Illinois gaming terminal revenue sharing. 4 million, which is currently the high-water mark for the year. Illinois gaming terminal revenue sharing

 
4 million, which is currently the high-water mark for the yearIllinois gaming terminal revenue sharing  CONCLUSION 91

This was a 24. 6 million. As of September 2023, there were 15 casinos operating in Illinois. Courthouse in Chicago on Oct. With top notch gaming terminals and the latest and greatest slot games, there’s no. The push tax on gaming machines is expected to generate an additional $1 million revenue for the Village of Oak Lawn. The figure represented a 4. The days are winding down to pass online casino legislation in Illinois this session. 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. "Video gaming terminal": Any electronic video game machine that, upon insertion of cash, is available to play or simulate the play of a video game, including but not limited. Champaign has 57 gaming establishments in the jurisdiction. Illinois gaming law has changed for 2020. Casino revenue is down just 0. 35. A manufacturer may only sell video gaming terminals for use in Illinois to persons having a valid distributor's license. The splits of revenue between the Terminal Operator and Location will remain the. (David Allen/Patch) OAK LAWN, IL — The Illinois legislature passed a new. The Illinois Gaming Act is. (a) Declaration of Purpose. The General Assembly recognizes the promotion of public safety is an important consideration for sports leagues, teams, players, and fans at large. In Clinton, where 65 gaming terminals generated $157,702 in video gambling terminal tax revenue last year, video gambling made up about 25% of monthly revenue for Stone's End Bar & Grill, a. What follows is a repost of the notes by our friends at Fox Rothschild in their “At Stake” Newsletter. (3) negatively impact the purposes of the Video. Licensed Establishments Linked to Terminal Operators. Limit of six terminals per establishment. 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. 22 billion. 96-0034. i EXECUTIVE SUMMARY . Local Governments Video Gaming Statutory Reference 230 ILCS 40/1 et seq. CONCLUSION 91. 2 Be it enacted by the People of the State of Illinois, 3: represented in the General Assembly: 4 Section 5. S. Rutter’s opened its first location with video gaming in August at a location in York County. SPRINGFIELD — Even a pandemic-induced two-month shutdown could not stop the meteoric rise of the video gaming industry in Illinois, which posted a record $1. . "Board" means the Illinois Gaming Board. (b) Distributor. 49 billion in the 12-month period ending in April. The owner of the standalone video gambling establishment Lucky Day Gaming Café at 8400 26th St. Director means the director of the Department of Revenue. 8513% of the profits go to the Central Communications Service. Click. As the largest privately-owned Terminal Operator in Illinois, J&J Ventures takes pride in offering unparalleled gaming expertise. 0:57. 450 Restriction on Multiple Licenses [NEW] a) A licensed terminal handler, licensed technician, or sales agent and broker. The IGB consists of five Board Members appointed by the Governor and confirmed by the Senate. Questions about acquiring tax decals for amusement only devices should be directed to the Illinois Department of Revenue at (312) 814-5232 (Chicago) or (217) 782-3336 (Springfield). Logan. 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. Minimum requirements for licensing and registration. The Village of Oak Lawn made recent headlines with a new concept to generate tax revenue from video gaming. Every video gaming terminal offered for play shall first be tested and approved pursuant to the rules of the Board, and each video gaming terminal offered in this State for play shall conform to an approved model. The Monthly Revenue Report is a compilation of each casino's respective receipts, admissions and tax allocation information pertaining to gaming. Revised January 23, 2019. Illinois Compiled Statutes Table of Contents. Terminal Operators (or TOs) are the licensed companies that own, service, and maintain the slot machines that are placed in Illinois locations. 5 billion. CityLab Technology Video Slot Machines Spur Gambling Revenue Windfall for Illinois State’s revenue from gambling nears $2 billion in fiscal 2023 Lottery still top. 96-0034. Revenue: $100 to $500 million (USD) Gambling. The gaming board designates sales agents as PSICs when they have revenue-sharing agreements with operators. Illinois has the highest count of VGTs in the United States with more than 44,000, and play at more than 8,000 establishments statewide creates a substantial form of gaming tax revenue for the state. 2 billion in Net Terminal Income through the first 10 months of the year, resulting in $653 million in state. The host establishment and terminal operator retain most of the gaming revenue, with about 65% of the proceeds split between those two parties. Sometimes you win, sometimes you lose. PSICs are required to undergo additional vetting by the gaming board, including criminal. 00 paid by the video gaming terminal establishment, beginning March 1 and ending February 28, 2020, and annually thereafter. The Illinois Gaming Board reported that in the one-year period between October 2022 and September 2023, total adjusted gross receipts from the State’s 15 casinos totaled nearly $1. 