More Information on the Casino Bids in Chicago is Coming Out

Chicago Casino Gambling City Skyline Background

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.

Here’s Another Update on Chicago’s Casino Plans

Chicago City Skyline And Casino Background

Illinois continues working to expand its gambling industry. For years, officials in Chicago have been working to open a new casino-resort. More information on Chicago’s casino plans is now starting to surface and some are surprised to hear what is being proposed.

Several companies have recently submitted proposals to open a casino in this city. Several steps still need to be taken for any casinos to open here, though.

Here’s a look at some of the progress being made here.

Here’s What You Need to Know About Chicago’s Casino Plans

Illinois is known for having the largest gambling industry in the Midwest. For many years, popular casinos have been operating in this state. Sports betting launched here in 2020 and Illinois now has one of the largest sports betting markets in the country.

Back in 2019, Governor Pritzker gave approval for a new state capital plan. Under this plan, several new casinos would be given permission to open in the state; including one in Chicago. The process of opening this Chicago casino has been much more difficult than most initially expected.

Chicago’s casino plans continue to surface. New reports have just come out claiming that no Las Vegas casino companies are interested in opening a gambling venue here. That is a surprise, as Las Vegas is still home to the world’s biggest and most successful gambling venues. Five companies have submitted proposals to open this gambling property in Chicago. Mayor Lori Lightfoot spoke to the media about the companies pushing to open a casino here this week.

“We are thrilled to have received five high-caliber proposals from Bally’s Corp.; HR Chicago, LLC; Rivers Chicago at McCormick, LLC; and Rivers 78 Gaming, LLC,” Lightfoot said. “The submission of bid responses represents a major step toward the thoughtful development of a casino-resort that uplifts our businesses, employs and empowers our residents and encourages tourism.”

Things are moving forward, albeit slower than many expected. It’s exciting to see companies submitting proposals here, though, and hope is that construction on this casino begins at some point in 2022.

Sports Betting Revenue Continues to Surge in Illinois

Illinois is now home to one of the largest sports betting industries in the United States. Sports betting launched here in 2020, at a time when most sports leagues were completely shut down. As the sports industry began to operate again, sports gambling revenue in the state started to surge again.

Before long, Illinois developed the most successful sports betting industry in the Midwestern United States. A huge amount of revenue has been flowing in from this industry. That was once again the case this past August.

The sports betting handle in Illinois surpassed the $400 million mark last August. Revenue here came out lower in August than in most of the other months this year. That’s not a surprise, however, as August tends to be the worst month of the year for the US sports betting industry.

It seems very likely that September will be a much more successful month for this industry. The start of the 2021/2022 NFL season has helped to bring many states a huge amount of sports betting revenue. Reports on Illinois’ revenue over September are expected to surface soon.

The sports betting platforms and expanding casino options in Illinois continue to find success. Stay tuned for more updates on the revenue figures here as 2022 approaches!

More Midwestern States Look to Expand Their Gaming Industries

Historically speaking, the Midwestern United States has not been much of a major gaming hub. Illinois is beginning to change things, though. Several states in this region of the US are now looking to expand their own gambling industries.

That includes Missouri. One major tribal group in this state recently revealed plans to open an incredible $60 million casino-resort at the Lake of the Ozarks. It would be one of the biggest development plans at the Ozarks in many years.

Missouri may also soon legalize sports betting, too. Several professional sports teams here recently submitted a proposal to finally legalize sports gambling in the state. A growing number of lawmakers are also voicing their support for this move lately.

2022 is expected to be a huge year for the gambling industry. Many states around the US seem likely to legalize sports betting next year. The massive revenue potential from this industry is simply too attractive for states to ignore at this point.

Are you excited to hear about Chicago’s casino plans? When do you expect the first casino to open here? Let us know in the comments section below.

Officials Continue to Narrow Down a Location for the Chicago Casino

Chicago Casino Gambling Background

Lawmakers in Illinois have been working to expand the state’s gambling industry for years. Much of the focus has been on getting a gambling venue in the city of Chicago. It’s been a long, arduous process, yet new reports claim that officials are beginning to narrow down a location for the Chicago casino.

This is exciting news for those in the Chicago area. Not everyone is convinced that a casino will actually open its doors here, though. Now is a great time to talk about when and where this new property could open its doors.

