All EGDs must comply with the IGB Adopted Rules. The rate increased to 33% of a VGT’s net income and will go to 34% on July 1, 2020. (2) With respect to a corporation. 15 (5) The game commonly known as "bingo", when conducted : 16 in accordance with the Bingo License and Tax Act. 96-0034. Thanks to legalized sports gambling, U. A portion of the tax is returned to local governments. Video Gaming Terminal - $200. 0:04. CLAY JACKSON, HERALD & REVIEW While there are 10 casinos in Illinois, there are over 6000 non-casino establishments with VGTs spread all across the state, making VGT gambling much more accessible than slot machines in casinos, and Illinois an ideal case to study the tax burden of VGT gambling based on the sociodemographic characteristics of neighborhoods generating the most. HOW IS TAX REMITTED: Gambling Tax Return and Emblem Application will be provided by the Cook County Department of Revenue upon registration. Decided: December 11, 2015. 00 annually) must be visible and securely attached to every coin-operated amusement. 2 billion and $1. accordance with the Illinois Video Gaming Act, 230 ILCS 40/5, and Cook County Code of Ordinances, Sec. 801 South Seventh Street Suite 400 – South Springfield, Illinois 62703 217-524-0226 Website. In February 2022, the city took in $84,000 in tax revenue from all the machines within the city. 5% increase to $1. The Basics of the Illinois Slot Machine Industry. org. It generated $762 million in FY2022, a 119. Machine owners can repair their own machines without obtaining a repair license. Collections from video slot machines posted the biggest gains this year, rising 6. 8 billion in net terminal incomein FY 202 , a 3 7. Authorizes the adoption of emergency. ILLINOIS GAMING BOARD MINIMUM INTERNAL CONTROL STANDARDS TABLE OF CONTENTS . paid out by Accel violated the Illinois Gaming Act. If the trend continues, the year-end tax revenue total could top $180. While the new law has curtailed the ability of some municipalities to tax and license establishments, video gaming terminals, and terminal operators, it has allowed for non-home rule municipalities to increase per-VGT fees. The new rules will not affect the amount Peoria gets from taxes collected on video gaming. 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. EMBLEM DISPLAYED: Emblem must be affixed on the machine within 3 inches of Illinois Gaming Board (IGB) Registration Tag Number by August 1, 2013. Video gambling is taxed at a flat rate of 30 percent regardless of how much the industry makes. There is no way of telling that a game will spend out primarily based on the reel position. 2. 2% increasethe video gaming machine and the business where that machine is located to equally split the after-tax profits from operating the machine (id. February 24, 2021 TOC-3 . In 2022, gamblers wagered roughly $10. 4 million and $1. These days, many people come not to eat, but to gamble. According to the Illinois Gaming Board monthly report just through September, 2021, Galesburg’s 36 licensed video gaming centers have grossed over a $100,000,000. B. The Pritzker administration has said the video gaming tax change would generate $89 million. Visit our Site Contact Agency By GRANT MORGAN Capitol News Illinois gmorgan@captiolnewsillnois. Local Tax State Tax Establishment Share Terminal Operator Share; Before 7/1/19: 0. 120, par. 5m application fee, a $50m upfront license fee, and. For information on video gaming, visit the Illinois Gaming Board's website at 230 ILCS 40/1 et seq. Prepaid Wireless E911 Surcharge. info@ugaminggroup. 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. Although these tax revenues rebounded with a 9. Regular License. An ordinance amending chapter 74, taxation, article xviii, gambling. Legislation has been filed in both chambers of Illinois’. Illinois Policy confirmed that “ [VGTs] have nearly doubled from $395 million in revenue during 2019 to $762 million in 2022. gaming machines generated $1. No slot machines or coin-in-the-slot-operated. (KFVS) - An Illinois bill to expand gaming in the state has been approved. 7% in FY 2020 to $1. The bill contains a 12% privilege tax on profits, which would be deposited into the State Gaming Fund. revenue and taxes from these non-commercial casino . A recent Illinois Supreme Court decision will allow Cook County to collect about $3 million in unpaid taxes, as well as generate another $1 million in tax revenue annually from Midwest Gaming, owner and operator of Rivers Casino in Des Plaines. 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. Net Terminal Income (NTI) is defined as all monies. 3. 98-377, eff. In addition, the report provides an overview of the primary competition faced by casinos in each state and summarizes the year’s major gaming policy. From January 2012 to March 2019, state gaming board data shows, $77. In 2019, players wagered over $17 billion on Illinois VGTs and won just over $15 billion. Oak Lawn will impose a penny a push tax on users of video gaming machines beginning Jan. fective July 1, 2020, the City's Push ax Ordinance (the "Ordinance") became fective. Yes, video gaming terminals are king in Illinois. 