According to the latest monthly revenue report from the Illinois Gaming Board, the state’s 12 land-based casinos reported combined adjusted gross revenues (AGR) of $128.1 million during the month of April.
The latest figures represent a jump of 4.5% over the $122.5 million reported in April 2022. This brings the year-to-date AGR total to $487 million, a 15% increase on 2022’s AGR for the first four months of the year and a 12% increase on 2019’s pre-pandemic figure of $433 million for the same reporting period. It’s also the highest AGR figure reported for the first four months of the year since 2014.
Casinos generated $22.6 million in taxes for the month of April. This means that in the first four months of 2023, the state has collected just under $100 million in taxes from casinos alone.
The Board also revealed that casino attendance is at its highest level since 2018. In the first four months of the year, nearly 3.4 million people have visited the state’s casinos. This is just short of the 3.5 million for the same reporting period in 2018.
The latest revenue numbers have been helped by the launch of the temporary casino in Waukegan which opened on February 17th.
The market leader for the month was once again Rivers Casino which posted AGR of $45.3 million. Grand Victoria Casino was next with $13.6 million in AGR closely followed by Harrah’s Joliet Casino & Hotel with AGR of $12.2 for the month.
Sports betting revenues figures are currently only available up to February of this year when the state’s sports betting operators reported accepting $875.4 million in wagers. This was the first time in five months that the state sports betting handle failed to reach $1 billion.
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.