Let’s get into it!

A Location the Chicago Casino Will Be Decided Soon

Illinois is known for having one of the largest casino industries in the Midwest. In 2019, lawmakers here approved a new Capital Plan to significantly expand their state’s gaming options. Under this new plan, several new casinos gained permission to open here. That includes a brand new Class III casino in Chicago.

This would be the first casino to open its doors in the Windy City. Officials are now working to narrow down two locations for this venue. It seems that suburbs in the city’s Southern suburbs are the top options right now.

One location near the border of Homewood and East Hazel Crest is being considered. Another by Matteson is also in the running. City officials, including mayor Lori Lightfoot, are now working with city groups to ensure these locations will bring about the most revenue and tourism possible. Wind Creek Hospitality CEO Jay Dorris expressed his excitement about the progress being made to the media this week.

“This development promises to be the best in and for the entire Southland region – with job creation, economic and community investment, sustained operational excellence, and a strong commitment to diversity and inclusion in all phases of construction and operation,” Dorris said. 

If all goes according to plan, the location for the Chicago casino will be announced before the end of 2021. It will then take some time for construction on this property to complete. Stay tuned for updates!

Illinois’ Sports Betting Industry Continues to Impress

Illinois isn’t just known for its popular casinos. Back in 2020, the first regulated sportsbooks went live here. In this relatively short period of time, Illinois has developed one of the most lucrative sports betting industries in the United States.

The sports betting operators here continue to impress. Revenue figures throughout 2021 have been wildly impressive and are showing no signs of slowing down. More than $400 million was wagered on sports here over the month of August.

Many are now expecting September to be the most successful month in history for this industry. This month marked the start of the 2021/2022 NFL season. NFL betting revenue has been surging around the US and Illinois will likely report huge tax revenue earnings thanks to the start of the season.

Only New Jersey and Nevada have more successful sports betting industries than Illinois. Some feel this state has the potential to take the top spot in the future. It will be interesting to see how popular sports gambling becomes over 2022 in other areas of the country.

Most US casino hubs are faring well right now. Let’s take a look at some of the other states to recently report large increases in casino revenue.

More States Report Casino Revenue Increases Over September

September tends to be a successful month for the US casino industry. This past September proved that theory to be correct once again. Most states around the country reported significant increases in their casino revenue figures this month.

That was certainly the case in Louisiana. The casinos here reported a nearly 16% jump when compared to the month of August. The Belle of Baton Rouge proved to be the most successful gambling venue in the state and experienced an impressive 38% month-on-month revenue increase.

Pennsylvania is home to one of the largest casino industries in the United States. Over September, total gaming revenue in the state came out to $415.6 million. Rivers Casino saw the largest revenue increase at 43.6% when compared to September of 2020.

Oklahoma and New Jersey also saw impressive jumps in their monthly revenue figures. It’s great news for all of the casino companies in these states. We’ll continue offering updates on the growing US casino industry as the months go on.

Are you excited to finally hear the location for the Chicago casino? Where do you expect this property to open? Let us know in the comments section below.

Chicago’s First Casino is Expected to Come in 2025

Chicago

For years, officials in Illinois have been interested in opening a brand-new casino in Chicago. It hasn’t been easy getting this gambling venue up and running. Today, news broke that Chicago’s first casino is expected to open its doors in 2025. 

It’s exciting news for gambling fans throughout the state of Illinois. Today, we’ll talk about what’s being done to get this venue built. We’ll also discuss how Illinois’ gambling industry could evolve over the next few years. 

Let’s get into it!

Land-Based Casino Restrictions are Being Lifted Around the Country

It’s an exciting time for the casino industry right now. For more than a year, casinos in the US have been seeing major drops in their monthly revenue figures. Fortunately, it’s clear that things are beginning to improve in a big way. 

Tourism rates across all of the country’s major gambling hubs are surging. Places like Las Vegas are seeing steady increases in their hotel occupancy levels. As a result, more casinos are choosing to increase their operating hours and have begun offering more entertainment options. 

The relaxing of major casino restrictions has also helped this tourism boom. Many of the states around the country have recently loosened many of their regulations inside casinos. As a result, more people around the country are choosing to visit these major gaming hubs. 