6 billion was played on Illinois video gaming machines. 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. Illinois Coin Machine Operators estimate 15,000 liquor pouring estimate 15,000 liquor pouring establishments in Illinois. A copy of the most recent letter from the Internal Revenue Service stating that the Applicant organization is either a fraternal benefit society that is exempt from federal income tax under section 501(c)(8) of the Internal Revenue Code, a domestic fraternal society that is exempt from federal income tax under section 501(c)(10) of the Internal Revenue Code, or a veterans organization that is. 6%, $415 million, increase since FY2018. For the examination of video gaming machines and associated equipment as required by this Section, the Board shall utilize the services of independent outside testing laboratories that have been accredited in accordance with. An occupation tax permit ($60. The Oak Lawn village fined 13 VGT operators in late July for failing to submit forms required by the city’s. "Adjusted gross receipts": The gross receipts less winnings paid to wagerers. This produced $70 million in tax revenues to local governments (up. In FY 2019, video gaming machines generated $1. A local court has resolved the issue. Illinois Gaming Board - Video Reports. Attention: Georgia, Indiana. Louis will receive $2. Slot machine coin-in was chosen to best represent gaming demand. Board: the Illinois Gaming Board. Illinois online casinos will launch. % above the average daily. - 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. Video gaming machines in 2014 at Trattoria Peppino, the first restaurant in Elmwood Park to be issued a video gaming license. ”. See full list on ugaminggroup. doug. 00, annually. Illinois video gaming terminals generated nearly $2 billion in revenue in the fiscal year that ended June 30. The NTI for that period is $6. 8 billion was taxed of. Definitions. Beginning on July 1, 2019, an additional 3% tax will be imposed on a VGT’s net terminal income (for a total of 33%). Illinois’ tax. Gamblers lost nearly $15 million at the machines in Oak Lawn last year, according to Illinois Gaming Board records. 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. WHO MUST REGISTER? 1. But because of the sweet deal they negotiated with the state (as outlined above), going legit (i. Metropolitan Pier and Exposition Authority (MPEA) Food and Beverage Tax. The State receives 29% of the NTI generated from each licensed VGT (of that, 5% goes to the local municipality). e. staked, hazarded, bet, won, or lost, but does not include gambling devices exempted from the . locations—with the exception of Nevada, due to itsThese machines allow cash play but also include a "free play" mode. February 23, 2021, 12:01 pm ·. 312-898-2501. Report authors estimated that Illinois online casino gaming could have generated anywhere between $622. The net revenue (the profit after winnings distributed) is close to $8. 8. Signal: 312-363-7331. They would also require approval from the Illinois Gaming Board. - 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. ILLINOIS REGISTER PUBLICATION SCHEDULE FOR 2021 Issue# Rules Due Date Date of Issue 1 December 21, 2020 January 4, 2021 2 December 28, 2020 January 8, 2021A video gaming trade association has filed a legal challenge to Oak Lawn’s push tax, arguing that the first-of-its-kind tax on users of video slot and poker machines is unconstitutional, violates the Video Gaming Act and would be so costly and technologically complicated to implement as to make it impracticable. Prior to July 1, 2019, the tax imposed on licensees was 30%. 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. He’s licensed by the Illinois Gaming Board, and the government gets a cut. Apart from slot machines, the same applies to winnings from lottery, bingo, keno, poker or other games of chance. Video Gaming License Fee: $1000. (CCS) monitored by the Illinois Gaming Board (like an ATM machine). In addition, the board manages the tax collection of both riverboat casinos and video gaming establishments. All: The Board administers a regulatory and tax collection system for riverboat casino gambling and video gaming in Illinois. primary business. 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. The Push ax Ordinance imposes a one cent push tax for every "play" made on a video gaming terminal located within the . Licenses for the operation of at most five VGTs can be given to retail establishments that serve. (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%. The number of video gaming terminals increased to 43,000 by the end of state fiscal year 2022. Rick Heidner, who owns Gold Rush Gaming, the third largest video gambling machine operator in Illinois, said the tax would significantly tear into the industry's 5% profit margin. Record lottery sales helped boost Illinois gaming tax revenue to $1. th. That means around $3,000,000 is. This amount is cumulative over the course of the year. more than $1. 95%. The Illinois gaming machine industry is continually on the rise throughout the state. other locations at which gaming is incidental to the . Optional reporting method for bingo, keno, and slot machine winnings. S. 