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. However, municipalities’ cut was 5% then and remains 5% now. The numbers were released today by the Illinois Gaming Board. The admissions tax was increased by the. ILLINOIS GAMING BOARD JB Pritzker • Governor Charles Schmadeke • Chairman Marcus D. 90 billion, a 10. Each of those businesses has six terminals. 5% drop compared to 2018 and nearly 21% less than what was collected in 2012. B. 2 billion in gross gaming revenue and. The Illinois Gaming Board reported a combined $327. According to Illinois Gaming Board data, the total money played at those terminals from January to August was $38 million and $34. premise that VGT gaming cannibalizes local market revenue from casinos. 160 North LaSalle ♠ Suite 300 ♣ Chicago, Illinois 60601 ♥ tel 312/814- 4700 ♦ fax 312/814-4602. It is also the perfect complement to sports betting. In FY2022, the State of Illinois collected nearly $1. Revenue of a little more than $1. The experts at Universal Gaming Group explain how and how it will affect your video gaming business. • In July 2009, Public Act 960034 became law, legalizing video gaming in Illinois. Capital expenditures guidance increased due to Accel's investment in the Nebraska market and the acceleration of planned 2023 capital expenditures to 2022. Illinois casino revenue totaled $122. Pritzker. Illinois Policy confirmed that “ [VGTs] have nearly doubled from $395 million in revenue during 2019 to $762 million in 2022. Cook County opted out of video gaming at the time. 4 million for the month of December, as the gaming discipline generated $290 million in state tax revenue for the 2022 calendar year. In 2019, players wagered over $17 billion on Illinois VGTs and won just over $15 billion. 21 Apr, 2021, 14:18 ET. March represented a new single-month revenue record with a revenue of $5. 18 Miscellaneous Gaming Revenue in Illinois 90 . (230 ILCS 40/25) Sec. Q. Revenues from the machines more than doubled from 2013. Reduced for FY2021 as part of Covid-19 Relief. 9 million. 4 billion in tax revenue to the state and local communities in calendar year 2022. Raking in more than $833 million, lottery. In addition, Accel has a very limited number of revenue-share agreements with other licensed terminal operators in Illinois, which provide splitting gross gaming revenue. 593 billion in net terminal income. The state receives 29% of the VGT revenue, and the. . 7 percent Casino gaming is the dominant sector of Louisiana [s State-regulated gambling industry. 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. Illinois ‘ 11 casinos closed 2021 with a flourish as the state’s gaming board reported revenue totaling $109. State lawmakers put Illinois college teams on the board under new sports betting bill. Expansion of the VGT markets in Illinois and Pennsylvania is only the latest growth in what has been a robust VGT/VLT market in the U. Business was good for everyone but Illinois race tracks. Minimum requirements for licensing and registration. 4 million in revenue from casino gaming and video gaming terminals in June as both wagering disciplines declined from the prior month. 7 million generated in March. 07435% to the terminal operator. Revoked Licenses. 4 million for April, a 15. Licensed locations generate over $72,000* in additional revenue each year, on average! Plus, video gaming adds an additional amenity to your patrons! *igb. March represented a new single-month revenue record with a revenue of $5. The Illinois Gaming Board has announced its guidelines for reopening following closures caused by the novel coronavirus (Covid-19) pandemic, with casinos to operate at 50% capacity and poker rooms staying closed. It generated $762 million in FY2022, a 119. five additional video gaming terminals, and the opportunity for existing casinos to move to land-based. 5% for all VGTs at retailers, the lowest report win% every for Illinois. For questions regarding floor plan requirements or the building permit process, please contact Community Development at (847) 923-4420. ” That’s according to data from the Illinois Gaming Board. gaming operations managed by commercial casinos Gaming providing economic value for Illinois. Q3 2022 Illinois revenue per location per day increased 3% when compared to Q3 2021. CHAPTER IV: ILLINOIS GAMING BOARD. The Administrator concluded by stating that the combined (video gaming, sports wagering and casino) gaming industry total tax revenue for January 1 through December 31, 2021 (exclusive of December sports wagering amounts) is approximately $1. , has nearly 1,200 machines, officially known as “terminals,” in. A video gaming terminal is any electronic video game machine that allows you to play or simulate the play of a video game. 1) Sec. 38, par. 6% compared to the $1. Doug. By the end of 2022, 45,008 terminals were in operation across Illinois. 9 billion going into its coffers. (SPAC) deal in. “You’ve got about. Moreover, the fee imposed by any home rule or non-home rule unit of government must now be shared equally between the Terminal Operator and Licensed Video Gaming. 4% from the 2019 total of $1. and the subsequent increase in NTI and tax revenue. The new Video Gaming Act is codified at. The casino revenue figure was 4. That was the last. 