Las Vegas is set for a big change beginning on June 1. Governor Sisolak recently announced that casinos in the state will be given permission to operate at 100% capacity. Nightclubs and bars can also run at full capacity. 

States around the country are now taking a closer look at expanding their gambling options. There are some fantastic new casino-resorts opening around the US soon. That includes Resorts World Las Vegas, the most expensive gaming venue ever built in the city. 

For months, lawmakers in Illinois have been talking about opening a gambling venue in the city of Chicago. We’re now beginning to hear more about when this property could be opening its doors! 

Here’s a Look at When Chicago’s First Casino is Set to Open 

Illinois is home to a large and successful gambling industry. It’s set to expand in a big way, too. Lawmakers passed a new Capital Plan back in 2019 that allows for several new casinos to open around the state. 

That includes one in Chicago. Mayor Lori Lightfoot embraces this move and has been working hard to get a casino built in the city. Several issues have gotten in the way of this happening. Fortunately, it appears there is some progress being made recently. 

Location has been a major issue with this gambling venue. Officials wanted to ensure it would be built in a place that is easily accessible. Even today, no one seems to know where exactly this property would end up. 

The opening date of this venue was also a talking point. This week, we finally received an update on when this casino could open its doors. If all goes according to plan, Chicago’s first casino will finally open its doors by 2025. Mayor Lori Lightfoot gave a statement that discusses the plans yesterday. 

“After years of planning, we are beyond excited to begin the RFP process for Chicago’s first casino,” she said. “We look forward to collaborating with world-class operators to develop a premier entertainment destination that will catalyze growth in our dynamic economy, create sustainable, good-paying jobs for our workforce and bring new financial opportunities to our businesses.”

Lightfoot is now asking for formal applications to run this venue. An operator is expected to be chosen in 2022. It will then take a few years for the city’s first major casino-resort to open its doors. Stay tuned for updates! 

Illinois’ Sports Betting Industry Could Begin to Shrink Soon

Back in March of 2020, sports betting finally went live in the state of Illinois. It was an extremely exciting time for sports fans here. Some, however, complained about the fact that they had to register in-person in order to make online sports wagers here. 

As the pandemic began to intensify around the US, Governor Pritzker decided to scrap the in-person registration rule. Doing so allowed residents in the state to register online to online sportsbooks. This helped the sports betting industry here grow extremely quickly. 

Things have begun to relax in recent months around the US. As a result, Pritzker seems focused on once again requiring in-person registrations. Many have pushed against this idea when considering the health crisis around the country is still far from over. 

Many also feel this will end up shrinking the state’s sports betting industry. A huge amount of revenue has been flowing in from sports betting lately. That could begin to slow down, as fewer individuals are expected to register if the in-person rule is set in place. 

The gambling industry in Illinois is changing quickly. Several new gambling venues are set to open their doors here over the next few years. It now seems that Chicago’s first casino could even open up in 2015. We’ll provide more information on this situation as the months go on. 

Are you excited to hear about the casino opening in Chicago? Let us know in the comments section below! 

The Push to Open a Real Casino in Chicago Continues

Mayor Lori Lightfoot

For years, officials in Illinois have been looking at plans to open a Class III casino in the city of Illinois. It hasn’t been easy and several huge delays have come up getting this venue up and running. It now appears that the push to open a real casino in Chicago is once again ramping up.

Many of the leaders in this city feel now is a great time to get this property up and running. Unfortunately, there are still some issues getting in the way. Today, we’ll talk about when this Chicago casino could eventually start operating.

Let’s get into it!

The US Casino Industry Shows Signs of Recovery

There has been a huge amount of attention placed on the land-based casino industry over the past year. In March of 2020, this entire industry came to a screeching halt. States across the country were forced to order their casinos to shut down.

This affected certain areas more than others. Places like Las Vegas and Atlantic City were hit extremely hard. These cities are known as major gambling hubs and rely heavily on tourism. When the casinos shut down, tourism rates plummeted.

Some clear signs are now pointing to a recovery for this industry. Infection rates are beginning to drop in many areas of the country. As a result, several casino hubs are seeing an easing of major restrictions.

Tourism is beginning to increase as these restrictions are lifted. Las Vegas casinos recently began operating at 35% occupancy. Some experts believe that this city will begin seeing a massive surge of visitors by the time summer rolls around.

