For video gaming, the IGB approved licenses for: 92 video gaming locations. August 3, 2021. Within the capital measure to fund vertical projects, which include buildings, such as schools and recreational facilities, $150 million would come from an increase in video gaming terminal taxes. Accel is proud to provide the best slot machines and redemption terminals in the video gaming industry. The Illinois Gaming Act is. Learn more about the Illinois video gaming market and how Accel Entertainment can help your Illinois establishment profit through slot machines. 17, allows non-home-rule municipalities to impose an annual fee of $250 per video gaming. PSICs are required to undergo additional vetting by the gaming board, including criminal. The tax on gaming establishment revenue has gone up from 30% to 33%. Of the remaining 66% of NTI, a company called Light &. "I can think of no industry where, by law, a business is forced to give up 50. The performance in total and by sector is shown in the following chart. (a) Declaration of Purpose. Illinois Compiled Statutes Table of Contents. The gaming board designates sales agents as PSICs when they have revenue-sharing agreements with operators. Under state law, establishments and terminal operators must equally split 67 percent of a machine’s profits, while the remaining one-third goes to state and local taxes. According to new figures from the Illinois Gaming Board, net terminal income — the amount of money put in minus the amount paid out — amounted to $2. 9 The quiet engine of Illinois gaming revenue, video gaming terminals (VGTs), also sputtered out of the gate to start the new year in comparison to the close of 2021. In Illinois, video gaming terminals are king. The State receives 29% of the NTI generated from each licensed VGT (of that, 5% goes to the local municipality). Illinois Gaming Board (IGB) is a gaming board in Illinois that controls the state's gaming industry. Once the Video Gaming Alteration permit process is completed, you will receive a Certificate of Gaming Alteration Completion. The Illinois Gaming Board will assure video gaming terminals are located appropriately within the The Illinois Lottery will be granted a master license that will allow lottery sports betting terminals in 2,500 retail locations in the first year and 2,500 in the second year across the state. Definitions. 5% of net revenue from each gaming terminal in the city. It increased the number of permitted video gaming terminals (VGTs) in one non-casino venue from five to six. Your license will be issued when you are found suitable and the annual license fee is received. costing legal sites $44. Nearly two years later, with no ruling yet, he’s still in business. A Video Gaming Terminal shall be sufficiently robust to resist forced entry. 1. (230 ILCS 40/15) Sec. The initial Supplier’s licence is now valid for a period of four (4) years. By the end of 2022, 45,008 terminals were in operation across Illinois. Your terminal operator cannot pay you more than this amount. 57435% of Illinois gaming revenue while Light & Wonder will earn exactly 0. "In-location bonus jackpot" means one or more video gaming terminals at a single licensed establishment that allows for wagers placed on such video gaming terminals to contribute to a cumulative maximum jackpot of up to $10,000. In terms of sports betting taxes, Illinois ranked third in June with $8. Payments must be made payable to the “Illinois Gaming Board” and sent to the following address: Illinois Gaming Board 801 South Seventh Street Suite 400 – South Springfield, Illinois 62703 Attn: Revenue Accounting. Accel Entertainment provides the latest slot machines in the Illinois video gaming industry and will optimize machine selection for maximum revenue. Illinois legalized the use of VGTs in certain non-casino establishments in 2009 (“The Video Gaming Act, 230 ILCS 40” 2009), but has had legal casino gambling in the form of riverboat casinos since 1991 (Dudzinski 2017). At Stake. 5% for all VGTs at retailers, the lowest report win% every for Illinois. Video Gaming Application Fee: $500. Video Gaming License Fee: $1000. Stay informed and updated on the state of gaming in Illinois. There are more than 10,800 slot machines in Illinois casinos, ranging from 1-cent to $100 per play. The Video Gaming Act has outlined revenue distribution in this way: Net Terminal Income (NTI) is defined as the money put into a VGT minus the credits paid to. Illinois gambling operators who own and manage video gaming terminals in restaurants and bars are suing the state over what they believe are unfounded. Once the Video Gaming Alteration permit process is completed, you will receive a Certificate of Gaming Alteration Completion. 