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. 8 billion in net terminal incomein FY 202 , a 3 7. 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. 888-862-2235. According to Market Watch “the global Video Gaming Terminals (VGT) market reached a value of USD $845. 240 billion. New Illinois law legalizing video gaming machine gambling gets mixed local reaction. 1. Gaming Equipment: A machine, mechanism, device or implement which effects the result of a Game by. “You’ve got about. However, delays related to the license application process and a central computer system to monitor the video gaming machines pushed back implementation until 2012. 5 billion in taxes since the first video gambling machines went live in. C. Cook county still has by far the most video gaming terminals of any county in the. So, if the amount won on a slot machine is higher than $1200, the casino is required to report it. J. Oak Lawn imposed a new per-play local tax on slot machines,. The Illinois Gaming Board will send notice if the Applicant is found suitable for licensing. The Video Gaming Act (230 ILCS 40) is available online on the Illinois General Assembly website. 00. Sales & Use Taxes. venues, tribal gaming locations as defined by the . One spin every six seconds. This could bring the total number of video gaming machines in the state to more than 7,000. A report produced by one of the game providers the IGB recognizes, Accel Entertainment, says that VGT operators in IL generated over $145. Local Taxes Municipalities and counties may impose a tax on coin-operated amusement devices, which the Department of Revenue does not collect. 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. Want to use your mobile device to give? Text DCIGIVE to 77977. First and foremost, you need to get a game type which you like. Illinois Gaming Board - Video Reports. 00 per terminal. GIVE. There were an. 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 casinos. As the premier slot machine provider, Universal Gaming Group. 5%, the state of Illinois earns 29%, the local municipality. 28-1) Sec. Additionally, beginning on. The County estimates annual operating costs between $190,000 to $230,000 which will increase with inflation and will beIllinois business tax authorization. A portion of the tax is returned to local governments where the tax was collected. ”1. 230 ILCS 10/13. An additional pari-mutuel tax will be imposed on licensees at Illinois race tracks utilizing electronic gaming whose daily pari-mutuel handle increases from 2011 levels. The new Video Gaming Act is codified at. ”. Sorosky, told the jury his client James Weiss, paid “legitimate consulting payments” exceeding. The Illinois gaming machine industry is continually on the rise throughout the state. Should online casino gaming pass, it wouldn’t be surprising if the tax rate is ultimately negotiated higher. 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. There is a 15% tax rate if you earn $600 or more betting on sports in Illinois. This rate is notably low. 8% tax to the state and 23. Video gaming machines generated over $2. 9 percent on 2016. 95%. More and William Bogot. East St. 7 million generated in March. Post 99 Friday afternoon. The Chicago casino is allowed twice as many gaming positions as any other in Illinois. Floor . Illinois is one of nine states that have a flat tax rate for income earners for 2022. 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. ∗ 5/6. Published: Sep 15, 2021 at 10:18 am. Any electronic video game machine licensed and/or authorized under the State of Illinois Video Gaming Act, that upon insertion of cash, electronic cards or. A. 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. Illinois Gaming Machine Operators Association is a trade / professional association or chamber of commerce in Morris, IL whose mission is: Meetings and Updating Members. A. 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 the machines, and the establishments where the. finke@sj-r. 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. Metro-East Park and Recreation District Tax. The 81-year-old widower estimates that, at his worst, in 2015 and 2016, he spent about $2,400 a week on video slot machines, which he played at a hotel and a handful of restaurants and bars around his hometown of Maroa, a farming community of close to. PEKIN — Tazewell County Circuit Court Judge Paul E. JB. 00 Video Gaming Supplier: $2,000. Each casino must pay an admission tax and gaming privilege tax (see paragraph (D) below). At Crehan’s Irish Pub and Banquet Center in Belleville, the five video gaming terminals brought in more than $196,000 in net income in 2018. While many view video gambling as a license to print money, many owners of the location where these games are played are not pleased with a proposed $1,000-per-machine tax beingAs we recently highlighted, the coalition opposes a tax increase on video gambling machines, saying the industry has paid $1. Illinois casino revenue down $200M since 2012, as Chicago bets on casino. 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. 