Video gambling is taxed at a flat rate of 30 percent regardless of how much the industry makes. The Administrator concluded by stating that the combined (video gaming, sports wagering and casino) gaming industry total tax revenue for January 1 through December 31, 2021 (exclusive of December sports wagering amounts) is approximately $1. More casinos. State’s revenue from gambling nears $2 billion in fiscal 2023. 5% of its net win. 2160 New SectionIn an industrywide survey of game professionals last month, just 3% of the more than 3,000 participants said the 70-30 revenue split was justified. Nick Jaworskyj, tech supervisor at Awesome Hand Gaming, sets. Updated 08/14/2007. 3% annual increase. One of the locations is at Mike and Denise's Pizzeria. Commission on Government Forecasting and Accountability COMMISSION CO-CHAIRS Senator Heather Steans Representative C. The state took 30 percent off the top, leaving about. Tribal Casinos. 57435%. You can easily find out revenue information on the Illinois Gaming Board website for your slot machine location, as well as the municipality and statewide data. 16 Billion. Increased Taxes. 7276%. ILLINOIS GAMING BOARD JB Pritzker • Governor Charles Schmadeke • Chairman Marcus D. Under the Illinois Video Gaming Act passed in 2012, the operators must split their proceeds evenly with the local businesses. 19 billion. CONCLUSION 92. According to the complaint, the expansion would create a spot. A patron plays a video gaming machine at Coz's Pizza in Mount Zion. Tap Room is now Illinois’ seventh-largest video gambling operator, providing slot and poker machines to nearly 300 locations, according to an analysis of gaming board data. when the costs are equally split between the terminal operator and video. 2120 New Section 1800. Casino tax revenue is a benefit. The state’s share of tax revenue fell by $56 million to about $342 million, despite increasing the video gaming tax rate from 30% to. The State collects license fees and video gaming taxes from video gaming terminals at locations throughout the state. 2140 New Section 1800. Since it began in 2012, video gaming has mushroomed. The new gaming legislation led to changes in taxes that are imposed on licensees. Illinois law prohibits this as well. Casinos have been allowed in Illinois for more than 30 years, but legislation legalizing video gaming didn’t come until 2009. Gaming Locations. The lottery is still the state’s biggest source of wagering revenue but video terminals in. Access information about monthly revenue data for Video Gaming statewide, by municipality, or establishment. The VGTs are all connected to and monitored by a Central Communications System. Electronic Arts (EA) net bookings as of Q2 2024, by platform; Share of households using consoles to play video games in New Zealand 2013-2021; WeMade sales revenue worldwide 2015-2022The rest is split evenly between the businesses hosting the gambling and machine operators. 8513% of the profits go to the Central Communications Service. In December, the Illinois Legislature passed new rules that require all fees to be split evenly between the local bars and the "terminal operators" – the companies that own and supply the gambling machines. For inquiries regarding video gaming disbursements, please call 217-524-0226 or send an email to [email protected] Gaming Board Meeting Schedule and Documents Access information about the Illinois Gaming Board Meeting dates, minutes and audio. $500 for one year. From our outstanding record of improving our locations’ gaming revenue to our superior customer service, we value our locations as our partners in. The tax on gaming establishment revenue has gone up from 30% to 33%. Your terminal operator cannot pay you more than this amount. Revenues to state coffers rose from $638 million to $786 million. The revenue from the COAMs is split by law between the location, a Master Licensee (which owns and maintains the COAMs) and the State of Georgia. 7%. HOFFMAN ESTATES, Ill. The current tax rate imposed on video gaming terminals’ (“VGTs”) net terminal income is 30%. commercial gaming revenue reached an annual record of $60. Board members are tasked with, among other things, reviewing applications for gaming licenses and making approval determinations, as well as renewing and revoking current licenses when appropriate. Issue 1: Most states tax adjusted casino revenue and use the taxes to fund state and local programs. For completeness, here is the revenue split by Microsoft’s segments. This new rule brings welcome definition and clarity to what constitutes an inducement in the video gaming industry. There are many similarities between the Georgia COAM market and the Illinois video gaming market. Revoked Licenses. The study, released in November 2022, estimates that more than $4 billion in taxes are lost each year in the United States. It will still be a 50/50 split of the balance. March represented a new single-month revenue record with a revenue of $5. Illinois video gambling parlors must continue to split profits equally with terminal operators, Cook County Judge Neil H. As more gamblers turned to video slots and poker, the state’s cut of gambling profits dropped. 