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Gambling Not Doing Well in State
With a slump in the economy, Illinois' casinos aren't faring well.

According to the latest report by the Commission on Government Forecasting and Accountability, the legislature's forecasting department, gambling revenue for Fiscal Year 2009 was down from 2008 and is projected to fall further in Fiscal Year 2010.

Senior analyst Eric Noggle says after three consecutive years of growth, adjusted gross receipts from Illinois casinos have fallen 24.4 percent over the last two fiscal years.

The Fiscal Year 2009 adjusted gross receipts total of $1.48 billion was the lowest level since Fiscal Year 1999.

Noggle says reasons for the decline include the struggling economy, increased competition from other states and the indoor smoking ban. The report says that since the indoor smoking ban began in January 2008, adjusted gross receipts for Illinois riverboats have fallen over 20 percent.

(Illinois Radio Network)
12 13 09 by Newsroom
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