3% to 770,693. S. These activities can include slot machine gaming, betting on sports, horse racing, lottery tickets, and more. This 230 ILCS 40/1 et seq. Watch the latest video reports from the Illinois Gaming Board, covering topics such as casino operations, video gaming revenue, sports wagering and more. The bill’s primary sponsor, state Rep. Municipal Motor Fuel Tax. The Gambling Machine Tax must be remitted by terminal operators for each machine they own that will be operated in an establishment in unincorporated Cook County. 7 million a year in. Book Your Consultation…. 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. By law, gambling winners must report all of their winnings on their federal income tax returns. Cook County now allows establishments licensed to sell alcohol for on-site consumption to install up to six video gaming termi…C. The Illinois Lottery represents the largest. Illinois is home to 14 live poker rooms. 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. An ordinance amending chapter 74, taxation, article xviii, gambling. 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. 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. is required to file an Illinois tax return during the taxable year. existing in Illinois is dramatically increasing. Overview of the Bill (A) Amendments to the Illinois Gambling Act (IGA) Gaming privilege tax rates for a Chicago casino are restructured to make it financially feasible. The Illinois Gaming Board administers a regulatory and tax collection system for casino gambling, video gaming, and sports wagering in Illinois. Rep. In addition, the number of gaming positions at the Chicago casino and in Chicago airports may not exceed a combined total of 4,000 gaming positions. 593 billion in net terminal income. The Illinois Register is the property of the State of Illinois, granted by the authority of the Illinois Administrative Procedure Act [5 ILCS 100/1-1, et seq. A repair license allows the holder to repair coin-operated amusement machines for others, and transport or store amusement machines in Texas. )), which legalized the use of video gaming machines, such as video poker, blackjack, and slots, as a form of gambling in certain locations. industry in Illinois, including video gaming terininal operators. 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. Floor . ¶ 11 Two months later, the circuit court granted the Illinois Gaming Machine Operators Association, a. No localIllinois Gaming Board. The number of machines in Illinois now exceeds 43,000. Illinois video gambling tax hike will be decided by lawmakers with financial ties to the industry As video gambling has grown in the state, so have the industry’s links to lawmakersMichael Gelatka, president of the Illinois Gaming Machine Operators Association, said they're "a blessing for most everybody. Video gambling is taxed at a flat rate of 30 percent regardless of how much the industry makes. The five-member board, appointed by the governor and confirmed by the Senate, administers a regulatory and tax collection system for casino gambling and sports betting. (1) knowingly plays a game of chance or skill for money or other thing of value, unless excepted in subsection (b) of this Section; (3) knowingly operates, keeps, owns, uses, purchases, exhibits, rents, sells, bargains for the sale or lease of, manufactures or distributes any. The agreement will be canceled if: 1. Effective August 23, 2005 the admissions tax was set at $2 a person for patrons of Casino Rock Island. W. Yet Illinois has failed to address the issue of gambling addiction in any meaningful way. The number of video gaming terminals increased to 43,000 by the end of state fiscal year 2022. In 2007, when casino revenue peaked at $1. , 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. B. The push tax assesses Illinois gamblers a penny each time they use one of the gaming machines. Share. Geo resource failed to load. There was nearly 10% less play in January, with. This guide details how Illinois gaming revenue is distributed among locations, terminal operators, state and municipalities and how video game terminals work. On June 5, 2018, the Cook County Board of Commissioners passed the Video Gaming Ordinance (“Ordinance”) to govern licensing of establishments that wish to have video gaming terminals in accordance with the Illinois Video Gaming Act, 230 ILCS 40/5, and Cook. This guide details: How Video Gaming Terminal (VGTs) work. 89 million in. By GRANT MORGAN Capitol News Illinois [email protected] - Support Main Street Illinois. The State collects license fees and video gaming taxes from video gaming terminals at locations throughout the state. The main reason is that it can help local businesses and generate additional tax revenue that can be used for local improvements. Effective June 1, 2013, a tax is imposed upon Gambling Devices and Video Gaming Terminals used in Cook County. The. The breakdown of revenue sharing in the Illinois video gaming market. 01 or more and 24% federal income tax on wins greater than $5,000. As. ¶ 11 Two months later, the circuit court granted the Illinois Gaming Machine Operators Association, a. Slots &. 