Video slot machines and video gaming in Chicago from bars, restaurants, and other freestanding establishments are now bringing in more money across the state of Illinois than all ten of the state’s casinos combined. The Illinois Gaming Board recently reported the comparison of numbers for both gambling industries and found that revenue from video gaming in the Chicago areas exceeded casinos for the first time ever.
In the last ten years, the number of casino gamblers has dropped by a staggering rate of around 36%. But when looking at the finances of video gaming, the $1.5 billion worth of revenue in 2018 was more than 15% higher than the year before.
There is a clear shift in the direction with video gaming in Chicago and it is time to consider how adding video gaming and video slot machines to your business could benefit your bottom line. The Illinois video gaming revenue earned from Illinois gaming machines and video gaming in Chicago also helps the area generate a new stream of income that can positively affect many local projects.
Are you interested in obtaining video slot machines at your business? Fill out the form below to reach a specialist at Awesome Hand Gaming. We will guide you through all of the steps required to obtain slot machines.
The money received from video gaming in the Chicago suburbs from Illinois gaming machines can be used for a wide variety of plans to improve numerous aspects within the borders of the Chicago area including:
The city of Chicago was incorporated back in 1833 when there was only a population of around 4,000 people. Since that time, hundreds of buildings and other facilities have been built to accommodate the city’s massive growth. But with many of them now close to 200 years old, it is time to examine how the revenue earned from video gaming in Chicago can be utilized for renovations and repairs.
Debates of whether Illinois slot machine revenue can assist with the growth and funding of public schools have been raging for decades in the Chicago suburbs. Some argue not enough is given to the education system while others claim the restrictions set on how schools are able to use the money provides limited value. The reality is that regardless of how much is earned and how it is used, the video gaming industry in Chicago merits the consideration of becoming another tax revenue stream.
In a metro area that is constantly being mentioned among America’s most dangerous cities, public safety is becoming an ever-pressing matter for local representatives. The proceeds received from from video gaming in Chicago can be used to establish stronger security around the city to protect and safeguard its citizens.
Video gaming in Chicago may have a huge impact on the city pension budget. One of the most recent reports of the unfunded pension liability places the deficit at over $133.5 billion. While Illinois video gaming revenue is unlikely to cover this entire amount, taxes received from video gaming in the Chicago area could have a significant impact on lowering those numbers.
In October 1998, federal government officials found that many Indian groups were taking part in licensed gambling activities on their lands to generate revenue for their tribes. The United States Congress established a policy known as the Indian Gaming Regulatory Act to ensure the locations were regulated and operations were maintained in accordance with the law. As part of the act, the tribes were required to start a National Indian Gaming Commission as part of the process to govern the new legislation.
More than 20 years later in July 2009, a law known as the Illinois Video Gaming Act was established and is currently maintained by the Illinois Gaming Board. This act allows for the use of video slot machines in liquor-licensed businesses such as bars, restaurants, truck stops, and others. Similar to the Indian Gaming Regulatory Act, this statute requires that the operations be monitored by a commission that can regulate the procedures involved. The Illinois Gaming Board was given jurisdiction over this new type of video gaming in Chicago and has maintained supervision ever since.
Established in 1990, shortly after the Indian Gaming Regulatory Act, the Illinois Gaming Board (IGB) was started to monitor and govern video gaming in the Chicago area. They help the state implement strict zoning regulations designed to keep Illinois gaming machine establishments away from schools, homes, and residential areas.
The IGB oversees the law-abiding system of applying for an Illinois gaming license by ensuring each location meets all the necessary criteria as they complete a thorough application process. They manage each step involving everyone from the manufacturers and distributors to the operators and business locations with video slot machines.
Awesome Hand Gaming is an Illinois Video Gaming Terminal Operator that provides video slot machines and video gaming services to businesses in the Chicago area. We offer Illinois gaming machines to restaurants, bars, truck stops, and fraternal organizations from the best manufacturers in the industry. We offer slot machines from Novomatic Group, SPIELO International, WMS, Bally Technologies, and IGT.
Marketing Services From Awesome Hand Gaming to Help Your Business Attract New Customers
We offer a large selection of Marketing services to bars and restaurants to help business owners attract new customers that are interested in video gaming in the Chicago area. Awesome Hand Gaming offers promotional solutions such as event planning and web design assistance. Each of our partners receives a dedicated page on our website to help customers learn about the food and drinks at your restaurant or bar. In addition, we offer promotional accessories such as banners that are able to be utilized inside or outside your business, feather flags, posters, gaming chairs, coasters, and window decals.
If you are interested in obtaining video slot machines and video gaming services for your Chicago business, call us by phone at (847) 704-7612 or fill out our Service Request Form.