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. The performance in total and by sector is shown in the following chart. At this time, the state receives 34% and the Terminal Operator accepts 32. Illinois Policy confirmed that “ [VGTs] have nearly doubled from $395 million in revenue during 2019 to $762 million in 2022. “Video Gaming Terminals or ‘VGTs’ are Class III slot machines, just like the ones on a casino floor, but they can be installed in the same locations skill games have operated,” Bishop wrote. 6. "Board" means the Illinois Gaming Board. However, tax revenue from the terminals was down only 15. 54-424 et seq. Video gaming terminal revenue includes the amounts earned by the licensed video gaming locations and is recognized at the time of gaming play. That’s up 4% from the previous monthly record of $1. purports to control the placement or operation of video gaming terminals with a video. (A) Assume the primary responsibility for the operation and maintenance of video gaming terminals and for payment of tax remittance to the State of Illinois as required by the Video Gaming Act and the payment of the fees imposed by. 98 billion in 2007 and have been declining steadily since the state allowed video gaming terminals at bars, restaurants and truck stops in 2012. , would the subsidiary meet the requirement that it has. The first ten licensed establishments in Illinois began reporting revenue from 50 total VGTs in September 2012, and five years later at the end of 2017, the number of establishments had grown to 6248, operating 27,849 total VGTs, which together generated over $1. Though, Illinois, which has an effective tax rate below 16%, did out-perform Pennsylvania and its 25. Your license will be issued when you are found suitable and the annual license fee is received. 71 billion in 2022, a 9. 1998 COMPACT: Gross Gaming Revenue: Share to State: Up to $75m: 4%: $75m – $150m: 6%: Over $150m: 8% 2007 COMPACT: Gross Gaming Revenue:. Net terminal income generated from VGTs in Illinois is substantially higher than casino revenue despite the fact that the machines are not allowed in Chicago, per city ordinance. 00 for each video gaming terminal per license year shall be paid to the city treasurer, and that amount shall be divided with $250. Section 1800. 11 From 1984 to 1987, I served as Illinois' 12 Inspector General, a post that oversaw all licensing, 13. 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. Video gaming currently represents about 41% of wagering revenue, while lottery makes up nearly 44%. The Village of Schaumburg will contact the establishment and set up an appointment. On June 28, 2019, the Illinois Gambling Act was signed by the Governor, J. Accordingly, the Village Board will review a proposed ordinance that could remove the. Not a single piece of hardware will work without a “soul” – software. TruckStop@illinois. According to the Illinois Gaming Act, a Illinois video gaming terminal operator provides and maintains video gaming machines for licensed locations. "I can think of no industry where, by law, a business is forced to give up 50. - Video Gaming Act Illinois Department of Revenue Responsibility Money collected from. The State received approximately $63 million in. 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. The breakdown of revenue sharing in the Illinois video gaming market How a Terminal Operator assists in the process This guide details how Illinois gaming revenue is. • Must comply with the Cook County Video Gaming Ordinance and the Illinois Video Gaming Act (230ILCS 40/1), regulations/ restrictions imposed by the Illinois Gaming Board. Illinois Gaming Board by the 5th of every month. As a result, 13 terminal operators from 40 of Oak Lawn’s video gaming establishments that failed to submit the tax forms and remit push taxes for January were summoned to appear at the July 15. Downers Grove Sets November 2024 Vote On Video Gaming Terminals. "Credit" means one, 5, 10, or 25 cents either won or purchased by a player. 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). Cook County estimates that video gaming in unincorporated areas will generate up to $781,000 in annual revenue for the County by 2022. Video gaming currently represents about 41% of wagering revenue, while lottery makes up nearly 44%. This rate increase was the The Illinois Gaming Board is the state regulatory and law enforcement agency that regulates all aspects of casino gambling, video gaming, and sports wagering in Illinois. Illinois is home to 12 casinos, more than 8,300 licensed video gaming establishments and nine sportsbooks. 160 North LaSalle Street, 3. In past year, video terminals in Marion have brought in $203,024 in revenue and $418,877 since September 2012. Accel Entertainment provides the latest slot machines in the Illinois video gaming industry and will optimize machine selection for maximum revenue. Oak Lawn Trustee Paul Mallo told The Patch Oak Lawn: “It was outrageous that the video gaming industry left the municipalities in the cold when they re-cut the revenue-sharing pie. “VGTs offer better games, more robust regulation and, most importantly, more revenue. Of that, 5% goes to local municipalities. South Dakota has made a comeback in the past year, with more than 9,109 terminals in 1,336 locations that have brought revenues back near their 2010 peak, finally recovering from the effects of a. 