HomePublicationsCurrent NewsletterVolume 26Issue 22Illinois Legislature Passes Amendments to Gaming Bill Lowering Chicago Tax Rate
On May 23, 2020, shortly before adjournment, the Illinois Legislature passed amendments to the Illinois Gambling Act, Sports Wagering Act and Video Gaming Act providing a variety of tax restructures.  Governor Pritzker is expected to sign the legislation into law. 
Perhaps the most visible change is the reduction for the gaming privilege tax rate for a Chicago casino.  Previously, in addition to the state tax, a Chicago casino would have to pay a 33.3% privilege tax to the city.  Under the revised legislation, the city tax is graduated, beginning at 6.9% for the first $25 million in revenue and rising to a cap of 16.1% for revenue exceeding $375 million for table games and beginning at 10.5% for the first $25 million and rising to a cap of 34.7% for revenue exceeding $1,000,000,000 for all other games.   
Among other changes, the bill also permits the casinos to delay the payment date for purchasing additional gaming positions and for a master sports wagering license fee from July 1, 2020 to July 1, 2021.  Finally, the Illinois Gaming Control Board is now permitted to rebid casino licenses if there are no applications pending for six cities or townships (Chicago, Danville, Waukegan, any township in Cook County, Rockford and Williamson County adjacent to Big Muddy River).

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