Illinois bet billions on video gaming and lost, report says

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Video Gaming Revenue in Rockford_56915042

Illinois bet billions on legalizing video gambling to repay bond debts and fix the state’s fiscal crisis, but lost big, according to a new study.

ProPublica Illinois reports that the state brought in $1.3 billion less than promised, although private companies earned $2 billion.

Rockford’s metro area has the highest concentration of video gambling machines anywhere in the state.

ProPublica’s report suggests that Rockford brought in $1.6 million in tax revenue in 2017, amounting to only 1.3 percent of the city’s $129 million revenue.

The report also states that money was drained from other sources in order to repay state debts that video gambling was supposed to cover, leaving fewer resources available to support people struggling with video gambling addiction.

Read the full report here.

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