Bill > SB1410

This bill amends the Illinois Gambling Act to establish a revenue-sharing mechanism for certain municipalities related to gaming tax revenues from a casino in Des Plaines. Specifically, the bill defines "authorized payments" as the share of gaming tax revenues that Des Plaines provides to the holder of the tenth casino license to encourage them to establish a gaming facility in the city. During the period of required authorized payments, Des Plaines agrees to share 40% of its gaming tax revenue after making those initial payments, minus amounts already received by specific municipalities from casino proceeds. The revenue will be distributed among eleven municipalities: Chicago Heights, Dixmoor, Ford Heights, Harvey, Hodgkins, Markham, Phoenix, Riverdale, Robbins, and Summit. The bill stipulates that each municipality's allocation will be proportional to its population and will be reduced by any proceeds already received from the specified casino. This legislation aims to provide financial support to these municipalities through a structured revenue-sharing arrangement tied to the local casino's operations.

Government Affairs

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1410&GAID=18&DocTypeID=SB&SessionID=114&GA=104