The Illinois Video Gaming Act permits licensed establishments, such as bars and restaurants, to obtain video slot machines and participate in video gambling in Illinois. Under the Illinois Video Gaming Act, the Illinois Gaming Board allows restaurants and bars to have up to 6 slot machines. Large truck stops are authorized to have up to 10 video slot machines. Video slot machines are utilized by business owners to generate Illinois slot machine revenue and attract customers.
Under the Illinois Video Gaming Act, municipalities have the power to prohibit or allow video gambling in Illinois and the utilization of Illinois slot machines. Before you decide to use slot machines and add Illinois slot machines revenue to your bottom line, you’ll need to determine whether your establishment is in a qualified area. View a list of municipalities from the Illinois Gaming Board that allow or disallow video gambling machines.
If your location is within one of the municipalities that allow slot machines and video gambling in Illinois, the next step will be getting your establishment authorized to install slot machines and earn Illinois gaming revenue. All parties involved with the Illinois video gaming market and Illinois Video Gaming Act must have the proper licenses, including:
In order to qualify for Illinois video gaming and slot machines under the Illinois Video Gaming Act, establishments are required to have a liquor license or be considered a truck stop. The licensing process takes time and patience, but Awesome Hand Gaming can help you prepare everything you need to pass your site inspection.
Incorporating Illinois slot machines and video gambling into your business provides immense opportunity to attract more customers and generate Illinois slot machines revenue. The benefits of video gambling in Illinois and adding slot machines and games to your establishment include access to new markets and high customer retention rates. In addition, utilizing the Illinois Video Gaming Act to add video slot machines to your establishment helps enhance the economic stability of Illinois.
The income earned from customers that play your Illinois slot machines is shared between the city, state, Illinois Video Gaming Terminal Operator, and the business.
The total gaming revenue generated from video gambling in Illinois by bars, restaurants, fraternal organizations and other businesses varies. Click here to see a breakdown of Net Terminal Income (NTI) and other video gaming revenue reports from the Illinois Gaming Board. The system allows you to search for detailed totals under state, municipality, or even a specific establishment.
Looking at the steps and licenses required by the Illinois Gaming Board to add video gambling services to your business in Illinois can feel stressful and overwhelming. But Awesome Hand Gaming makes the process simple, doing much of the work for you. If you would like to obtain video slot machines for your bar or restaurant, give our team a call by phone at (847) 704-7608 or fill out our Service Form.
According to Illinois Gaming Board, a Licensed Video Gaming Location such as a bar or restaurant will receive an email to the address on file from the application. The email will state what needs to be in order to request a renewal of an Illinois gaming license. All information on the application needs to be up to date. The Administrative Assistant at Awesome Hand Gaming will generally handle this on your behalf. Please do not send payment for your licenses renewal until you receive your renewal email.
Failure to pay the annual Illinois gaming license renewal fee by the assigned deadline will result in an expired license, which will be verified at the Illinois Gaming Board meeting held in the month and year of your license expiration date. All VGTs ( Video Gaming Terminals) will be shut down immediately. Should you pay the renewal fee within 10 business days following the expiration of your Illinois gaming license license, your businesses video slot machines may be turned back on without having to reapply for a license. If however, you fail to pay the renewal fee within 10 business days, you will need to reapply for a license.
A licensee shall pay the following license fees annually, as applicable: Licensed establishment, licensed truck stop establishment, licensed large truck stop establishment, licensed fraternal establishment, or licensed veterans establishment — $100. BAR OR RESTAURANT
Per the Illinois Gaming Board, a licensee shall pay the following license fees annually, as applicable. Your bar, restaurant, or truck stop is required to pay $100 per video slot machine each year. For example; Illinois video gaming establishments with 6 video gaming terminals are required to pay $100 per machine, for a total of $600. If you have questions about the Video Gaming Terminal State License Fee, give the team at Awesome Hand Gaming a call by phone at (847) 704-7608 to receive assistance.
