Hey, sorry to hear about your gambling losses.
The legislature passed (and the governor signed) something close to that deal last summer. It was loaded up with a jackpot of benefits for entrenched gambling industry owners—a massive expansion that more than doubled the number of gaming positions in the state and lowered taxes on existing casinos, but it guaranteed the city 33.3 percent of adjusted gross revenues.
“I think Mayor Lightfoot has caved in to the gambling lobbyists and to their little game of continually lowering their own taxes,” Kindt told me. Chicago should look to Canada, where the government owns most of the gambling facilities, he says. “The same companies complaining that their taxes are too high in Illinois are working on management contracts there, and happy to get a small management fee.”