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. 312-898-2501. Once the Video Gaming Alteration permit process is completed, you will receive a Certificate of Gaming Alteration Completion. 08 billion in September,. 00 per terminal). 00 paid by the video gaming terminal operator and $250. An open session is set for 3 pm CT/4 pm ET Thursday. illinois. (a) Declaration of Purpose. ”Still, the industry maintained strong growth. The gaming expansion—included in Senate Bill 690—set in motion several changes in Illinois gaming. East Dubuque seek to boost gaming-related revenue following state law change. 1. A ProPublica Illinois review of local financial records shows that even in towns saturated with video slot and poker machines, the devices in most cases accounted for roughly 1. Illinois Gaming Board - Video Reports. August 3, 2021. 7 million. Location Application and Forms. 0 percent Lottery (sales): + 31. 1) (from Ch. There were 745,546. 1 million in. (a) $400 per video gaming terminal for fraternal or veterans' establishments as defined in the Illinois Video Gaming Act (ILCS Ch. 5 billion in net terminal income from VGT play resulted in more than $717. Revenue sharing; Local Government Video Gaming. Except as otherwise disclosed in this Application and as allowed by 230 ILCS 40/25(C), does the Applicant, any of its owners listed herein, or the Video Gaming Manager have any agreements or understandings, or an intent to enter into any agreement or understanding, with any Individual or Business Entity related to sharing or allotting any sums of money. 00 per terminal. From this link, you can find monthly video gaming revenue reports broken down by municipality or individual location, as well as statewide. 1) (from Ch. 00) Reduced for FY2021 as part of Covid-19 Relief. 888-862-2235 (Sales) 888-972-2235 (24/7 Service). 0:05. 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. Carroll proposed that some of the tax revenue generated from this expansion could be part of a “revenue-sharing model that. Capital expenditures guidance increased due to Accel's investment in the Nebraska market and the acceleration of planned 2023 capital expenditures to 2022. The competitive . Sometimes you win, sometimes you lose. 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. More and William Bogot. 28-1. On April 13, 2020 the Board received from Gold Rush a Revenue Sharing Agreement Shaq Hoy, left, explains the game to patrons using video gaming terminals, at Stella's Place in Elmwood Park, on Tuesday, April 4, 2017. 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. The IGB Administrator serves as the agency's chief executive and directs. 49 terminal handlers and one technician. Sports betting in Illinois will soon be permitted at racetracks, large sports stadiums, existing casinos, and online. Similarly, the initial Organisation Gaming licence, and any renewal, is valid for a period of four (4) years. Video gaming terminals, for example, have. 3% to 770,693. One store under the BP brand in Johnsburg, Ill. The figure represented a 5. Retain the original to be presented to the agent at the site inspection. See how J&J FlexPay gives establishments the. , April 21, 2021 /PRNewswire/ -- Gold Rush Amusements, Inc. This new rule brings welcome definition and clarity to what constitutes an inducement in the video gaming industry. 888-862-2235 (Sales) 888-972-2235 (24/7 Service) Offerings. All TOs must abide by the state-determined profit sharing system. It soared beyond 13% in mid-November, when Gov. 2 billion for 2021. In 2012, Illinois passed legislation allowing video gaming terminals (VGTs) outside of casinos. 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. The move is part of. This legislation was passed in order to increase tax revenues from. Video gambling revenues, after payouts to winners, are taxed at a flat 30 percent rate, with 25 percent going to the state and the other 5 percent going to the local municipality. 6 million in net terminal income in 2019. Show Answer. 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. 0. ILLINOIS REGISTER ILLINOIS GAMING BOARDby Bob Uphues April 18, 2023. At a Forest View, Ill. provided any contractual relationship shall not include any transfer. The Illinois Senate passed the gaming expansion bill June 2, 2019, and sent the legislation to the governor’s desk. In FY 2019, video gaming machines generated $1. , Rock Island, have exploded in numbers in Illinois. Video gaming has grown to more than 25,000 terminals at 5,800 locations in Illinois since it was legalized in 2012. “VGTs offer better games, more robust regulation and, most importantly, more revenue. State Rep. That’s 54. 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. 49 billion in the 12-month period ending in April. J&J Gaming was one of the first terminal operators to be licensed in Illinois in January 2012 and began operating video gaming in October 2012. 087 of the Ohio Revised Code . 3% annual increase. Video Gaming Equipment: Video Gaming Terminals, Associated Video. Back in October 2022, Penn announced plans to relocate its suburban Chicago casinos to new land-based facilities. ILLINOIS GAMING BOARD . 