For decades, the casino industry has been one of the major contributors to the Illinois economy. However, things have changed; as from 2012 to 2022, the same industry saw a $200 million decline, according to data from the Illinois Gaming Board.
Reasons for falling profits:
Among the reasons for the mentioned decline, one of the main reasons for the decline is the emergence of more types of gambling. This reason was given because various types of gambling weren’t accessible to Illinois residents in 2012.
One example of this is that video gaming terminals nearly doubled from a profit of $395 million in 2019 to $762 million in 2022.
Furthermore, they permit players to wager on video poker and slot machines at local bars and restaurants, offering a…