Illinois to Become ‘Gambling Capital of the Midwest’ as Governor Signs Massive Expansion Package

Illinois to Become ‘Gambling Capital of the Midwest’ as Governor Signs Massive Expansion Package.

Costfoto / NurPhoto / Getty Images

Key Takeaways

Illinois governor J.B. Pritzker on Friday signed a that will establish a huge casino in Chicago, as well as five smaller regional casinos in the southern suburbs. It’s a feat lawmakers and a succession of Chicago mayors unsuccessfully for years.

Chicago casinoWith the stroke of a pen, Illinois Gov. J.B. Pritzker has dramatically increased the number of gambling positions in the state, prompting fears of market saturation. (Image: Soloman Leiberman/Better Government)

Part of a broader spending package that earmarks billions for investment in infrastructure, the newly enacted legislation will legalize land-based and , while increasing the number of video gambling machines, as well as the maximum bet on the machines.

In all, the number of gambling “positions” — literally, seats where you can gamble inside a casino, bar, or racino — will grow from almost 44,000 to nearly 80,000, leading local media to declare the state will become “the gambling capital of the Midwest.”

Illinois could end up with a gambling sector three times the size of any of its neighbors. The Chicago casino alone will contain up to 4,000 gambling positions — three times more than any of the state’s ten existing casinos most of which will see their maximum number of positions jump from 1,200 to 2,000.

Rebuilding Illinois

“Together we passed the largest, most robust capital plan in this state’s history,” Pritzker said of the capital plan, dubbed “Rebuild Illinois.”

We’re investing $45 billion over six years to fix what’s broken and repair what’s needed,” he added.

The state is expected to reap $2 billion in one-off licensing fees, and $400 million per year once the expanded gambling market matures. Supporters say the new casinos will create thousands of temporary construction jobs, while the Chicago property alone will generate an estimated 4,000 permanent jobs.

Thousands more people will be employed at the regional casinos, which will be located in Waukegan, Rockford, Danville, Downstate Williamson County, and Cook County. Two of these will be new properties to be built from the ground up. The other three are the states’ existing three racetracks, which will be permitted to upgrade to full-scale casino operations.

Saturation Fears

Naturally, all this gambling expansion is not everyone’s cup of tea. The legislation was pushed through despite objections from church groups and others.

“While the governor and legislators are celebrating the signing of the bill, a large part of the funds for new buildings will come from Illinois residents losing their money in video gambling machines, betting on sports, gambling at stadiums and on cell phones and at more casinos,” Anita Bedell, executive director of the Illinois Church Action on Alcohol and Addiction Problems told The Chicago Sun-Times.

“This is a terrible way to raise money,” she added.

Bedell has an unlikely ally in the form of Illinois Casino Gaming Association (ICGA), which has expressed skepticism over projected revenues and has concerns that the sudden drastic increase in gambling positions will lead to saturation in an already crowded market.

“This is a bill that will grow the number of gambling positions, but it’s not going to increase the number of gamblers,” ICGA director Tom Swoik told Propublica Illinois. “This state has not been business-friendly to the casinos from the beginning, and this bill doesn’t help that.”

Article Sources
Controversial Maine Casino Backer Finally Surfaces, Hires ‘Firm Behind Brexit’ editorial policy.
  1. New Jersey Online Gaming Study Predicts Huge Growth Trend Will Continue in 2017

Compare Accounts
×
Sports Betting Exchange Sporttrade Joins International Betting Integrity Association
Provider
Name
Description
Bally’s Traffic Study for Temp Casino Skewered by Chicago Alderman  Controversial Maine Casino Backer Finally Surfaces, Hires ‘Firm Behind Brexit’  MGM Unlikely to Bid Anew for Entain as Economy Crimps Financing  Brothers Found Guilty in Washington Casino Murder – Botched Robbery Was Over $7,000  VSiN Buy Adds to DraftKings Content Menu, Boosting Long-Term Earnings  Tilman Fertitta Urges Louisiana to Ease Gaming Regulations to Allow for Expansion  Ladbrokes Holds Corgi Race To Predict Royal Baby Name  Lottery Winner Who Left Winnings in Shopping Cart Hunted  Slot Manufacturers Say Millennials Will Come Around With Age, Baby Boomers Still Alive and Well  Sen. Elizabeth Warren Woos Oklahoma Native American Tribes, Attempts to Restore Relationship