“They already have regulators in place,” said Richard Schwartz, CEO of Chicago-based online gambling company Rush Street Interactive. The executives said states such as Illinois, which saw rapid growth in sports betting after legalizing it in 2019, already possess the necessary infrastructure and regulatory systems to profit off the games. Illinois would be the seventh state to legalize online casinos.
A safer bet for Illinois’ state workers would be constitutional pension reform.Įxperts predict Illinois could soon legalize internet gambling, allowing residents to bet on virtual casino-style games such as slots and roulette while raising an estimated $273.7 million a year in new tax revenue for the state.Īn East Coast Gaming Conference panel of executives said Illinois, New York, Indiana and Iowa could all pass iGaming legislation soon.
Illinois to legalize internet gambling, executives predictĪ new report predicts legalized internet gambling would generate $273.3 million a year in new revenue for Illinois.
