WJBD Radio

Images

Now Playing

Local News

WJBD - Local News - Report: Gambling Revenue Won't Aid State Greatly

Report: Gambling Revenue Won't Aid State Greatly

(Springfield, IL) -- A new study suggests the real winner from a future expansion of gambling in Illinois will be the casinos themselves.

The "Tribune" analyzed Illinois' fiscal projections from gambling revenue and came up with some interesting data. Proposals for five casinos and six horse racing tracks would only serve to maximize casino profits and would probably not help the state's deficit problems. Because the gambling plan creates a myriad of tax cuts for casinos the study concludes Illinois' coffers would be benefitted in a very small way.

See other LocalNews news:

Police Beat for Saturday, February 28th, 2015
Salem, Centralia And Central City Snow-Routes In Effect
Centralia High School Board Receives Update on New Football Stadium
Centralia Man Draws Five Year Prison Term For Burglary
Effingham to Get Tesla Charging Stations




This Site logo