7 million collected by Pennsylvania, Michigan, and New Jersey’s online casino operations through the first 11. 14, 2022, Gov. Illinois’ tax. Licenses and Fees. 8 million, according to the. Subtract gross sales from the total receipts to compute the amount of sales tax and surtax due. Pritzker supports and has already budgeted to bring in more than $200 million of new state revenue next fiscal year from licensed sports gambling. 3% of the casino’s AGR. In August 2021, the Illinois Gaming Board filed a complaint against FJC Technologies, LLC,. Video gaming started in September 2012 with 61 machines, producing about $27,000 in tax revenue. Oak Lawn officials said they believed the tax would help the village raise at least $500,000 per year in additional revenue. The new gaming opportunities are projected to increase the state’s annual gambling tax revenue by $350 million — and make Illinois something of a Midwest gambling mecca. Slot machines continue a 2023 hot streak. Separately, a state Appellate Court affirmed Cook County’s legal right to tax area. From that point forward, machines were added to 21 establishments with a total of 85 gaming terminals as $7,624,797 was put into machines in 2013. 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. Riverboat Gambling Authorized. Lucky Lincoln Gaming, which is owned by Jeff Rehberger Jr. ∗ Tax Rate is 30% of Net Terminal Income . 96-0034. Privilege Tax Changes Illinois currently levies a privilege tax on casino gaming at rates that vary with annual GGR volume. rd. See instructions. (230 ILCS 10/4) (from Ch. Municipalities with the machines brought home a share of $135. Tax returns filed pursuant to this Act shall not be confidential and shall be available for public. A report produced by one of the game providers the IGB recognizes, Accel. That’s according to data from the Illinois Gaming Board. So if you were to assume that everything stayed the same and just funds in resulted in more revenue you would need $7,514,462,207. 240 billion. The Illinois Gaming Machine Operators Association (IGMOA) is dedicated to the success of the Illinois video gaming industry. The Illinois Gaming Board reported a record monthly sports betting handle of $867. How a Terminal Operator assists in the process. 15. legal commercial casino gaming. • In July 2009, Public Act 960034 became law, legalizing video gaming in Illinois. 00, annually. 17, 2023 and will operate 24/7. 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. A recent Illinois Supreme Court decision will allow Cook County to collect about $3 million in unpaid taxes, as well as generate another $1 million in tax revenue annually from Midwest Gaming, owner and operator of Rivers Casino in Des Plaines. (Source: P. more than 43,000 machines exist in 8,000 licensed video gaming locations across the state. How a Terminal Operator assists in the process. Mount Zion had $18 million played on its 18 machines, and Warrensburg. For purposes of this Part the following terms shall have the following meanings: "Act": The Video Gaming Act [230 ILCS 40]. Note: When computing the. 1 VGT background. The highest rates are on Rhode Island at 51 percent, whereas in DC and Colorado it falls to 10 percent. Gambling. Pennsylvania, for instance, taxes 54% on online slot revenue and 16%. The State collects license fees and video gaming taxes from video gaming terminals at locations throughout the state. 95% in Illinois 6. At 30 percent, with 25 percent going to the state and 5 percent to local. The case for iGaming in Illinois. The State Hasn’t Bothered to Check. ]. 6-20-03. Illinois is one of nine states that have a flat tax rate for income earners for 2022. 58-161. ILLINOIS GAMING BOARD . After remitting the tax. In addition to the gaming taxes payable to the State, the Chicago casino (and no other casino) pays an additional privilege tax equal to 33. Video Gaming Application Fee: $500. Illinois’s tax revenue from gaming sources amounted to less than 5% of. Gaming Tax Forms. 10 Operating Tax Rates for Illinois Riverboats (FY 2013 – FY 2018) 15 11 Statistical Summary of the Midwestern Gaming States 17 12 AGR from Commercial Casino Gaming – Other Prominent Gaming States 22. Revenue Impacts to the City . The bill would hike the state’s 30%. Charitable Games Tax and License Fees. 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. Recommended Reading:"Board" means the Illinois Gaming Board. Chicago, Illinois 60601 . This privilege tax is : 25: the exclusive tax in relation to Internet gaming. (Source: P. 10 tax revenue from casinos and video gaming in illinois. 2 million in state. 6 million in net terminal income in 2019. The Video Gaming Act sets the tax rate on NTI at 34%, and mandates that all after-tax profits on NTI be shared equally between licensed locations and terminal operators. At first, 61 machines statewide generated $27,000 in tax revenue. o Additional City Privilege Tax. 8% to $814 million, the report said. Waukegan, Illinois 60085. Municipalities with the machines brought home a share of $135. A patron plays a video gaming machine at Coz’s Pizza in Mount Zion. .