Several states are now interested in expanding their casino industries. That includes Illinois, which passed a capital plan allowing new casinos to open around the state back in 2019.

Chicago has been interested in opening a new casino for years. For several reasons, this has not taken place. There now seems to be some progress being made.

Lori Lightfoot Wants to See a Real Casino in Chicago Soon

Chicago has never been home to a real Class III casino. Many have complained of this fact and believe a casino in the Windy City would be hugely successful. Finally, in mid-2019, state officials agreed and approved a plan to open a gambling venue here.

The state initially set extremely high tax rates on this property. As a result, no companies expressed interest in operating a casino here. This rate was eventually lowered as a way to make things more appealing for potential operators.

Location then became a major issue. City officials were finding it difficult to find the most ideal spot in Chicago to host this new property. There are still a few possible locations being considered throughout Chicago.

There is now some real progress being made to open a real casino in Chicago. Mayor Lori Lightfoot claims she wants to choose a winning bidder to host this new casino before the end of the year. Companies can begin sending their proposals to operate this venue in April.

“This is taking too long,” Lightfoot said of the process. “I’m an impatient person by nature. This has been a long time coming. We are not going to undercut this opportunity.”

Analysts believe that a casino in Chicago will help to significantly boost tourism into the city. The revenue earned from this venue will also help to fund various state programs. It seems to be a win-win situation and officials now want to move forward with the plans to get this property operational.

We’ll be sure to offer more updates on this venue over the next few months.

Illinois’ Sports Betting Industry is Quickly Expanding

Legal sports betting finally arrived in Illinois on March 9, 2020. It has grown exponentially since that time thanks to looser rules on online sportsbook registrations. Illinois is now seeing regular increases in its sports gambling revenue.

$581.6 million was placed on sports bets here in January. That makes Illinois just the fourth state in the country to have a monthly sports betting handle surpassing $500 million. Sportsbooks earned $49.4 million in taxable revenue.

Most experts expect to see a significantly larger handle in February. This year’s Super Bowl will likely be the most-bet-on sporting event in history. Illinois will almost surely see its largest handle and revenue figures to date.

This state is clearly going all-in on its gambling industry. Sports betting is proving to be extremely profitable every single month. Several new casinos will soon begin operating throughout Illinois, as well.

It seems likely that we will see a real casino in Chicago open its doors within the next few years. Lori Lightfoot is being proactive at getting this process complete. Hopefully, the entire US casino industry is in a much better place by the time this property opens its doors.

Are you excited to see a new casino in Chicago? When do you expect to see it open? Let us know in the comments section below.

Lori Lightfoot Wants More Information on the Chicago Casino

Chicago City

It’s been more than a year since lawmakers in Illinois approved a measure allowing several new casinos to open in the state. Unfortunately, there have been serious delays getting these new gaming venues up and running. This week, Lori Lightfoot began asking for more information on the proposed Chicago casino.

Many have been excited to see this new property open its doors. There are still questions over who will operate it, though. Today, we’re going to talk about what exactly is happening here.

Let’s get into it!

The Casino Industry in Illinois is Now Shut Down

Casinos around the United States continue to face difficulties. As cases of Covid-19 increase, more states are implementing tougher restrictions on their land-based gaming industries. Some states are taking more dramatic measures than others.

Over in Nevada, casinos are being hit with new capacity limits and tougher health restrictions. Tourism rates in this state continue to fall this year. Many of the biggest casino companies here have recently begun to shift their hours to save money.

Illinois has taken even more intense safety regulations. Not long ago, Governor JB Pritzker announced that all commercial casinos in the state were being ordered to shut down. It’s not much of a surprise when considering the massive increase in infections here.

Gambling operators here are disappointed by this news. It was less than two years ago that the state government passed a new capital plan allowing several new casinos to open in the state. Now, this state’s casino industry is coming to a halt.

Several other states have taken similar measures in recent weeks. The US casino industry is struggling in a way we’ve never seen before and analysts are torn on when things will begin to turn around. Hopefully, the casinos in Illinois won’t be forced to shut down for much longer.

Many are now calling for more work to be done on the proposed gaming venue in Chicago.

