1 month, 4 weeks ago by Bob Gough
There are now 28 machines in Quincy and five in Adams County establishments
State and local tax revenue from video gambling is coming in lower than expected after year one.
The state’s $43.9 million share of nearly $2.3 billion in wagering in the first year was less than half the low-end estimate from a state forecasting commission for eventual revenue.
Video gaming eventually should bring in $100 million to $200 million a year in state revenue, according to revised estimates from the Illinois Commission on Government Forecasting and Government Accountability.
Local governments collected $8.78 million. Video gaming revenue in Quincy and Adams County breaks out like this in August:
The 28 machines in 14 establishments in Quincy made $156,405. The state’s tax share of that revenue was $39,101 and the city received $7,820 (Click here for the link. Individual revenues are listed on pages 64 and 65).
There are 5 machines in Adams County, two at the Grove Inn and three at Jay and Nancy’s Tavern. Those machines made $29,708 with the state receiving $7,427 in taxes and the County receiving $1,485 (Breakdowns on page 1 of the link).