49 billion in the 12-month period ending in April. In 2021, the state agency proposed stripping the lucrative video gaming license held by Frank Cortese’s company. Learn how they work, where to find them and how they bring the state revenue. The figure, published by the Illinois Gaming Board, represents a 14. To compile 23 estimated projections for each applicant, the Task. CHAPTER IV: ILLINOIS GAMING BOARD. The Video Gaming Act has outlined revenue distribution in this way: Net Terminal Income (NTI) is defined as the money put into a VGT minus the credits paid to the player. 00 for each video gaming terminal per license year shall be paid to the city treasurer, and that amount shall be divided with $250. November 5, 2020. The state of Illinois is seeing a shift in gaming revenues as more licensed gaming establishments add video gaming terminals (VGTs) to their locations and casinos lose their relative market dominance. The law, effective Dec. @loganjaffe. 4 million, which is currently the high-water mark for the year. This legislation was passed to increase tax revenues from gambling in a market that had seen decreases in revenues and admissions over the past 8 years. What follows is a repost of the notes by our friends at Fox Rothschild in their “At Stake” Newsletter. 5 million in tax revenue from I-Gaming alone, bringing the total to nearly $150 million year-to-date. Compared to April 2021 ($201,386,057), retail slot revenue increased by 8. 3%, the decline in video gaming tax revenue was not as severe at -27. 8 million. TruckStop@illinois. In the first year of implementation, in which revenues would only be received for the period of August-November, Cook County estimates total revenue of. 230 ILCS 40/25. Monthly player win% at Illinois VGTs, 2012-2022 [Illinois Slots Return-To-Player] In April 2022, the statewide average player win percentage was 91. "Distributor" means an individual, partnership, corporation, or limited liability company licensed under this Act to buy, sell, lease, or distribute video gaming terminals or major components or parts of video gaming terminals to orGaming Act [230 ILCS 40/78 (a) (3)], which provides that the Illinois Gaming Board (Board) shall “[a]dopt rules for the purpose of administering the provisions of this Act. After an unexpectedly soft start to the year, revenue generated by casinos and video gaming terminals across Illinois bounced back slightly in February, but still fell short of late 2021 numbers, according to figures released by the Illinois Gaming Board. 6. J&J Gaming is the most-trusted terminal operator and has the team to support you with minimal downtime and a quick transition. terminals or video gaming terminals, in Illinois, Louisiana, Montana, Nevada, Oregon, Pennsylvania, South Dakota and West Virginia. "In-location bonus jackpot" means one or more video gaming terminals at a single licensed establishment that allows for wagers placed on such video gaming terminals to contribute to a cumulative maximum jackpot of up to $10,000. While video gaming’s total net terminal income levels were down 32. 240 billion. FAQ for the Cook County Video Gaming Ordinance, Secs. 19 predict overall total gross terminal revenue from 20 gaming in Pennsylvania. 0 percent Lottery (sales): + 31. 4 percent Pari-mutuel (purses): - 14. 17, allows non-home-rule municipalities to impose an. 087 of the Ohio Revised Code . 15. This. Keweenaw Bay provides 8 percent in revenue sharing to Michigan Economic Development Corporation (MEDC) and Strategic Fund (MSF) while Hannahville remints 2-7 percent to the MEDC and MSF. (a) Declaration of Purpose. 00 paid by the video gaming terminal operator and $250. However, municipalities’ cut was 5% then and remains 5% now. 450 Restriction on Multiple Licenses [NEW] a) A licensed terminal handler, licensed technician, or sales agent and broker. Video gaming currently represents about 41% of wagering revenue, while lottery makes up nearly 44%. tax payable monthly in arrears, with an additional 2% tax on revenue generated (online/mobile or otherwise) in the city of Chicago. Director means the director of the Department of Revenue. 