Lightfoot Asks Developers for an Update on the Chicago Casino

Lori Lightfoot has supported the plan to open a new casino in Chicago for years. When the capital plan was approved back in 2019, many felt work would immediately begin on this gaming venue. As most know, this has not been the case.

There have been many delays getting this property up and running. Initially, there was trouble getting companies to express interest in operating this venue. The tax rates on this property were extremely high and pushed many casino companies away.

The tax rate was then lowered and several companies began taking a closer look. Location then became an issue. Lightfoot recently began asking potential developers for tips on where they would like to see this venue.

This week, Lightfoot began demanding more information on the Chicago casino. It now appears she is getting some answers. The majority of developers claim that this casino should be located in Downtown Chicago.

Lightfoot seems open to this idea. She understands that opening the casino Downtown would maximize tourism and revenue.

The Chicago Mayor recently claimed that the responses from developers “are indicative of the excitement and anticipation of this once-in-a-lifetime project. Thanks to the responses of nearly a dozen RFI respondents, we are not only one step closer to bringing the long-awaited Chicago casino to life but have the critical information we need to ensure this project will be a success.”

It seems that lawmakers in Illinois are working hard to get this venue up and running. Hope is that things are a little more normal by the time this casino is ready to begin accepting players.

Illinois’ Sports Betting Industry Continues to Bring in Revenue

Lawmakers in Illinois finally approved sports betting earlier this year. It was a long time coming. This state has one of the largest sports betting fan bases in the country and many felt Illinois could become a sports gambling hub.

That has proven true! Since the first sportsbooks launched here, revenue from this industry has been slowly increasing. It’s great news for this state that is in desperate need of more revenue. September proved to be a highly profitable month for the sports betting operators here.

Reports claim that the state saw $305 million in sports betting handle last September. That’s nearly double from August’s handle. Most expect these figures to increase as the months go on.

Illinois is benefiting from its regulated online sports betting industry. Unlike some other states, Illinois allows residents to choose from a number of popular internet sportsbooks. It’s good news, as land-based sports betting is completely shut down here right now.

There is a lot happening with the gambling industry here. We are likely to hear more information on the Chicago casino in the near future. Make sure to stay tuned for updates!

Are you excited to see the new casino in Chicago open its doors? When do you expect this gambling property to open? Let us know in the comments section below.

Could a Temporary Casino in Chicago Open Next Year?

For more than a year, lawmakers in Illinois have been coming up with plans to open a new casino in the city of Chicago. It’s been a difficult process, yet things finally seem to be moving along. This week, several experts involved with the process presented plans to open a temporary casino in Chicago.Chicago City Skyline

It’s a unique idea, and one that Mayor Lori Lightfoot seems interested in. There’s still a long way to go before this new gaming venue can open, though. Today, we’re going to talk about when and where this casino could open its doors.

Let’s get into it!

Lori Lightfoot Continues Pushing for Chicago’s Casino Plans

Illinois won’t typically come up when thinking of major US gambling destinations. Based on the way things are going, however, that could change over the next few months. In 2019, Governor Pritzker approved a new capital plan that allows for several new casinos to open around the state.

There are several cities that have already gained approval to host one of these new casinos. To the surprise of everyone, lawmakers also approved a measure to allow a casino in Chicago. It’s set to be the first casino ever opened in this city.

Initially, lawmakers planned to set extremely high tax rates on this casino. This kept any casino companies from expressing an interest in operating this casino. Eventually, lawmakers decided to lower this tax rate to make things more appealing for these companies.

Location also became an issue. Officials within Chicago looked at several different areas for this new gambling property. Even today, it’s not entirely clear where the new casino will be located, although a few possibilities have been established.

Late last month, Mayor Lightfoot invited several major casino operators to discuss how they would run this new gambling venue. The mayor and her team wanted to hear more about how this property would operate from different companies. Analysts felt this would help these officials with the casino licensing procedure.

This week, several experts presented the idea to open a temporary gambling venue in this city. It appears that city leaders are interested in this idea.

Plans to Open a Temporary Casino in Chicago Are Being Presented

Many were interested to hear Lightfoot asking for plans to run the new Chicago casino. It’s clear that the mayor believes this gaming venue will benefit the city. Companies around the country have been offering their plans to run this casino.

