1, 2020, the City's Push ax Ordinance (the "Ordinance") became fective. 2. for the period of August 1, 2013, through July 31, 2014; then renewed annually thereafter. 6%, $415 million, increase since FY2018. Share. This may include copies of identification, financial statements, tax records, or any other documentation required by the regulating. video gaming terminals, as defined in the Video Gaming : 13 Act, by manufacturers, distributors, and terminal : 14 operators licensed to do so under the Video Gaming Act. 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. Although these tax revenues rebounded with a 9. The Pritzker administration has said the video gaming tax change would generate $89 million. 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. Illinois’ tax. 2404) Sec. ”. 5 million revenue threshold that would trigger the higher tax under Pritzker. In. 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. For each of the 24 jurisdictions, the report analyzes gaming revenue and gaming taxes generated by commercial casino locations for the calendar year 2018. The bar owners and the purveyors of Cherry Master machines resisted this for a long time as they were keeping 100% of the profits from illegal gaming. Video gaming netted about $122,000 in tax revenue for Lansing over the. The net terminal income of close to $195. gov at the time the application is submitted. Full meals used to be on the menu at La Cabana Mexican Restaurant in Melrose Park, but now the small storefront sells only steak tacos. Separately, a state Appellate Court affirmed Cook County’s legal right to tax area. 1. l Gambling Machines that will be played or operated in Cook County for the first time on or after February 1st of an Emblem Year are eligible for prorated tax rates of $500. o Additional City Privilege Tax. Bauer has ruled that the City of Pekin’s ordinance taxing video gaming is unlawful and barred by state law, resulting in a major victory for Illinois small businesses and their customers. Arroyo has been hit with a federal charge alleging he agreed to pay a state senator. 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. To prevent local government from overstepping, the. In August 2021, the Illinois Gaming Board filed a complaint against FJC Technologies, LLC,. 815-416-0741 [email protected] next biggest gaming revenue in this five-year period was video gaming, which was legalized in July 2009 with P. The State collects license fees and video gaming taxes from video gaming terminals at locations throughout the state. casinos generated a record amount of gaming revenue in 2018. There are some 44,000 VGT units in about 8,200 locations. Coin-in data was retrieved from Illinois Gaming Commission reflecting the period from January 2000 to December 2005. In FY 2019, video gaming machines generated $1. 708-967-5722. From January 2012 to March 2019, state gaming board data shows, $77. For these gaming positions, the CCDA must pay an initial fee of $100,000 plus $25,000 per gaming position. Go to 230 ILCS 40/1 et seq. Illinois casino revenue totaled $122. 7 AGR of Illinois Casinos vs NTI of Illinois Video Gaming Machines 46 8 AGR of IL and IN Casinos vs NTI of Terminals in Chicago Area 47 9 AGR of IL and IN Casinos vs NTI of Terminals in Chicago Area (Stacked) 48 10 Tax Revenue from Casinos and Video Gaming in Illinois 49 LOTTERY 51 Lottery Related Tables: 22 Lottery Sales by Game 54 Every casino in Illinois is required to submit to the Illinois Gaming Board a monthly report detailing information of the respective casino's admissions, receipts and gaming data. For the examination of video gaming machines and associated equipment as required by this Section, the. (230 ILCS 10/13) (from Ch. This tax money is collected by the State and 10 Operating Tax Rates for Illinois Casinos (FY 201 8 – FY 2023) 17. 8513%: 5%: 25%:. , regulates the operation, licensing, and administration of video gambling; and WHEREAS, the Village ofTinley Park (“Village”) in accordance with the VGA regulates video gaming activity within the. 01 or more and 24% federal income tax on wins greater than $5,000. The amount of revenue put into these machines is staggering. Video Gaming Terminal - $200. 8 million, according to the. The current graduated tax on Illinois casinos is 15 percent. 10 tax revenue from casinos and video gaming in illinois. For February, the 11 gaming facilities reported over $115 million in total gaming revenue. N/A: Yes. 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. Bertucci also got gaming machines for a time from M & M Amusement, which corporate records said was headed by Michael “Mickey” Marcello, a reputed Chicago mob figure, but which was overseen by his mob boss-brother James Marcello, according. 072 and 5747. A video gaming terminal (VGT) “push tax” went into effect in Oak Lawn on Jan. 6 billion was played on Illinois video gaming machines. Sec. The Missouri Lottery will withhold 4% state income tax on prizes of $600. - Video Gaming Act Illinois Department of Revenue Responsibility Money collected from. )), which legalized the use of video gaming machines, such as video poker, blackjack, and slots, as a form of gambling in certain locations. Privilege Tax Changes Illinois currently levies a privilege tax on casino gaming at rates that vary with annual GGR volume. Illinois lawmakers would have to bring a more relaxed regime regarding some betting restrictions rather than increasing tax rates imposed on video gambling in case they want to see more video gambling revenue brought to the state any time soon. 6 million in first month since coronavirus shutdown The state’s 10 casinos each took a sizable hit in revenue, but not as bad as many were. The number increases to $1,200 in gambling winnings from bingo or slot machines. WHO MUST REGISTER? 1. by Jason Grotto and Sandhya Kambhampati,. This 230 ILCS 40/1 et seq. A review of data received from the Illinois Gaming oard revealed the business identified above is an Illinois Gaming oard licensed Terminal Operator, Licensed Video Gaming Location or Licensed Riverboat Gaming Operation. Even with a pandemic-induced two-month shutdown, Illinois video gaming machines posted a record $1. 720 ILCS 5/28-1) (from Ch. fective July 1, 2020, the City's Push ax Ordinance (the "Ordinance") became fective. Watch the latest video reports from the Illinois Gaming Board, covering topics such as casino operations, video gaming revenue, sports wagering and more. The Illinois Gaming Board reported $114 million in casino gaming revenue in November, as a dip in electronic gaming device (EGD) and slots revenue offset a year-best total from table games. Cook County, Illinois will receive $3 million in casino tax revenue owed by Rivers Casino in Des Plaines, which fought a three-year court battle alleging the county's slot-machine tax was unfair. Gaming Equipment: A machine, mechanism, device or implement which effects the result of a Game by. Licenses must be obtained by the establishment where video gaming terminals will be operated. 