Gambling insider says Illinois’ internet gambling legislation likely doomed (via The Center Square) – Some Democratic Illinois lawmakers are once again trying to legalize internet gambling, but a gambling insider is doubting their chances.
The bills, House Bill 3080 introduced by state Rep. Edgar González, Jr., D-Chicago, and Senate Bill 1963 introduced by state Sen. Cristina Castro, D-Elgin, are nearly identical to previous versions. This marks the third consecutive year that legislation has been proposed, with the latest version including a tax rate of 25% on adjusted iGaming revenue. Supporters of the iGaming bill claim Illinois could collect an additional $1 billion annually in taxes.
iGaming would offer a variety of gambling options, including online slots, table games and live dealer games. According to the American Gaming Association, eight states currently allow mobile gambling.
The Illinois Gaming Machine Operators Association is opposed to the idea, and Christopher Altruda, a writer and contributor to CasinoReports.com, said he is not surprised the Illinois Gaming Board is not on board as well.
“Taking on an expanded vertical like this as you’re still settling the expansion of what you had for brick-and-mortar casinos and online sports betting, it’s a very tall ask of this state agency,” said Altruda.
At over 40,000, Illinois has more video gaming machines outside of casinos than any other state. You can find them at bars, supermarkets and gas stations.
A spokesman for the Illinois Licensed Beverage Association recently told lawmakers that online gambling poses a risk to the hospitality industry, resulting in bars closing or laying off staff.
Altruda said the legislation is facing a tough road ahead.
“I think the video game terminals create a unique dynamic as it pertains to Illinois because they are so extensive throughout the state and the invested parties in terms of the bars and taverns made a very focused push on what would happen in terms of potential revenue cannibalization there as opposed to brick-and-mortar casino revenue,” said Altruda.
The two measures are currently stalled in committee.
Gambling insider says Illinois’ internet gambling legislation likely doomed