Lightfoot also asked these company leaders to offer information on whether or not a temporary casino in Chicago would make sense. It seems that many feel this is now a good idea. One location is now already being considered for this venue, as well.

It’s now clear that this casino will open in the Downtown Chicago area. One group now believes that the Lakeside Center is the perfect place for this casino. It’s located near the water and some claim it was initially constructed with a casino in mind.

No one has confirmed this will be the location of this property. Lightfoot has not confirmed that this temporary casino will even open. If it does, however, many believe that the Lakeside Center is the perfect place for it to open.

Analysts predict that the new casino in Chicago will generate an incredible $6.6 billion in annual revenue. Unsurprisingly, city and state leaders want to get this venue open as soon as possible. We’ll need to wait and see if the Lakeside Center ends up being the location of the temporary casino.

Sports Betting Revenue Continues to Increase in Illinois

Back in May of 2018, the Supreme Court made history by striking down PASPA. It was a monumental decision and gave every state around the country the ability to legalize sports betting. Today, 24 states have legal sports betting bills approved.

Illinois officially made sports betting legal in March of 2020. Both land-based and online sports wagering is allowed here. As the months go on, revenue from this industry has been gradually increasing.

Soon, a new sportsbook will open its doors at Wrigley Field. It’s one of the first sportsbooks to open inside a major US professional sports arena. It’s clear that the state’s government officials are embracing this industry.

Sports gambling is growing more popular around the world. Many states are now looking into the possibility of opening sportsbooks inside their stadiums. We’re likely to hear more about this situation over the next few months.

Illinois is slowly becoming a major gambling destination. If everything goes according to plan, we could see a temporary casino in Chicago sometime next year. The real casino here may open its doors a year later.

Do you think a temporary casino makes sense for the city of Chicago? Where do you think it should be located? Let us know in the comments section below!

Lori Lightfoot Wants More Information On the New Casino in Chicago

A little over a year ago, lawmakers in Illinois approved a new measure to allow several more casinos to open around the state. One of these casinos will open in the city of Chicago. This week, Mayor Lori Lightfoot began asking potential developers for more information on the new casino in Chicago.Chicago Mayor Lori Lightfoot

It’s been a long road trying to get this new casino up and running. That’s particularly true now that the global pandemic has shut down casinos around the country. Today, we’ll look at what this new move from Lightfoot means for the Chicago casino.

Chicago Casino Continues to Face Delays Opening

Over the years, Illinois has grown to become a popular casino destination. Lawmakers began taking a closer look at how much revenue was being earned at the gaming venues here. Many called for an expansion and looked at which cities would be willing to host new casinos.

In June of 2019, Illinois Governor JB Pritzker officially signed a new capital plan that allows for six new casinos to open around the state. Hope is that the revenue earned from these venues can go towards many of the state’s upcoming infrastructure projects.

One of the most interesting points of this new plan was opening a new casino in Chicago. This would become the first legal Class III gambling venue to ever open in “The Windy City.” It quickly became clear that doing so would be difficult, though.

Illinois set an unusually high tax rate on this proposed casino that kept potential operators away. Most felt it would be impossible to make a profit. Eventually, lawmakers agreed to lower this tax rate to better cater towards casino companies.

Location also became an issue. Several different areas were looked at to host the new casino in Chicago. None were overly appealing to potential operators of the casino. It’s still not entirely clear where this property will be located.

City officials are interested in finding out which companies want to run this casino. Lori Lightfoot is now inviting potential developers to speak about their plans.

Developers Are Invited to Speak About the New Casino in Chicago

State leaders are eager to get Chicago’s new casino up and running. Illinois, like many other states, is desperate for money right now. Additional revenue from the casino industry will be hugely beneficial.

This casino can’t be rushed, though. Officials still need to know how exactly different companies plan to run this exciting new venue. This week, Chicago Mayor Lori Lightfoot invited potential casino developers to speak about how they plan to run the new casino in Chicago.

Lightfoot released an official statement confirming the push to open this casino.

“After securing favorable legislation that had eluded us for decades, Chicago can finally pursue a once in a generation opportunity to bring a casino to our city, generating hundreds of millions in new gaming revenues to shore up the City’s pension obligations and drive huge levels of infrastructure funding in Illinois as well as creating thousands of new and much needed jobs for local residents,” she said. “This is the right time to begin having these discussions as we continue to lay the foundation to make a strong recovery from the impacts of the COVID-19 pandemic.”

