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
Macau Welcomes Record 35.8M Tourists in 2018, Optimistic to Hit New High in 2019 editorial policy.
  1. American Alliance of Football Set for Kickoff With Gambling Slant in Mind

Compare Accounts
×
3000/1 New York Knicks Most Valuable NBA Franchise at $4B
Provider
Name
Description
UK Horse Racing Suspended Over Fears of Vaccine-Resistant Equine Influenza Epidemic  NFL Super Bowl Commercial Cost Stagnant, 30-Second Ads $5M Each  Angry Gambler Attacks Bayou Casino Slot Machine  Each Japan Integrated Resort Casino Will Measure at Least 1M Square Feet  Truck Stop Definition is Latest Battleground in Pennsylvania Gaming Expansion  Nagoya, Chiba Considering Taking Part in Japanese IR Bidding Process  Connecticut’s Planned Tribal Winds Casino Project Still Up in the Air  Britney Spears Reportedly Doing It Again, 2019 Las Vegas Residency Rumored with MGM Resorts  Extreme FOBT Max Bet Reduction Not So Bad, Says Study, But Betting Industry Still Balks  Macau VIP Gambling to Slow in Second Half of 2018, Bernstein Analysts Predict