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Illinois faces strong debates over iGaming legalization
Illinois is debating the legalization of iGaming, a move that could potentially bring in $1 billion in annual tax revenue.
Casinos, video gambling terminal (VGT) operators, and labor groups strongly oppose the idea and warn about potential harm to existing land-based businesses. However, supporters argue that Illinois is already losing money to an unregulated offshore market.
State Rep. Edgar Gonzalez, a Democrat from Chicago commented:
“Illinois is gambling with its financial future by delaying the adoption of iGaming.”
FanDuel lobbyist James Hartmann supports the idea:
“Right now, you can take out your phone and in five minutes, be gambling real money slot machines from the app store, unregulated and untaxed.”
Opposition against iGaming legalization in Illinois
A study predicts casino tax revenue could drop by $252.5 million, and 4,733 jobs could be lost. Labor leaders also worry about funding cuts for infrastructure projects. “iGaming would cannibalize existing gaming jobs,” said Marc Poulos of the International Union of Operating Engineers.
There’s also concern about 24/7 access fueling gambling addiction. Ivan Fernandez from the Illinois Gaming Machine Operators Association warned that iGaming could lead to more excessive, isolated gambling.
The Illinois Gaming Board opposes the bill, saying it’s already struggling with regulations. Lawmakers didn’t vote on the proposal yet.
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