25, 2009) Page 1 of 4 Illinois Municipal League QUESTIONS AND ANSWERS ON THE NEW VIDEO GAMING ACT The Video Gaming Act, enacted on July 13, 2009, legalizes the use of video gaming terminals in specific land locations in Illinois. No license may issue where the license applicant owes a debt, fine, fee or penalty to the village. 312-898-2501. . 38, [email protected] Gaming Board Seeks $5 Million Fine Against Major Video Gambling Company Accel Entertainment. The splits of revenue between the Terminal Operator and Location will remain. Video gaming terminals, for example, have nearly doubled from $395 million in revenue during 2019 to $762 million in. 2 billion for 2021. 0:05. Taxation & Tribal Revenue Sharing COMMERCIAL GAMING Gaming Tax Rate: Under Rule 6. 2% of the total. Even during 2020, when the world took a pause, VGTs continued to bring in millions of dollars. 7 million generated in March. The Illinois Gaming Board has filed a third disciplinary complaint against a Chicago businessman from Highland, the latest development in its six-year effort to revoke his license to operate video-gambling machines. The remaining 70. Video gaming terminals must be located in an area restricted to persons over 21 years of age, with entrance to the area within view of at least one employee over 21 years of age. From there, it would depend on how much the revenue is taxed. Share on twitter. Everything you need to know about video gaming terminals in Illinois. 5 billion in net terminal income from VGT play resulted in more than $717. The Board controls a regulatory and tax collection for video gaming and riverboat casinos. 7 million generated in March. 7% in FY 2020 to $1. A fee of $500. A copy of valid Illinois Liquor License. tribes have asserted that they do not have to continue with revenue sharing, because a state lottery with VLTs is operating “casino games. 1 VGT background. 28-1. , brought in $451,000 in net revenue in 2018, and it's expected to bring in $456,000 in 2019. 8% drop from April’s total of $122. The Illinois Gaming Board submitted this report to the General Assembly on March 30, 2023 that detailed the effect of removing non-cashable vouchers, coupons, and electronic promotions from the AGR calculation on net gaming revenues to the State in calendar years 2020 through 2022, the increase or reduction in wagerers as a result of removing non. There are some 44,000 VGT units in about 8,200 locations in Illinois. (The completed affidavit must be emailed to IGB. five additional video gaming terminals, and the opportunity for existing casinos to move to land-based. 1 day ago · iGaming Revenue for October 2023 Reaches Almost $155 Million. Signal: 312-363-7331. impact of each of the above operations, however, is . The push tax on gaming machines is expected to generate an additional $1 million revenue for the Village of Oak Lawn. With top notch gaming terminals and the latest and greatest slot games, there’s no. Only New York did better with more than $139 million. A manufacturer may only sell video gaming terminals for use in Illinois to persons having a valid distributor's license. The world’s best companies produce such software for games, and it is far from being as simple as they were in the past. Cook County estimates that video gaming in unincorporated areas will generate up to $781,000 in annual revenue for the County by 2022. Taxation & Tribal Revenue Sharing COMMERCIAL GAMING Gaming Tax Rate: According to the operators’ contracts and state regulation, video lottery is taxed in the following manner: • At Twin River, revenues taken are 71. A person may not sell, distribute, or lease or market a video gaming terminal in Illinois unless the person has a valid distributor's license issued under this Act. Revenues received from the operator license fees and the 3 percent tax on gross proceeds of charitable games are deposited into the Illinois Gaming Law Enforcement (IGLE) Fund. Accel is reaffirming 2022 location, gaming terminals, revenue, and Adjusted EBITDA guidance. According to the state of Illinois, VIP Lounge paid $488,764 to the state and $84,269 to the city of Peoria during a. And as gambling continues to expand across Illinois, that saying increasingly extends to state government coffers as revenue from the lottery, casinos, video gaming,. Video gaming terminals must be located in an area restricted to persons over 21 years of age, with entrance to the area within view of at least one employee over 21 years of age. Luis Arroyo, a Chicago Democrat, leaves the Dirksen U. In 2019, players wagered over $17 billion on Illinois VGTs and won just over $15 billion. The rate increased to 33% of a VGT’s net income and will go to 34% on July 1, 2020. 