Illinois allows establishments with liquor licenses to install video slot machines subject to state regulations and a state license. The cost of a liquor license varies by municipality, so it is important to check fees per community. Some municipalities may impose a “permit fee” for each Illinois video gaming terminal or for your establishment in general. While one city’s permit fee can be $25.00 per video gaming terminal per year, another municipality’s fee might be $1,000 per video gaming terminal per year. These fees are accompanied by an annual renewal fee and an initial application fee.
Before considering gaming, your business needs to be registered with the Secretary of State. The Secretary of State’s website will provide all fee-related steps and information. Planning your expenses in advance can make the LLC process much more smooth. The fee for an LLC in Illinois is slightly higher than other states. Forming an LLC costs about $500 with a $250 annual fee. The fee varies for each corporation, but the average is about $125 to start and $100 annually.
Illinois offers a wide variety of business structures. In addition to a traditional LLC, you can choose from a series LLC or an L3C. Illinois offers over 5 different types of business corporations. The most common being a “Business Corporation”. Research different options before getting started.
The “Dram Shop” refers to any commercial establishment that sells liquor. Dram Shop Liability Insurance is required in Illinois for all Illinois video gaming establishments that serve or house alcohol. “Dram Shop” is associated with your liquor liability insurance. This insurance protects a bar, restaurant, or truck stop from being liable for accidents caused by customers who become intoxicated inside the establishment.
Please note, this coverage is required before you obtain an Illinois liquor license. The cost of the Dram Shop Insurance will vary by location and municipality. It is no secret that too much booze can lead to a problematic situation. Intoxicated customers can result in injury to themselves or others. From a legal standpoint, the intoxicated person is usually held liable for their actions. However, establishments that serve alcoholic beverages may be held accountable for their unlawful actions relating to intoxicated customers. To cover liabilities, the owners of establishments with Illinois slot machines should protect their businesses with a suitable Illinois liquor liability insurance policy.
Insurance for bars requires a more complex scope of coverage than your standard restaurant policy. When searching for liability insurance you want to make sure you are not leaving your business and personal finances at risk. Many claims against bars and restaurants result from an altercation. Ensuring your policy includes “Assault and Battery Coverage” can help protect you in the event an altercation takes place. A liquor liability insurance policy that does not cover assault and battery has a limited value.
No. A signed Use Agreement is not required for a potential licensed video gaming location to submit an application for Illinois gaming systems. However, a licensed video gaming location must have a signed Use Agreement with a licensed terminal operator prior to the scheduled site inspection. Before signing, it is important to use caution when entering into a Use Agreement. Make sure both parties have been licensed by the Illinois Gaming Board at the time of signing. Please note a valid Use Agreement is only between a licensed terminal operator and a licensed location with Illinois slot machines.
Cash tracking systems and players clubs in connection with Illinois slot machines may be authorized by the Illinois Gaming Board in the future, but are prohibited at this time. Terminal Operators and/or licensed video gaming locations are permitted to collect information on a voluntary basis. Player contact information can be used in connection with promotional mailings, sweepstakes, and loyalty points.
Yes, provided that the games have been tested and approved. Awesome Hand Gaming only provides video slot machines with multiple games available on them.
Once you have met the guidelines of the Illinois Video Gaming Act and are allowed to implement video gaming in Illinois, our Illinois Video Gaming Terminal Operator team will help you establish a marketing plan to pull more people to your location. Awesome Hand Gaming offers a large selection Marketing for video gaming locations to ensure their slot machines produce Illinois gaming revenue. We will help your bar, restaurant, fraternal organization, or truck stop promote its slot machines and video gambling in Illinois to help boost sales. Awesome Hand Gaming is able to offer web design, branding, social media, blogs, press releases, content, and print marketing assistance to establishment owners.
If you have questions about the Illinois Video Gaming Act, view the Frequently Asked Questions page on the Illinois Gaming Board website. Awesome Hand Gaming provides video slot machines and gaming services to bars, restaurants, truck stops, and fraternal organizations in Illinois. If you want to obtain slot machines for your business, give our team a call by phone at (847) 704-7608 or fill out our Contact Form.
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