Tuesday, March 16, 2021

Illinois Video Gaming Income Revenue Generation

 The benefits of Illinois video gaming and adding slot machines and games to your place or establishment include access to new markets and high customer retention rates. In addition, using the Gaming Video Law Illinois to add a video slot machine to your place or establishment helped increase Illinois’ economic stability.

 

Small business throughout Illinois enjoys an economic improvement thanks to video games. However, Illinois currently does not allow video games. But there are many benefits that can occur if Illinois decides to finally choose video gaming.

 

Illinois video gaming increases small businesses

The formation of the average video game in Illinois produces $ 60,000 per year in gaming revenue video. It is an additional $ 60,000 per year that can be used by companies to help pay their bills, invest into other fields of their business or spend for marketing and promotion. There are many businesses in Illinois who will definitely benefit from an additional $ 60,000 in annual income.

 

Generate more jobs

Choosing to allow video games will also help create additional work in the area. Many companies with video games need to rent additional staff to monitor their game rooms throughout the day. With an additional $ 60,000 in the annual income business (the above reference) can pay for additional staff and create jobs in their business or as an alternative, use the money to help businesses float and ensure employees maintain their work.

 

Income for Illinois

Five percent of all clean terminal income (NTI) from video games in Illinois immediately returned to the city. According to data from the Illinois playboard, in 2018 - cities in Illinois produce $ 75,000,000 from video game revenue, with the largest city that received more than $ 1.7 million in revenue. So far Chicago is the largest city in Illinois with 2.7 million people, with Aurora coming to relax with 199,000. Only in time, it is likely that the number of video gaming companies and the number of people playing slot machines in Chicago will be bigger than other cities in Illinois. And therefore, the amount of income Chicago will be able to produce from Illinois video gaming will be greater than the most successful cities in Illinois today.

 

It is millions of dollars of additional income, the city of Chicago can be used to improve infrastructure, invest in schools, invest in business or other ways, they want to benefit the city and residents.

 

At the end of FY 2019, Illinois has 32,033 video gambling terminals, more than other countries with video gambling that is passed outside the casino. In total, the terminal brings taxable income of nearly $ 1.6 billion, generating $ 478 million tax revenues for state and local governments. The number of terminals in the operation and tax revenue collected from video gambling terminals has increased every year since their legalization.

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