00) Reduced for FY2021 as part of Covid-19 Relief. 34% increase over October 2022’s earnings of $124,507,915. The Village of Schaumburg will contact the establishment and set up an appointment. 07435% to the establishment and 33. ”. 93 billion in net terminal income. C. Offerings First Column. Company with an independent and comprehensive video lottery terminal (“VLT”) gaming market and economic impact study of the potential gross gaming revenue (“GGR”) opportunity that would result if VLT’s were legalized in the state of Missouri. Since 2012, Gold Rush is one of the most respected and sought out Terminal Operators in Illinois. Administrator Fruchter announced that there are approximately 42,047 video gaming terminals (“VGTs”). By Donna B. illinois. 6. 1. UPDATE (2/4 12:30 pm ET) – The Illinois Gaming Board met in closed session Thursday morning to discuss the Hard Rock Rockford casino proposal. 6 percent due to the state increasing taxes on VGT net income. A manufacturer may only sell video gaming terminals for use in Illinois to persons having a valid. As of July 2020, the tax on video gaming revenue is. There were 745,546. 3. premise that VGT gaming cannibalizes local market revenue from casinos. Here are some of the biggest changes set to come. Downers Grove Sets November 2024 Vote On Video Gaming Terminals. In FY 2019, video gaming machines generated $1. Internal Revenue Service District where federal tax filings will occur. 9 million as the venues were helped by an increase of nearly 3% in attendance to. 8 million established in April. 7% lower than October’s $109. In the first year of implementation, in which revenues would only be received for the period of August-November, Cook County estimates total revenue of $260,000. One of the provisions of. Terminal Handlers are able to access the logic door and other internal mechanisms of the Video Gaming Terminal without the physical presence of a Board agent. ”. 1040 Transportation of Video Gaming Terminals Between Locations in the State . For purposes of this Part the following terms shall have the following meanings: "Act": The Illinois Gambling Act [230 ILCS 10]. The first machines began operating in September 2012 but the industry did not reach the half-way point of development until late in 2013. provided any contractual relationship shall not include any transfer. 7 million in tax receipts for the state compared to the $1. By the end of FY 2021, over 40,000 video gaming terminals were in operation across. The Illinois Gaming Board reported $116. org. This was a 24. As a result, the total tax revenue for the month was $21 million. 5 Billion in Revenue Over the Past Year October 20, 2023 New data from the Illinois Gaming Board show that casino revenue. Licensed locations generate over $72,000* in additional revenue each year, on average! Plus, video gaming adds an additional amenity to your patrons! *igb. Gambling revenues in Illinois during the last fiscal year hit an all-time high for the state, according to the latest data, with almost $1. Maximum wagers are increased from $2 to $4, and the maximum jackpot (excluding the progressive $10,000 bonus) is increased from $500 to $1,199 (to avoid W2G issuance). 6 million in net terminal income in 2019. In October, Pekin officials approved an update to the city code, assessing a fee of 2. 15% to the venue and terminal operators; • 29% to the state; • 5% to the municipality or county where the video gaming terminal is located; and, • 0. 2 million handle, resulting in a 3. The Illinois Gaming Board is the state regulatory and law enforcement agency that regulates all aspects of casino gambling, video gaming, and sports. Section 3000. That’s 54. Attention: Georgia, Indiana. the village received $307,032 in gaming revenue, but proceeds dropped to $185,842 last year as a. , a gaming terminal operator embroiled in an Illinois civil lawsuit filed by the Stella’s and Shelby’s chain of. 5%, the state of Illinois earns 29%, the local municipality. 