By Monte Larrick | 03.02.17One of the Illinois General Assembly's top budget minds is offering some common sense ideas on how the state can return to fiscal sanity and once again become a go-to state for business.
By Anita Bedell | 03.01.17Yesterday, the Illinois Senate put two amendments on SB 7 -a massive gambling bill- and then called the bill for a vote without a committee hearing. This proposal authorizing casinos in Chicago, Rockford, Danville, Lake County, south suburbs of Chicago, Williamson County and 4 casinos at racetracks. It is important to note that this legislation would legalize a city-owned casino for Chicago with a perpetual license that cannot be revoked or suspended. No other city in the United States owns a casino.
By Monte Larrick | 02.09.17An expert on the social costs of gambling says more gambling in Illinois is not a revenue solution for the state's bleak financial future. Professor John Kindt maintains more gambling will only add to the state's fiscal troubles, while making lots of money for the "insiders."
By Anita Bedell | 01.27.17The Illinois State Senate Gaming Committee recently heard testimony on SB 7, the massive gambling expansion bill. There were many questions from members of the committee asking sponsor Illinois Sen. Terry Link (D-Gurnee) to make changes to the bill. The Senate moved SB 7 to third reading so it can be called for a vote at anytime now. Illinois Sen. Dave Syverson (R-Rockford) filed Senate Amendment 2 to SB 7 to include slot machines at Chicago airports for passengers who at least 21 years of age and members of a private club.
By Anita Bedell | 01.18.17Democratic Senate President John Cullerton and Minority Leader Christine Radogno negotiated an ambitious plan to end the budget impasse. Promising to act on a package by month's end, they introduced 13 measures that included sweeteners that are not budget-related for both sides.
By John Biver | 12.12.16The Chicago Tribune reported this last Friday on the dubious goings on at the Illinois Lottery: A Tribune investigation found the Illinois Lottery collected hundreds of millions of dollars from selling tickets to instant games in which it did not...
By Kathy Valente | 05.02.16Attorneys General in 11 states, including Illinois, have said that Daily Fantasy Sports is illegal gambling. With HB 4323, it will become legal. HB 4323 would be a massive expansion of gambling into every home, dorm room and office. Under...
02.06.16Americans do seem to like gambling. Look at all the people who raced to the local convenience stores to buy a ticket for the recent Powerball. State lotteries still seem to be going strong. Many analysts believe that as much as $120 million might be bet on the Super Bowl.
01.11.16No one won this week’s Powerball jackpot, which means the jackpot will roll over [to an estimated $1.3 billion]— the largest lottery prize in U.S. history. According to the Associated Press, Powerball is played in 44 states, the District of Columbia, the U.S. Virgin Islands and Puerto Rico. But who is funding the game?