Digital Access

Digital Access
Access saukvalley.com from all your digital devices and receive breaking news and updates from around the area.

Home Delivery

Home Delivery
Local news, prep sports, Chicago sports, local and regional entertainment, business, home and lifestyle, food, classified and more! News you use every day! Daily, Daily including the e-Edition or e-Edition only.

Text Alerts

Text Alerts
Choose your news! Select the text alerts you want to receive: breaking news, prep sports scores, school closings, weather, and more. Text alerts are a free service from SaukValley.com, but text rates may apply.

Email Newsletters

Email Newsletters
We'll deliver news & updates to your inbox. Sign up for free e-newsletters today.
The Holiday Gift Auction is Live! Click here and bid now on great local gifts!
State

Bars already profiting from video gambling

KEYESPORT (AP) – Some Illinois bar owners say they’re already making big profits from video gambling machines that became legal late last year, and pending applications are expected to put even more money in their pockets.

Bob Waddell owns a bar outside Keyesport in Clinton County in southwestern Illinois. He made $9,778 in video gambling in December, according to a report in the (Belleville) News-Democrat.

“I have not been disappointed with the results,” he told the newspaper.

Players fed more than $1 million into machines operating in 35 establishments located east of St. Louis in December. These players lost $350,000 that month. Statewide, players lost nearly $7 million in December, while establishments kept $2.45 million, the state earned $1.75 million and cities and counties combined made about $350,000.

Gov. Pat Quinn vetoed expansion legislation last summer citing ethical and oversight safeguards, but has since said he’s open to compromising.

State law provides that the establishments get 35 percent, the vendors supplying the machines get 35 percent, the state gets 25 percent, and the 5 percent left goes to the municipality or county that authorized the liquor license to the bar.

All stakeholders may see their revenue increase soon after the Illinois Gaming Board licensed dozens more bars two weeks ago. Each establishment can have up to five machines.

But the staggering profits aren’t making everyone happy. Anita Bedell, the director of the Illinois Church Action on Alcohol and Addiction Problems, said the communities will gain “very little” out of people’s loses.

“We’ve got a truck stop outside Springfield where last month people lost over $82,000,” Bedell said. “It’s a big windfall for some of these bars.”

The state’s annual revenue from video gambling has been broadly estimated. It ranges from $106 million to about $534 million. The low estimates are based on Cook County’s ban on the machines.

___

Information from: Belleville News-Democrat, http://www.bnd.com

Loading more