28-1. A video gambling operator has agreed to pay $75,000 to the Illinois Gaming Board as part of a settlement approved Wednesday that will end a bid to revoke his license over allegations he offered a. A person may not be licensed as a manufacturer of a video gaming terminal in Illinois unless the person has a valid manufacturer's license issued under this Act. The video gaming terminal operator is a person who operates video gaming terminals, such as slot machines and video poker, for a business. The Illinois Gaming Board will assure video gaming terminals are located appropriately within theLicenses authorizes revenue-sharing with local municipalities. The Illinois Senate passed the gaming expansion bill June 2, 2019, and sent the legislation to the governor’s desk. It soared beyond 13% in mid-November, when Gov. We are the largest buyer of video gaming terminals in Illinois. More than $1. 6 million in revenue this year from video gaming terminals in Oak Lawn. ”. 71 billion in 2022, a 9. Most notably, it authorized Illinois sports betting, the addition of six land-based casinos in the state (including a major site in Chicago) and an increase in the number of video gaming terminals. 6% compared to the $1. Of the remaining 66% of NTI, a company called Light & Wonder. According to the Illinois Gaming Act, a Illinois video gaming terminal operator provides and maintains video gaming machines for licensed locations. 1 million in 2022 from $891. Circa Sports Illinois has received its license to operate in the state, marking a significant milestone in the eagerly awaited launch of legal sports betting in Prairie State. and an increase in the number of video gaming. )State and local governments took $455. 85% to the Illinois Gaming Board Video gaming revenues have proven critical for local communities to be able toThe new gaming law slightly raised taxes on gross video gaming revenue to 33% this fiscal year and 34% starting this summer, still well below several other states that tax video gaming profits at. BB2 / XD. Q3 2022 Illinois revenue per location per day increased 3% when compared to Q3 2021. Gaming Administrative. 7% from the previous high, set in 2019, when the Prairie State generated $1. 00 per terminal. 1 General. 9 billion going into its coffers. As of September 2023, there were 15 casinos operating in Illinois. The figure represented a 4. Licenses for the operation of at most five VGTs can be given to retail establishments that serve. 5% of all AGR, and more than 62% of all slot revenue. If an entity that has been doing business in Illinois for 48 months prior to July 13, 2009 forms a subsidiary to conduct its video gaming business in Illinois (and would therefore be the Applicant for licensure), would that subsidiary meet the residency requirement (i. Rule 350 was approved by the Illinois Joint Committee on Administrative Rules (JCAR) at its February 17 th, 2021. 5 billion. 28, 2020. Illinois ‘ 11 casinos closed 2021 with a flourish as the state’s gaming board reported revenue totaling $109. While we can’t say exactly how much of an increase in revenue a Missouri establishment will experience by installing video gaming machines, we can reasonably compare it to the Illinois video gaming market. This 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. By the end of FY 2021, over 40,000 video gaming terminals were in operation across Illinois—up from just 32,000 in June 2019. Revenues from the machines more than doubled from 2013. Business was good for everyone but Illinois race tracks. Attributed interest means a direct. (b) Distributor. There are also various provisions relating to sharing data with the leagues,. In Pennsylvania, operators. In the casino industry, they are known as “revenue sharing” or only “playing games. 6. 25-5. Q3 2022 Illinois revenue per location per day increased 3% when compared to Q3 2021. Since 1929, our customers and our team members have. Illinois Gaming Board - Video Reports. A manufacturer may only sell video gaming terminals for use in Illinois to persons having a valid distributor's license. The Illinois Gaming Board convened for a Regular Meeting on Thursday, January 27, 2022 at 9:00 A. PDF | In 2012, Illinois passed legislation allowing video gaming terminals (VGTs) outside of casinos. Logan Jaffe is a reporter for newsletters at ProPublica. Show Answer. 