{"id":3933,"date":"2017-10-23T00:23:32","date_gmt":"2017-10-23T04:23:32","guid":{"rendered":"http:\/\/www.slotsmamma.com\/blog\/?p=3933"},"modified":"2017-10-31T00:32:32","modified_gmt":"2017-10-31T04:32:32","slug":"illinois-video-gaming-surpasses-riverboat-casino-revenue","status":"publish","type":"post","link":"https:\/\/www.slotsmamma.com\/blog\/illinois-video-gaming-surpasses-riverboat-casino-revenue\/","title":{"rendered":"Illinois Video Gaming Surpasses Riverboat Casino Revenue"},"content":{"rendered":"<p><img decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-3934\" src=\"http:\/\/www.slotsmamma.com\/blog\/wp-content\/uploads\/2014\/07\/illinois-video-gaming-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.slotsmamma.com\/blog\/wp-content\/uploads\/2014\/07\/illinois-video-gaming-300x200.jpg 300w, https:\/\/www.slotsmamma.com\/blog\/wp-content\/uploads\/2014\/07\/illinois-video-gaming.jpg 620w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>Illinois video gaming revenue has surpassed riverboat casino revenue for the first time in state history.<\/p>\n<p>These findings come from a new report by the Commission on Government Forecasting and Accountability (COGFA).<\/p>\n<p>Their documents show that Illinois collected $296 million from video gaming in the 2017 fiscal year ending on June 30. This is up from the 2016 fiscal year, which produced $252 million in video gaming revenue.<\/p>\n<p><strong>How did Illinois Riverboat Casinos Do?<\/strong><\/p>\n<p>The Land of Lincoln&#8217;s riverboat casino revenue continues to fall. It dropped from $270 million in the 2016 fiscal year to $270 in 2017.<\/p>\n<p>Neither of these totals even equal half of what riverboat casinos generated in 2005, when they produced $699 million in tax revenue.<\/p>\n<p><a href=\"https:\/\/www.ilnews.org\/news\/statewide\/video-gaming-revenue-surpasses-riverboat-casino-revenue-for-first-time\/article_4df77aa6-b802-11e7-aef8-431e84ee2da2.html\" class=\"external\" rel=\"nofollow\">ILNews.org<\/a> reports that Illinois earned $1.31 billion in overall gaming revenue. This is a 7.9% increase from the 2016 fiscal year.<\/p>\n<p><strong>COGFA Report Notes the Rise of Video Gaming<\/strong><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-3935\" src=\"http:\/\/www.slotsmamma.com\/blog\/wp-content\/uploads\/2014\/07\/illinois-riverboat-casino-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.slotsmamma.com\/blog\/wp-content\/uploads\/2014\/07\/illinois-riverboat-casino-300x200.jpg 300w, https:\/\/www.slotsmamma.com\/blog\/wp-content\/uploads\/2014\/07\/illinois-riverboat-casino.jpg 375w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>COGFA Made several observations based on the financial data that they collected.<\/p>\n<p>&#8220;The growth in video gaming was the impetus behind the 7.9 percent increase in state revenues from gaming\u2010related sources in FY 2017,&#8221; the COGFA report states.<\/p>\n<p>&#8220;But while video gaming has flourished, the established gaming sources in Illinois have seen stagnated sales (Lottery) or declining revenues (riverboat casinos and horse racing).&#8221;<\/p>\n<p><strong>Lottery is the Biggest Money Generator<\/strong><\/p>\n<p>The Illinois State Lottery earned the most money, collecting $738 million in revenue during the 2017 fiscal year. This is an increase of $58 million from the 2016 fiscal year, but down from a record-$815 million in 2014.<\/p>\n<p>The state fired NorthStar from running their lottery after they failed to meet revenue goals. Camelot will take over as the new private manager starting on Jan. 2, 2018.<\/p>\n<p>&#8220;A closer look shows that the overall increase in gaming revenues has been, for the most part, experienced downstate where limited gaming opportunities had previously existed,&#8221; COGFA&#8217;s report states.<\/p>\n<p>&#8220;The numbers suggest that adding video gaming to the Chicago areas has merely redistributed the revenues to the numerous gaming venues that now exist in that area.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Illinois video gaming revenue has surpassed riverboat casino revenue for the first time in state history. These findings come from a new report by the Commission on Government Forecasting and Accountability (COGFA). Their documents show that Illinois collected $296 million from video gaming in the 2017 fiscal year ending on June 30. This is up &#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11,4],"tags":[],"_links":{"self":[{"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/posts\/3933"}],"collection":[{"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/comments?post=3933"}],"version-history":[{"count":4,"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/posts\/3933\/revisions"}],"predecessor-version":[{"id":3938,"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/posts\/3933\/revisions\/3938"}],"wp:attachment":[{"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/media?parent=3933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/categories?post=3933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/tags?post=3933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}