Meetings & Information


Friday, August 12, 2016

Illinois casino revenue on the decline due to oversaturation

Illinois casino revenue on the decline due to oversaturation

Written By: , Illinois News Network August 11, 2016
The latest report on the three casinos in the Quad Cities is quite telling for all of Illinois.
July’s gaming reports from Iowa and Illinois show two different trends in the two states. Iowa, as a state, is seeing more people gambling more dollars. Illinois is not.
The Jumers casino on the Illinois side of the river bucked the state’s trend last month, it did see more people. But numbers show those gamblers played table games.
Tom Swoik, director of the Illinois Casino Gaming Association, said that’s because people can play the slots in bars, social clubs, and even truck stops across the state.
“We’ve got more licensed gaming establishments in Illinois than in the entire state of Nevada,” Swoik noted.
Swoik said just about anyone in Illinois who wants to gamble can.
“Statewide, I believe the gambling market is saturated,” Swoik said video gaming is essentially as large as 20 extra casinos in Illinois. “We’ve got nearly 24,000 video gaming machines out there. We’re limited to 1,200 gaming positions per casino.”
Swoik thinks the state will see the amount of money in play level off.
Statewide casino revenue in Illinois has been sliding down since 2013.

No comments: