Officials: Casino Revenues Dropping
AURORA, Ill. (WBBM) — Illinois Gaming officials say casino revenues have fallen about 32 percent in three years.
As WBBM Newsradio 780’s Bob Conway reports, Aurora and Elgin have seen lower tax revenue over the last few years, and Aurora city spokesman Kevin Stahr says the city has been forced to end capital improvement projects.
LISTEN: Newsradio 780’s Bob Conway Reports
Nonprofit groups in Elgin that have funding linked to the local riverboat casino have seen less money. Officials blame about 20 percent of the drop in casino revenue on the statewide smoking ban. The rest is because of the economic downturn.
Elgin’s $26.8 million in casino proceeds in 2008 fell to $22.15 million the next year.