Lightfoot is asking these developers nine different questions related to how they will run this property. That includes questions on how big the casino will be, and what amenities it will include. The mayor and other city officials will then have a better idea as to which company should operate the new casino in Chicago.

Another main focus will be on where this casino should be located. Lightfoot hopes that the invited developers will have some helpful ideas. We’ll continue offering updates on this meeting over the next few weeks!

What’s Going On With Illinois’ Sports Betting Industry?

In May of 2018, the US Supreme Court officially removed PASPA, a set of laws that prohibited sports betting in all states aside from Nevada. Doing so immediately gave every state the ability to legalize this form of gambling. Now, more than two years later, 18 states now have legal sports betting options available. Several more will launch these options soon.

Illinois officially launched its sports betting industry on March 9th of 2020. Both online and land-based betting is available. Eventually, in-person sports betting will even become available inside the state’s many sporting arenas.

The timing for this launch certainly wasn’t ideal. In March, nearly every major sports league around the world shut down. It wasn’t until May that sports slowly began to come back. As a result, revenue earned from this industry is very low.

Things are improving, though. Governor Pritzker recently revoked a measure that required bettors to register in-person before placing bets online. Experts feel this will increase monthly revenue by millions of dollars.

Nearly every state around the country has looked into the regulation of this industry. Many are protifing massively already. In time, almost all states will have some form of regulated sports gambling options available.

Are you excited to see the new casino in Chicago constructed? Where do you think it should be located? Let us know in the comments section below!

Lori Lightfoot Offers an Update on Chicago’s Casino Plans

As June approaches, the US casino industry is slowly getting back on track. More gambling venues are starting to open their doors and revenue is starting to flow in. This week, Mayor Lori Lightfoot offered an update on Chicago’s casino plans.

Lori Lightfoot At Press Conference

Chicago remains one of the worst-hit cities in the United States from the coronavirus. Things have been very slow to open up here. Today, we’re going to discuss when we might see the first casino in Chicago open its doors.

Illinois’ Expanded Casino Plans Are Put On Hold

Illinois isn’t typically thought of as a US gambling hub. Over the past few years, however, lawmakers in this state have begun to see the potential in this industry. Back in June of 2019, state officials approved a new Capital Plan that allows for five new casinos to open up.

That includes a new casino in Chicago. Many politicians here believe that opening a casino in this city will help to boost tourism and bring in a huge amount of revenue. Unfortunately, high tax rates have made it difficult to find a company willing to operate a gambling venue here.

These plans are now being put on hold. As the global pandemic hit, officials in Illinois decided to delay construction on these venues. It’s still not entirely clear where in Chicago this new casino will be constructed.

Not all forms of gambling are completely shut down here, though. In March, lawmakers officially legalized sports betting. Both online and land-based sports wagering options are now available in the state.

Things seem to be improving around the country. As we already mentioned, many states are already opening up their casino industries. This week, the Mayor of Chicago talked more about opening the proposed casino in Chicago.

Mayor Lightfoot Gives An Update On Chicago’s Casino Plans

Many were excited to hear that a casino was being planned for Chicago. Illinois is known for having a large gambling fan base. Despite the trouble finding a company to run this new gaming venue, most felt it would be highly successful.

Mayor Lori Lightfoot recently spoke about building this new casino. She feels that it should become part of a much larger “entertainment complex” built within the city.

“I see this as a large entertainment district — not just the box of a casino. In order for us to maximize this once-in-a-generation opportunity that the General Assembly has given us and to maximize the opportunity for revenue, for jobs, for long-term economic viability of the city and, of course, to address our pension debt, we‘ve got to be thoughtful and intentional about what we’re designing so it’s something that attracts people from all over the world,” she said.  

Lightfoot went further, claiming that she and many other city officials want to see progress made.

“That’s what I see. Chicago is a global city. We need a world-class entertainment district, of which a casino is a part, but not the entirety. So there’s a lot of work that needs to be done between now and then and we’re anxious to get started.”

It was exciting to hear this update on Chicago’s casino plans. Unfortunately, Lightfoot is still unwilling to reveal where this gaming venue will open its doors. We’re likely to hear more about the opening of this casino over the next few weeks.

