Legislative Report Has Found gambling is Showing a Slowdown in Illinois
A report from the Illinois Legislature said that despite there being growth in the video gambling sector, the industry was going through a slow-down in the state.
In the Commission on the Government’s Forecasting and Accountability annual review it was found that the state taxes for all the forms of gambling within Illinois fell by 5.8% in the fiscal year ending June 30.
The Springfield State, Journal-Register reported that the state revenues from the riverboat casinos and the lottery had fallen and that horse racing revenues were flat, although video gambling revenues had grown, it wasn’t sufficient to offset the other losses.
This slowdown happened while some of the state lawmakers were investigating the expansion of gambling as a method of erasing the state’s financial problems. However Tim Swoik the Illinois Casino Gaming Association executive director, says that he thinks the report has shown that Illinois is saturated.
