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:South Central Receives One of 12 Federal Literacy Grants
Alleged Buchheit Burglar Indicted by Federal Grand Jury
Centralia HS Alumni Association Opens New Capital Funds Donation Initiative
Mark Decker Drops Out of Salem Mayoral Race, Three Candidates Remain
Centralia High School Approves Low Tax Levy