Nearby States Begin Looking to Reopen Casinos

It’s not entirely clear when the casinos in Illinois will open back up to the public. Covid-19 infection rates remain high in this state. Many lawmakers are beginning to take a closer look at getting the state’s gaming industry running again, though.

Some nearby states have recently announced they plan to reopen their casinos. That includes Missouri. This week, state leaders announced that two casinos in the St. Louis area are scheduled to open up this weekend.

Until Illinois’ casinos open, many gambling fans in this area are likely to play inside these Missouri gaming venues.

Incredibly, the casinos in Las Vegas are scheduled to open up next week. It was a long and difficult road to get these plans approved. Governor Sisolak seems content with the safety measures set in place and is allowing several major casino-resorts to open their doors on June 4th.

Lori Lightfoot has just offered an update on Chicago’s casino plans. She wants to see an entire entertainment center built in this city. When and where this casino-resort will be constructed is still unknown.

Are you excited to see a casino built in Chicago? When do you expect this to happen? Let us know in the comments section below.

Sports Betting Options in Illinois Are About to Launch

For months, lawmakers in Illinois have been working to expand the state’s gambling industry. New casino and sports betting options in Illinois are becoming available. According to new reports, this state’s first sportsbooks are set to launch this month.Flag Of Illinois

It’s exciting news for sports fans here. Today, we’re going to look at what new gambling options are coming here. We’ll also discuss when Illinois’ sportsbooks will finally launch.

Let’s get into it!

Illinois Lawmakers Push For Gambling Expansion

A huge number of states around the country are currently working to expand their gambling industries. Much of this process began after the Supreme Court decided to remove PASPA. Doing so gave every state the ability to set its own laws on sports gambling.

This led to many states changing their set of gambling laws. Lawmakers began to realize how much money could be earned from this industry. Within just months of PASPA being removed, New Jersey and Delaware already had their sports betting options up and running.

States began looking into new casino regulations, as well. This includes Illinois. Back in June, officials in this state presented a new capital plan that allows for five new casinos to open up.

This includes a casino in Chicago. Officials immediately began looking at sites for this new venue. Unfortunately, the tax structure set for the Chicago casino was unusually high and kept many companies from wanting to enter into this city.

Within the next few years, several new casinos will officially begin operating in this city. Now, reports indicate that sports betting options in Illinois are set to launch in the coming days.

Sports Betting Options in Illinois Will Become Available For March Madness

The NCAA Men’s Basketball Tournament, also known as March Madness, is one of the most-watched sporting events in the country. It draws in millions of spectators to watch the top collegiate teams compete for the championship. Unsurprisingly, it’s also one of the sporting events that draws in a huge number of bets.

It seems like officials in Illinois want to take a piece of the revenue that will be wagered on the tournament. According to the Chicago Tribune, the first sports betting options in Illinois will officially become available in time for March Madness. The Illinois Gaming Board approved a sportsbook to open at Rivers Casino on Monday.

Dan Nita, regional president of Caesars Entertainment, parent of an Illinois casino called Horseshoe Hammond, spoke about how this may affect the state’s gambling industry.

“Obviously, just from a pure supply and demand standpoint, that will definitely have some degree of impact in guests having more choices,” he said.

Illinois will officially become the 15th state to have live, regulated sports betting. We’ll need to wait and see how successful the industry is here.

Chicago Casino is Still at a Standstill

Illinois has gradually become a popular gambling destination. There are many casinos spread around the state, many of which offer a huge range of different games. Under the new capital plan, five new casinos will open in different parts of the state.

As we already mentioned, a casino-resort will open in Chicago. At first, many predicted this would be one of the most successful gambling venues in the midwest. Unfortunately, lawmakers have set unusually high tax rates for the casino, forcing many gambling operators to turn their heads away.

Mayor Lori Lightfoot continues to push for this casino to open. She believes it will help to bring the city and state valuable revenue. Unfortunately, this property remains at a standstill.

In other parts of the state, casino plans are coming together. It’s beginning to look like Rockford and Waukegan will soon welcome new properties.

Sports betting options in Illinois are launching in just a few days. It will be interesting to see the state’s gambling industry expand as a result. Make sure to stay tuned for updates over the next couple of months!