1 million in table and electronic gaming revenue in July, the highest total of the year to date. 4 million for the month of December, as the gaming discipline generated $290 million in state tax revenue for the 2022 calendar year. , the third largest video gaming terminal operator in Illinois, announced today a settlement. Revenue Share Establishment Revenue Share - Video Gaming The 35% share of net terminal income due to establishments. Video Gaming License Fee ($ 500. The experts at Universal Gaming Group explain how and how it will affect your video gaming business. Cook County estimates that video gaming in unincorporated areas will generate up to $781,000 in annual revenue for the County by 2022. Not a single piece of hardware will work without a “soul” – software. including as a result the suspensions of all video gaming terminal operations by the Illinois Gaming Board. Licensed Establishments Linked to Terminal Operators. (720 ILCS 5/28-1. provided any contractual relationship shall not include any transfer. Casino revenue is down just 0. 6%, $415 million, increase since FY2018. e. 5. Watch the latest video reports from the Illinois Gaming Board, covering topics such as casino operations, video gaming revenue, sports wagering and more. video gaming terminals at bars and restaurants brought in. Report authors estimated that Illinois online casino gaming could have generated anywhere between $622. 08 billion in September,. 8513% of the profits go to the Central Communications Service. March represented a new single-month revenue record with a revenue of $5. The revenue figure is a 15. Revised January 23, 2019. Currently, two out of three slot machines in Illinois are. S. Given the bills we’ve seen, proposed tax rates are somewhere in the. 35. From this link, you can find monthly video gaming revenue reports broken down by municipality or individual location, as well as statewide. 54-424 et seq. Be it enacted by the People of the State of Illinois, 3: represented in the General Assembly: 4 Section 5. Illinois video gaming terminals generated nearly $2 billion in revenue in the fiscal year that ended June 30. This comprehensive BB2E™ suite (Game Suite 5) features 13 exciting games from the Scientific Games library! Players love the selection of games ranging from Black Knight, Jackpot Block Party, Bier Haus™ to Deuces Wild Poker, and Double Double Bonus Poker! *Only Available for Sale to Licensed Terminal Operators in Illinois. - 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. The licensed establishment will collect 32. 160 North LaSalle ♠ Suite 300 ♣ Chicago, Illinois 60601 ♥ tel 312/814- 4700 ♦ fax 312/814-4602. 9% increase from the $105. Casino revenue excluding sports wagering at the state’s 11 venues totaled $93. Illinois casino revenue down $200m since 2012, as Chicago bets on casino. 00 paid by the video gaming terminal establishment, beginning March 1 and ending February 28, 2020, and annually thereafter. , April 21, 2021 /PRNewswire/ -- Gold Rush Amusements, Inc. State of Illinois 2021 and 2022 HB2656 Introduced 2/19/2021, by Rep. "Board" means the Illinois Gaming Board. For questions regarding floor plan requirements or the building permit process, please contact Community Development at (847) 923-4420. We’re part of the Delaware North family, a global leader in hospitality that prides itself on successful partnerships. Over $493 million of tax dollars has already gone to the state in. 2. 3 million generated in January and February combined across the state’s 11 venues. According to the Illinois Gaming Board, total revenue from Tier 1 college sports wagering totaled $33. 888-862-2235 (Sales) 888-972-2235 (24/7 Service) Offerings. 4 million for April, a 15. 9 million. As the COVID-19 outlook continues to improve in Illinois, several video gaming terminals (VGTs) throughout the state can resume operations. 7% to $872 million. Casino revenues in Illinois peaked at $1. For the examination of video gaming machines and associated equipment as required by this Section, the. 25, 2009) Page 1 of 4 Illinois Municipal League QUESTIONS AND ANSWERS ON THE NEW VIDEO GAMING ACT The Video Gaming Act, enacted on July 13, 2009, legalizes the use of video gaming terminals in specific land locations in Illinois. gov. With 650+ locations statewide, we offer elite quality when it comes to our games and work together to provide our clients and players with the best service around. Under the existing law, the in-person registration. Learn more about the Illinois video gaming market and how Accel Entertainment can help your Illinois establishment profit through slot machines. . Revenue sharing; Local Government Video Gaming Distributive. 