Skip to main content

Chicago Mayor Lobbies Illinois Legislature Over State-City Owned Casino

Chicago Mayor Lori Lightfoot has reopened the debate on a law passed in late June this year. It authorizes the operation of a major casino by the state and city. Lightfoot is calling on lawmakers in Springfield, Illinois to grant the building of a private casino that will be run by the city of Chicago and the state of Illinois.

This request comes as the Chicago Mayor battles US$1.3 billion in city debt along with an US$838 million budget shortfall – the largest in the city’s recent history. A casino could bring in necessary revenue to buffer the shortfall. Additionally, a Chicago casino has been on the radar for years with previous mayors failing to make it a reality.

However, the dream seemed closer to reality last summer. Illinois Governor J.B. Pritzker signed a gambling expansion package that allowed a casino in Chicago, along with five smaller regional casinos in the Windy City’s southern suburbs.

Chicago Mayor Lori Lightfoot

The package was passed as part of a much larger capital plan that set aside billions for investment in infrastructure. It will mainly grow the gambling sector in Illinois, the number of video gambling machines, and legalize land-based and mobile sports betting.

However, legislators aren’t keen on revisiting a bill that’s taken so long to pass. A lawmaker who was influential in getting it passed reportedly told The Chicago Sun-Times that Lightfoot’s proposal risks “open[ing] the floodgates for everyone who has problems” with the proposed casino, resulting in “unnecessary drama”.

Chicago Mayor Proposes Relooking the Tax Structure

If a state-owned casino is off the table, Lightfoot proposed that the legislature must at least relook the tax structure of the proposed venture. This suggestion comes in light of the findings from a feasibility study from the Illinois Gaming Board and conducted by Union Gaming Analytics.

It found that under the current proposed tax structure, the project needs to be developed without incurring any debt. No right-minded private investor would finance it because it would be the most highly taxed casino in the USA.

The Chicago casino would pay an additional 33% “privilege tax” to pay for firefighter and police pensions. Add regular taxes and upfront fees, the total rate would be 72% on gross gaming revenue (GGR). Furthermore, with operating costs projected at 30%, it makes the casino unprofitable from the beginning.

Latest US casino news:

Related Posts

Claim 25 FREE Spins at Slots of Vegas on NEW Big Cat Links!

enjoy 25 free spins at slots of vegas casino on big cat links slot

Calling all jungle explorers and slot enthusiasts! Get ready to unleash your inner Indiana Jones and embark on a thrilling safari. Claim a roaring new offer of 25 FREE Spins at Slots of Vegas on the brand-new Big Cat Links slot! That’s right, Slots of Vegas is upping the ante with this exclusive bonus, giving […]

How Do I Pick a Winning Scratch Card?

How do I pick a winning scratch card?

There is a lot of money to be won if you could pick a winning scratch card every time you played. We can assist in improving your odds of winning by recommending some of the tips that have worked for other scratch card players. While we cannot guarantee that you will also win, there are […]

Is Cherry Gold Legit?


If you are wondering is Cherry Gold legit, we have the answer for you here. Yes, Cherry Gold is a legit casino operating online. We took a look at their privacy policy, terms, and conditions, as well as the software operator, to make sure that we gave a detailed report. Not to mention the days […]

GrandeMatch Bonus: Supercharge Your Play at Grande Vegas

enjoy the grandematch bonus at grande vegas casino

Are you a US player looking for a thrilling online casino experience with a generous welcome bonus? Look no further than Grande Vegas Casino and their massive GrandeMatch Bonus! This incredible offer provides a 250% match bonus up to a staggering $10,000 + 100 free spins, giving you the perfect boost to explore the casino’s […]

Game Special Offer Promotions at Golden Lion Casino

enjoy golden lion casino game special offer promotion

Our exclusive Game Special Offer Promotions are here to elevate your gaming experience to new heights at Golden Lion Casino. Brace yourselves, because a treasure trove of special offers awaits, ready to amplify your gaming experience and unleash a golden avalanche of winnings. Buckle up as we delve into the exciting world of GoldenLion’s Promotions. […]

Last Updated :