8% drop compared to December’s total of $216. 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. IGB claims that the gambling license awarded to Jeffrey Bertucci for video gaming machines operated at his diner is subject to revocation after. Stay informed and updated on the state of gaming in Illinois. WHAT IS TAX RATE? Gambling Device - $1,000. A. $200 for one year. Geo resource failed to load. 7% in FY 2020 to $1. 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. Form/Filing & Payment Requirements To receive decals: Form RCOA-1, Coin-Operated Amusement Device Tax Decal Order Form, is due annually on or before July 31. Rick Heidner, Illinois video gambling mogul, and his wife owe $5 million in income tax, IRS says The Heidners didn’t contest that they owe $5,083,274 in personal federal income taxes from 2021. 28, 2020. Illinois Gov. 5 million revenue threshold that would trigger the higher tax under Pritzker. The applicable law says that tax dollars collected from VGTs go to the Capital Projects Fund. 5% $100m to $150m 37. Definitions. ∗ Tax Rate is 30% of Net Terminal Income . No localIllinois Gaming Board. gaming features and enrich only the unregulated machine companies and locations while creating a burden for law enforcement, healthcare providers and regulators. 5 million for January, moving the state’s all-time legal wagering within $250 million of the $10 billion mark. How a Terminal Operator assists in the process. 58-161. Prior to July 1, 2019, the tax imposed on licensees was 30%. The common thread among these practice areas, is that Morrel Law PLLC helps its clients and their families navigate through the challenges and demands of jobs, self-employment, and retirement in a tax-efficient. Effective August 23, 2005 the admissions tax was set at $2 a person for patrons of Casino Rock Island. 39-212. FAQ for the Cook County Video Gaming Ordinance, Secs. General . Gaming Equipment: A machine, mechanism, device or implement which effects the result of a Game by. A payer may use the optional aggregate reporting method to report more than one payment of reportable gambling winnings from bingo, keno, or slot machines received by a payee in a 24-hour calendar day or "gaming day" on a single information return. In Clair v. % above the average daily. In February 2022, the city took in $84,000 in tax revenue from all the machines within the city. or are subject to federal income tax withholding. This industry was created through the Video Gaming Act in 2009. This produced $70 million in tax revenues to local governments (up. Local Taxes Municipalities and counties may impose a tax on coin-operated amusement devices, which the Department of Revenue does not collect. 00 per terminal. The breakdown of revenue sharing in the Illinois video gaming market. Gold Rush Gaming machines are seen. 2. 501(c)(3) nonprofits are tax-exempt and eligible to receive tax-deductible. The Gambling Machine. The ordinance called for proceeds from the fee to be split between the City’s police and fire pension funds. 00, annually. The Video Gaming Act (230 ILCS 40) is available online on the Illinois General Assembly website. (a) A privilege tax is imposed on an Internet gaming : 22: operator based on the adjusted gross gaming revenue wagered on : 23: Internet gaming platforms authorized under this Act at a rate : 24: of 15% of adjusted gross gaming revenue. The bill’s primary sponsor, state Rep. PEKIN — Tazewell County Circuit Court Judge Paul E. This is consistent with the Individual Income Tax rate of 4. Furthermore, unregulated gaming increases social costs and criminal activity and provides questionable tax or other benefits for the states where it exists. 7% in FY 2020 to $1. 3% of the casino’s AGR. 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. Licensed Establishment: any business licensed by the State of Illinois to have or operate a video gaming device in the City/Village/Town, including any licensed fraternalPekin officials in October approved a city ordinance assessing a “fee” worth 2. Record lottery sales helped boost Illinois gaming tax revenue to $1. - 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. (Source: P. Licenses for the operation of at most five VGTs can be given to retail establishments that serve. more than 43,000 machines exist in 8,000 licensed video gaming locations across the state. JB. With video gaming terminals generating nearly $2 billion in revenue, some communities in Illinois are looking to get a bigger piece of the take by implementing a tax on each bet. "Adjusted gross receipts": The gross receipts less winnings paid to wagerers. Because the City was using the revenue for public safety pensions and not in any relation to video gaming, the law considers it a tax – no matter what the City actually calls it – and any such tax is barred. 593 billion in net terminal income. As more gamblers turned to video slots and poker, the state’s cut of gambling profits dropped. -. That sent almost. 54-424 et seq. All TOs must abide by the state-determined profit sharing system. The total was 1. Pursuant to Ohio Revised Code (ORC) 3770. The Illinois Gaming Board administers a regulatory and tax collection system for casino gambling, video gaming, and sports wagering in Illinois. (a-1) From January 1, 1998 until July 1, 2002, a privilege tax is imposed on persons engaged. Regular License. In addition, the board manages the tax collection of both riverboat casinos and video gaming establishments. e. At first, 61 machines statewide generated $27,000 in tax revenue. 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. By comparison, the $717 million in tax revenue from VGTs was more than the combined $643. The casino is open to free and real money players with games starting as low as one cent up to $125 a spin. 2 million from operators in March alone — has been noticed by Illinois legislators. The NTI for that period is $6. 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. According to Market Watch “the global Video Gaming Terminals (VGT) market reached a value of USD $845. 8% tax to the state and 23. Edgar Gonzalez Jr. 312-814-4700. 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. 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.