The state's Commission on Government Forecasting & Accountability (COGFA) recently issued an update on the Illinois gaming industry. The COGFA report states that revenue generated by slot machines at race tracks would make horse racing more competitive with neighboring states, and would help sustain the industry in Illinois.

From page 64 of the report:

"...having this other source of revenue would give Illinois horse tracks a
secondary source of income needed to offer competitive purses, which should help
sustain horse racing in Illinois. Without this additional source of revenue, the horse
racing industry will likely see its dramatic declines continue. And without the
ability to compete with other states, many fear that the pressure on some Illinois
horse tracks to close for good may become insurmountable."

For the full report: Click here
OFFICIAL STATMENT FROM THE ILLINOIS REVENUE AND JOBS ALLIANCE:

We missed an opportunity today to add 20,000 new jobs and generate more than $1 billion in one-time licensing fees and more than $200 million in new annual revenue. Despite efforts that would have satisfied the Governor's call for tighter restrictions and additional oversight, fiscal relief for the state has now been further delayed. Our leaders in Springfield are committed to getting us back onto steady financial footing and providing more economic opportunity to Illinois residents. We're confident that they will do what is necessary so the state can benefit from sorely needed jobs and revenue.

Former State Representative Bill Black, Chairman, The Illinois Revenue and Jobs Alliance


"The Illinois Revenue and Jobs Alliance commends the leadership demonstrated today by the Illinois House of Representatives. With the tens of thousands of jobs and the hundreds of millions in new revenue that the passage of SB 1849 will create, our state has now officially taken the first step on the road to financial recovery. Thank you to our House members in Springfield and to Representative Lou Lang and Senator Terry Link for working so hard to get this done. We hope now that members of the Illinois Senate will act in kind."

-Rep. Bill Black, Chairman, The Illinois Revenue and Jobs Alliance
BY KEVIN McDERMOTT

UPDATE, 1:20 p.m.: State Comptroller Judy Baar Topinka, a Republican and the state's chief fiscal officer, came out today with a statement supporting the slots-at-the-tracks proposal, and also supporting an increase in the state's cigarette tax. She said the state's $8.5 billion backlog of unpaid bills makes it necessary.

From the statement: "I am not inclined to support any tax or fee increases, but can back the cigarette tax provided that critical spending cuts are made and much-needed support of the horse racing industry is passed. Our biggest problem in this state is spending, and that has to be addressed. But the reality is that increased revenue also has to be a part of balancing the budget, and this compromise accomplishes that as well."

SPRINGFIELD, Ill. · Are "slots at the tracks" back in play in Illinois?

The on-again, off-again proposal to allow Illinois horseracing tracks to host slot machines may be under discussion in state budget negotiations. Democratic Gov. Pat Quinn has been a hardcore opponent of the idea, and he still hasn't endorsed it. But during one closed-door meeting with legislative leaders this week, he reportedly declined to reiterate his earlier entrenched opposition.

Capitol Fax, a Springfield political newsletter, reported on the meeting this morning, citing unnamed sources. We asked the Administration to knock it down, and they wouldn't. In an emailed response, Quinn's office called the slots proposal a "distraction"?but didn't reiterate the flat-out opposition (and veto threat) that Quinn has previously expressed on the issue.

We asked a second time if Quinn is still completely opposed, and got the same non-answer.
"We're hearing the same rumors," said Tony Somone, executive director of the Illinois Harness Horsemen's Association. "We're cautiously optimistic."

Fairmount Park in Collinsville is among those pushing the slots-at-the-tracks plan. It appeared headed for full passage through the Legislature last year but stalled after Quinn said he would veto it. "We have no interest in our state becoming the Las Vegas of the Midwest," Quinn said at the time.

The state now faces another tough budget year, with unpaid bills, looming pension and Medicaid debts, and limited revenue options after having recently raised the state income tax. The slots proposal was presented as a way to rescue the struggling horseracing industry while providing a new revenue stream to the state, which would tax the slot profits.

The Legislature is scheduled to adjourn for the summer on May 31.
Representatives from the Illinois' organized labor and business communities throughout the state detail the importance of passing SB 1849, a gaming solution that would create more than new 20,000 jobs.
The Illinois Revenue & Jobs Alliance released a poll earlier this week.
The results confirmed that Illinois voters strongly support a gaming solution that would generate $200 million in increased annual state revenue and create more than 20,500 jobs.

Findings included:
74% prefer finding new revenue sources to raising taxes or cutting gov. programs.
62% support the overall gaming solution laid out in SB 1849.
70% of Collar County voters support the bill.
68% of Northern Illinois voters support the bill.
61% of Southern Illinois voters support the bill.
60% of Cook County voters support the bill.
54% of Central Illinois voters support the bill.

In terms of how voters view the different components of SB 1849, the results were:
69% support increasing the number of slot machines on Illinois riverboats.
68% favor adding slots to the state's six existing racetracks.
64% support authorizing four new riverboat casinos throughout the state.
62% support a land-based casino in Chicago.

The survey of 800 likely Illinois voters was conducted April 10-12 by Public Opinion Strategies.
The Belleville News Democrat reported on the IRJA's economic impact study, focusing on Farimont Park in Collinsville, the state's only Southern-based horse-racing venue.

The Metro-East track has struggled to compete for gambling dollars as markets in St. Louis have expanded gaming options. Fairmont Park President Brian Zander said the positive economic figures in the report should serve as an incentive for Illinois to recapture those dollars during tight budget times.

"What really stands out is the number of jobs that would be created, the permanent jobs and the part-time construction jobs," Zander said. "Also, if you look through this bill that this study analyze, there are millions, hundreds of millions of up-front fees that we pay that would be an addition to ongoing revenues. Again, this is a state that really needs the money."