15. 5 Billion in Revenue Over the Past Year October 20, 2023 New data from the Illinois Gaming Board show that casino revenue. 1% decline in casino revenue for June to $110. The total was 1. Stay informed and updated on the state of gaming in Illinois. Accel is reaffirming 2022 location, gaming terminals, revenue, and Adjusted EBITDA guidance. 57435%. (230 ILCS 45/25-5) Sec. Logan Jaffe is a reporter for newsletters at ProPublica. The gaming expansion—included in Senate Bill 690—set in motion several changes in Illinois gaming. As the COVID-19 outlook continues to improve in Illinois, several video gaming terminals (VGTs) throughout the state can resume operations. Revised January 23, 2019 12:37 PMSource: IGB Monthly Revenue Reports. Unlike the state’s casinos, which are taxed at a progressive rate that can reach as high as 50%, video. Q3 2022 Illinois revenue per location per day increased 3% when compared to Q3 2021 Net income of $22. 2% of the total. Over $493 million of tax dollars has already gone to the state in. Most of that came from the most popular play on the gaming floor: $72. 5% $50m to $75m. Granted more than 408 new gaming licenses and related approvals for casino gambling, video gaming and sports wagering along with renewal of existing licenses. The number of video gaming terminals increased to 43,000 by the end of state fiscal year 2022. As used in this Act: 8 "Board" means the Illinois Gaming Board. Video gambling revenues, after payouts to winners, are taxed at a flat 30 percent rate, with 25 percent going to the state and the other 5 percent going to the local municipality. Learn more about the Illinois video gaming market and how Accel Entertainment can help your Illinois establishment profit through slot machines. Video poker (gross gaming revenue): - 3. tribes have asserted that they do not have to continue with revenue sharing, because a state lottery with VLTs is operating “casino games. Here are some of the biggest changes set to come. @loganjaffe. It permitted five new racetrack casinos (“racinos”) through two measures: allowing three current race tracks to add casino gambling operations and allowing construction of. gov. 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. BB2 / XD. In Cook County, 31 municipalities do not allow video gaming, two limit it and 89 allow it, according to the Illinois Gaming Board. 2 million in taxes. Seven businesses in Westchester operate 42 video gaming terminals in the village. 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. Q3 2022 Illinois revenue per location per day increased 3% when compared to Q3 2021. A manufacturer may only sell video gaming terminals for use in Illinois to persons having a valid. 230. 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. Overall, the state’s 11 venues generated $1. 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. 501(c)(19)). Your license will be issued when you are found suitable and the annual license fee is received. 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. Illinois casino revenue down $200m since 2012, as Chicago bets on casino. 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. There are also various provisions relating to sharing data with the leagues,. Gaming Administrative. Illinois gaming revenue of nearly $1. Currently, two out of three slot machines in Illinois are. This means Hollywood Casino Aurora and Hollywood Casino Joliet will be on the move. 9% on Monday. 249 billion for operators during the 16-month period beginning on Feb. (David Allen/Patch) OAK LAWN, IL — The Illinois legislature passed a new. Definitions. (3) negatively impact the purposes of the Video. In FY 2019, video gaming machines generated $1. A copy of valid Illinois Liquor License. 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. Given the bills we’ve seen, proposed tax rates are somewhere in the. 2 percent to $1. (230 ILCS 40/15) Sec. The revenue from them far outstrips revenue from casinos in Illinois. and the subsequent increase in NTI and tax revenue. If we look at a snapshot of things year. ILLINOIS REGISTER ILLINOIS GAMING BOARDThe Illinois Gaming Machine Operators Association announces resolution of a lawsuit ending a local fee on video gaming terminals. 3 million generated in January and February combined across the state’s 11 venues. Under the Illinois Gambling Act, the initial Owner’s licence, and any renewal, is valid for a four-year period and subject to a $250,000 renewal fee. By the end of FY 2021, over 40,000 video gaming terminals were in operation across. 18 Miscellaneous Gaming Revenue in Illinois 90 . Funds from the Act would be used for funding capital projects. Businesses such as bars and restaurants can have up to 6 slot machines and participate in video gambling activities in Illinois. In 2019, players wagered over $17 billion on Illinois VGTs and won just over $15 billion. At Stake. including as a result the suspensions of all video gaming terminal operations by the. Mayor Lori Lightfoot settled for a revenue-sharing structure. VG. The gaming board designates sales agents as PSICs when they have revenue-sharing agreements with operators. Video gambling terminals, including ones in the City Limits Saloon & Grill, 4514 9th St. Video Gaming Application Fee: $500.