{"id":4189,"date":"2019-08-20T13:37:19","date_gmt":"2019-08-20T13:37:19","guid":{"rendered":"https:\/\/casinous.com\/?p=4189"},"modified":"2021-03-29T12:40:37","modified_gmt":"2021-03-29T12:40:37","slug":"airport-slots-will-benefit-illinois-coffers","status":"publish","type":"post","link":"https:\/\/casinous.com\/airport-slots-will-benefit-illinois-coffers\/","title":{"rendered":"Airport Slot Machines Will Benefit Illinois\u2019 Revenue Coffers"},"content":{"rendered":"

Paige<\/a> | August 20, 2019 | Updated on: March 29th, 2021<\/p>

A report by Union Gaming Analytics found that adding airport slots would bring in a significant revenue increase to Illinois. The study reportedly determined that adding slots to the Chicago Midway International Airport and O\u2019Hare International Airport could bring in US$18.5 million a year. The estimated figure was determined by looking at adding 500 slots between the two airports.<\/p>\n

Additionally, the report also states that having 500 slots at these airports would bring net revenues of about $36.5 million into the state\u2019s coffers.<\/p>\n

<\/span>Airport Slots in Illinois Would Make Much More than Nevada<\/span><\/h2>\n

Furthermore, the state-sanctioned report claims that Illinois would make much more than the slots at Nevada\u2019s two major airports in Las Vegas and Reno. Currently, these are the only two airports in the United States that offer slots. McCarran International Airport in Las Vegas (with 1,475 slots) and Reno-Tahoe International Airport (with 240 slots) make only $151 a day. This is considered to be well below the earning average for a slot machine in Nevada.<\/p>\n

But the airport slots that will be placed in the two Chicago airports, Union Gaming Analytics estimates, could earn US$200 a day.<\/p>\n

\"Airport<\/p>\n

<\/span>Aim to Attract the \u201cCaptive Audience\u201d<\/span><\/h2>\n

Between O\u2019Hare and Midway, these airports had around 50.7 million travelers passing through last year compared to Nevada\u2019s 25.7 million. The airport slots aim to draw these tourists i.e. the \u201ccaptive audience\u201d looking to kill time. The function, the report reads, for the airport slots is to be \u201cnamely as an option for some travelers to pass the time\u201d.<\/p>\n

\u201cUltimately, slot machines at Chicago airports should perform notably better than those in Nevada\u2019s airports. As such, greater total revenues and taxes would be achieved by [allocating] a few hundred slot machines to Midway and O\u2019Hare airports,\u201d Union Gaming Analytics\u2019 report reads.<\/p>\n

<\/span>Strict Legislation in Place to Prevent Turning Airports into \u201cGambling Dens\u201d<\/span><\/h2>\n

In order for an operator to set up airport slot machines in Illinois, they will first have to meet legislative mandates set in the recently signed expanded gaming legislation. Therefore, in order to receive the only license, the applying operator will have to be running a downtown Chicago casino and accept a 72% tax rate.<\/p>\n

However, stakeholders in the industry have concerns that this rate is too high. Chicago mayor Lori Lightfoot says that she is working to find a solution. Lightfoot says that the plan isn\u2019t to change the two airports into \u201cgambling dens\u201d. \u201cWe haven\u2019t set the parameters yet but there is going to be a very, very high hurdle reached before we see any gaming at our airports. We are not going to turn Chicago into a location that\u2019s unrecognizable from where we are,\u201d she said.<\/p>\n

For more casino and gambling news<\/a> in the US, keep it locked to Casino US.<\/p>\n","protected":false},"excerpt":{"rendered":"

Paige | August 20, 2019 | Updated on: March 29th, 2021A report by Union Gaming Analytics found that adding airport slots would bring in a significant revenue increase to Illinois. The study reportedly determined that adding slots to the Chicago Midway International Airport and O\u2019Hare International Airport could bring in US$18.5 million a year. The […]<\/p>\n","protected":false},"author":8,"featured_media":4191,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3697,3699,14235],"tags":[],"yoast_head":"\nAirport Slots Will Benefit Illinois Investigation Finds - Casino News<\/title>\n<meta name=\"description\" content=\"An investigation has found that adding airport slot machines would be a major benefit to the state\u2019s revenues. 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