April 4, 2005

Illinois Casino figures released

The AP has a couple of informative articles which lists interesting stats on Illinois' nine casino operations.

The first lists the casino's hometown, when it was first licensed, which waterway it's located on, its gambling space, gaming positions authorized, number of employees, and admissions in 2004.

The second article lists changes in admissions, adjusted gross receipts (money the boats take in minus the winnings they pay out), state tax revenue and local tax revenue.

It also notes that Illinois taxes riverboat gambling at a rate of nearly 70%, double the second highest rate, in Indiana.

Here is the data for Casino Rock Island

-- Hometown: Rock Island
-- First licensed: May 1992
-- Waterway: Mississippi River
-- Gambling space: 17,200 square feet
-- Gaming positions authorized: 737
-- Employees: 404
-- Admissions in 2004: 753,945

-- 2002:
Admissions: 854,047
Adjusted Gross Receipts: $40 million
State Tax Revenue: $6.4 million
Local Tax Revenue: $2.85 million

-- 2003:
Admissions: 780,044
Adjusted Gross Receipts: $39.4 million
State Tax Revenue: $7.42 million
Local Tax Revenue: $2.75 million

-- 2004:
Admissions: 753,945;
Adjusted Gross Receipts: $38.3 million
State Tax Revenue: $7.04 million
Local Tax Revenue: $2.67 million

-- Change:
Admissions: -11.7 percent
Adjusted Gross Receipts: -4.2 percent
State Tax Revenue: +10 percent
Local Tax Revenue: -6.5 percent

The changes over the last three years are interesting.
Admissions down 11.7 percent, yet the money taken in less the money paid out has only gone down 4.2 percent.
But notice the 10 percent jump in State revenue from the boats, while at the same time the local revenue is down 6.5 percent

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