3%, the decline in video gaming tax revenue was not as severe at -27. GEM (Gaming & Entertainment Management) is among the largest video gaming terminal operators in Illinois. Lottery revenue increased 4. Supplier License: Gaming vendors are required to pay a $15,000 license fee every three years. The new law has effectively codified the supremacy of the state of Illinois over all video gaming [email protected] billion in net terminal income, a 58. Your license will be issued when you are found suitable and the annual license fee is received. Illinois casinos brought in more than $30 million in tax revenue during the month of May, slightly up from $29 million from May 2022. The state received $21 million in tax receipts from casino gaming in April and has collected more. 00 per terminal). In September, these VGTs generated a Net Terminal Income (NTI) of over $236 million resulting in over $80 million of tax revenue, with the state’s share being approximately $68 million and the location municipalities receiving approximately $11 million. 21 Apr, 2021, 14:18 ET. An employee of a Terminal Operator who is NOT an owner, nor shares in the revenue of the Terminal Operator in any manner, may own a bar and that bar may participate in. 7 million. In fiscal year 2019, Illinois’ 32,000 video gaming terminals yielded nearly $1. 00 paid by the video gaming terminal establishment, beginning March 1 and ending February 28, 2020, and annually thereafter. BELLEVILLE — 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. The state received $21 million in tax receipts from casino gaming in April and has collected more. Recognizing the close relationship between professional gambling and other organized crime, it is declared to be the policy of the legislature to restrain persons from engaging in the business of gambling for profit in this State. 100 Definitions. GEM operates nearly 1,800 VGTs at 438 sites – strategic, high-traffic locations such as bars, restaurants, convenience stores, truck stops, bowling. Accordingly, the Village Board will review a proposed ordinance that could remove the. Limit of six terminals per establishment. 7%. The State receives 29% of the NTI generated from each licensed VGT (of that, 5% goes to the local municipality). Limit of six terminals per establishment. Logan. As of July 2020, the tax on video gaming revenue is 34%, with 5% set aside for. 28-1. 2 Video Gaming Terminal and Player Safety . 15. The gaming board designates sales agents as PSICs when they have revenue-sharing agreements with operators. After several years of delays, the first video gaming terminals in Illinois popped up in the second half of 2012. The Illinois Gaming Board has released new data that reflects casino revenue trends throughout the past decade, according to a local report in The Center Square. gaming facility. The Illinois Gaming Board (IGB) reported casino revenue totaling $114. 49 terminal handlers and one technician. Illinois Policy confirmed that “ [VGTs] have nearly doubled from $395 million in revenue during 2019 to $762 million in 2022. According to his report, the state has received approximately $7. A manufacturer may only sell video gaming terminals for use in Illinois to persons having a valid distributor's license. The next biggest gaming revenue in this five-year period was video gaming, which was legalized in July 2009 with P. You can easily find out revenue information on the Illinois Gaming Board website for your slot machine location, as well as the municipality and statewide data. 85 percent to 74 percent plus $384,996. The revenue figure is a 15. 3 million generated in January and February combined across the state’s 11 venues. 3% annual increase. Here is an update from our friends at Fox Rothschild for March 2021. The days are winding down to pass online casino legislation in Illinois this session. Net Terminal Income (NTI) is defined as all monies. (1) The licensing fee through December 31, 2021 shall be in the amount of $1,000 for each video gaming terminal. premise that VGT gaming cannibalizes local market revenue from casinos. The admissions tax was increased by the. 030, casino gaming is subject to a tax of 13 percent on the first $150m of net casino gaming receipts and 20 percent on net casino gaming receipts exceeding $150m. ” Even during 2020, when the world took. The law, effective Dec. The net terminal income of close to $195.