State Senator Michael Hastings (D-Orland Hills) joined 31 other senators in a bipartisan effort to expand gambling in the state.
“This expansion will help to ensure Illinois dollars are being spent in Illinois,” Hastings said. “A new casino in the south suburbs will generate new revenue for infrastructure projects and create hundreds of new jobs in the Southland area.”
Senate Bill 1739
Chicago Casino
• 4,000 positions: land- or water-based and at airports
• Run by a licensed operator subject to management contract
Ethics
• New Executive Inspector General for Gaming
• Gaming Board oversight of Chicago casino is equal to all other gaming facilities
• Political contribution ban for gaming licensees
Slots at race tracks
• 1,200 positions in Cook County/ 900 for non-Cook
• Racinos must be licensed by Gaming Board
4 new riverboats/casinos
• Rockford
• Danville
• South suburbs: either Bloom, Bremen, Calumet, Rich, Thornton or Worth Township
• Lake County: either Park City, Waukegan or North Chicago
Tax rate reduction
• Separate tax rate for slots vs. table games
• New tax rates take effect in the fiscal year following the opening of the Chicago casino, but not before July 1, 2015
Distribution of Revenues
• Upfront license fees to fund increased headcount at the Gaming Board, remainder to old bills
• Local shares to host communities
• A portion of the tax revenue will go to various funds for example a small portion will go to the State Fairgrounds Capitol Improvement fund as well as DHS will get revenues to pay for compulsive gambling treatment
The remaining tax revenues will go to the Education Assistance Fund
