Chicago Mayor Lori Lightfoot continues pushing to get a casino-resort in the Windy City. Recently, five different companies submitted proposals to operate a gambling venue here. Officials are now beginning to review the casino bids in Chicago and are expected to award a gaming license here soon.
A huge amount of hype has surrounded this proposed venue. Many steps still need to be taken before construction on a casino in Chicago can begin, though.
Here’s a look at the latest progress being made to get this casino up and running!
Lori Lightfoot is Now Reviewing the Casino Bids in Chicago
The gambling industry in Illinois continues to expand. Several new properties have been planned to open in this state since 2019. That includes a casino in Chicago. This would be the first real regulated, Class III to ever open in this city.
Getting a casino built in this city has proven extremely difficult. Extremely high tax rates kept any casino companies from expressing any interest in operating this venue. Location then became an issue and officials in the city continue working to find the best location for a casino-resort.
Five casino bids in Chicago have now come in. Mayor Lori Lightfoot is now reviewing each of these casino bids and is expected to make a decision on which company will run a casino here before the end of 2021. Several major casino operators have submitted bids, including Hard Rock International.
It remains to be seen when exactly construction will begin on a casino here. The Illinois Gaming Board will need to give final approval to developers before this can happen. Hope is that groundbreaking on this massive project will take place at some point in 2022.
Just about everyone is excited to see a casino-resort open its doors in Chicago in the future. We’ll be sure to offer more updates on the opening of this venue as the year goes on.
Illinois’ Sports Betting Industry is Still Growing
Illinois is known for having one of the most successful casino industries in the Midwest. It is also home to a massive sporting fan base. Since sports gambling launched here in early 2020, revenue from the state’s regulated sportsbooks has been steadily rising.
Much of the attention has been placed on the rules for online sports betting. Initially, those looking to bet on sports online here need to register in-person to an internet sportsbook. This rule was lifted due to the Covid-19 pandemic, yet was reinstated earlier this year.
A new bill has been presented to permanently remove this rule. This amendment would be a part of HB 3136 to no longer require in-person registration. Many residents in the state, particularly those living far from in-person registration centers, are supporting this move.
Many are also interested in the recent push to allow college sports betting in Illinois. It is currently illegal to make sports bets on college sporting events taking place within the state. Many expect to see this take place at some point in 2022.
Illinois is currently home to one of the most successful sports betting industries in the United States. Things could get even better here with a few slight rule changes. It will be interesting to see how this industry grows throughout 2022.
Which States are Set to Legalize Sports Betting in 2022?
The US sports betting industry is now the most successful in the world. More than half the states in the country have regulated sportsbooks up and running. All signs point to more states officially legalizing this form of gambling in 2022.
California is one of those states. The most populated state in the country is home to a huge number of professional teams and millions of passionate sports fans. Lawmakers here are coming to agreements with various tribal groups and many expect a vote to legalize sports betting to appear on the ballots next November.
Oklahoma is another state expected to formally legalize sports gambling in 2022. Governor Stitt has worked hard to get legislation approved since PASPA was struck down in 2018. Many expect the first sportsbooks to go live here within the next 12 months.
Even Texas may decide to embrace sports betting next year. Several prominent lawmakers in the Lone Star State support this move. They point to the massive amount of tax revenue that will flow in every month with regulated sportsbooks up and running.
Are you excited to see more casino bids in Chicago coming in? When do you expect the first sportsbooks to go live in this state? Let us know in the comments section below.