Business & Tech
Rivers Casino Reverses Decline in Illinois' Gaming Income
Since the smoking ban took effect in 2008 Illinois casinos' total annual adjusted gross receipts have decreased, until Rivers Casino opened in Des Plaines in 2011.
As the first full year of operation for Illinois’ 10th casino comes to an end, the overall impact Rivers Casino has had on the state’s gaming industry and local and state taxes is becoming more clear. Illinois’ newest gaming venue generated more adjusted gross receipts than other casinos in the state every full month in operation since August 2011, according to reports from the Illinois Gaming Board. Admission and gaming tax revenue from the Des Plaines casino contributed to reversing a decline that began in 2008, the first year the ban on smoking in Illinois casinos took effect.
In 2007 the state’s share of admission and gaming taxes was $650,771,000. In 2008 it dropped to $473,738,000, then to $409,501,000 in 2009 and $383,538,000 in 2010.
Rivers Casino, 3000 S. River Road, opened in July 2011, and Illinois’ share of admission and gaming taxes was $400,803,000 that year. That amount has already been surpassed this year.
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In 2012 Illinois casinos generated $423,756,000 in admission and gaming taxes for the state, as of the end of November, according to a monthly revenue report from the Illinois Gaming Board. Below is a table with Illinois’ admission and wagering tax revenue from casinos since 2000.
The total adjusted gross receipts for Illinois casinos was $1,476,988,000 in 2011, according to the Illinois Gaming Board, and, as of the end of November, the state’s casinos have generated $1,506,471,000. If Illinois casinos continue at a similar rate in December, they are on pace to generate the most annual adjusted gross receipts and gaming taxes since before the smoking ban took effect in 2007. Below is a table with Illinois casinos’ adjusted gross receipts since 2000.
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Rivers Casino produced $29,466,000 in adjusted gross receipts in November, according to the Illinois Gaming Board, which is down slightly from November 2011, when the state’s newest casino brought in $32,039,000. Click here for a month-by-month breakdown of Rivers Casino’s monthly revenue since opening.
While adjusted gross receipts in November 2012 were slightly lower than they were November 2011 at Rivers Casino, according to the Illinois Gaming Board, attendance was slightly higher. In November 2011, 296,751 people went through the turnstiles at the Des Plaines casino; in November 2012, 306,725 people visited Rivers Casino. To view the complete report, visit the Illinois Gaming Board’s website.
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