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 The Illinois House of Representatives has passed a gambling expansion bill to bring a casino to Chicago. The measure, which is supported by Chicago Mayor Rahm Emanuel, passed was by a vote of 65-50. Similar bills have been passed in the senate before, so the bill is expected to make it through the Senate on Tuesday.
"I don't think the state's going to turn down an extra billion dollars a year in annual revenue, plus putting a lot of people to work," said the senate sponsor of the bill, Democratic Sen. Terry Link.
The bill, which will allow for four additional casinos in Illinois and slot machines in racetracks and at Chicago's two airports, is expected to generate $1.5 billion up front in licensing fees, plus $500 million to $1 billion in annual gambling revenues. The bill will provide crucial funding for public programs like education and create much needed jobs in the area.
It is unclear at this time whether or not Governor Pat Quinn will be willing to sign the bill into law. He has said that he is open to a Chicago casino, but has expressed concerns about further gambling expansions in the state. He has said that he is open to proposals to raise revenues and create jobs but he has yet to take a stance one way or another on the bill.
As always, stay tuned to Casinofan for more news and updates.
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