2130 New Section 1800. 17 Video Gaming Statistics by Illinois County 40 18 Video Gaming Statistics per County Population 41 19 Video Gaming Statistics by County Ranking 42. Illinois’ tax. Terminal Operator (Abraham Gaming) receives 34. Lottery still top revenue source but video gaming rises most. 5 percent of gaming revenues in the leading gaming markets in Europe were. 5% for all VGTs at retailers, the lowest report win% every for Illinois. The easiest way to understand gambling in Illinois is that all gambling is illegal unless specifically allowed by the Criminal Code. Earliest revenue data was reported for March 2020 . Scientific games receives . If enacted, Illinois will increase its gaming positions to approximately 39,000, excluding video gaming. Year-on-year growth is 10% and analysts made predictions that in 2019 revenue would top $152 billion. i EXECUTIVE SUMMARY This report is the Commission’s 2020 edition of Wagering in Illinois. dollars. $97. dollars) [Graph], American Gaming Association, May 16, 2023. 7% from the previous high, set in 2019, when the Prairie State generated $1. See all New York Reports. Can you believe that video gaming has been legal in Illinois for ten years already? It seems like just yesterday the Video Gaming Act was only a far-off dream for Illinois politicians. revenue to the video gaming location; or ii) within 60 days. The Illinois Gaming Board (IGB) reported casino revenue totaling $114. On October 28, 2021, the Illinois House of Representatives voted to pass House Bill 3136 (“HB3136” or the “Bill”) which changes the. 8% to $814 million, the report said. The top five video gambling operators control nearly 50% of the market, reaping nearly $1 billion in revenue between 2012 and 2018, according to an analysis of gaming board data. Indiana has a 20 percent tax rate. Spending on esports is projected to surge at a compound annual rate of 18. However, municipalities’ cut was 5% then. Illinois Gaming Board - Video Reports. Currently, a location receives 45% of the revenue from each machine. Maximum bets placed on each machine will increase to $4 from $2. When looking at particular segment revenues. For information on video gaming, visit the Illinois Gaming Board's website at 230 ILCS 40/1 et seq. Rule 350 was approved by the Illinois Joint Committee on Administrative Rules (JCAR) at its February 17 th, 2021. Illinois Gaming: Changes to Illinois Casinos. 22 billion. "This is a big win for Scientific Games as Illinois could grow to be the largest video gaming network in the country with the potential for up to 60,000 terminals," said Brennen Lawrence, Vice. Net revenue generated from the machines is taxed at 30 percent. Nine of those cities have added more than 80 video gaming terminals since June 2018. 2) "Video gaming location" means any licensed video gaming location as defined in Section 1800. (b) Distributor. IGB. More than $7 million of that is income FJC gets to split with the. This article originally appeared on Illinois Policy . According to the latest figures from the Illinois Gaming Board, from January through October, Illinois has raked in more than $1 billion in gambling revenue from video gaming, sports wagering and casinos. Video gaming machines have been popping up in Illinois bars and restaurants for nearly four years. surpassed $85. Go to Service. With last year’s gaming expansion law, Illinois increased the tax on video gaming machines by 4%, putting the new tax rate at 34%. However, municipalities’ cut was 5% then and remains 5% now. In 2022, social and casual gaming revenue in the U. A person may not sell, distribute, or lease or market a video gaming terminal in Illinois unless the person has a. Sports betting in Illinois will soon be permitted at racetracks, large sports stadiums, existing casinos, and online. Fruchter • Administrator 801 South 7th Street ♠ Suite 400 South ♣ Springfield, Illinois 62703 tel 217/524-0226 fax 217/524-0228 March 1, 2022 Governor JB Pritzker Members of the Illinois General Assembly Greetings, On behalf of the Illinois. A portion of the tax is returned to local governments where the tax was collected. 15 billion. Licensed Establishments Linked to Terminal Operators. Illinois gambling laws encourage video gaming establishments to grow their business with Illinois slot machine revenue. Cory Aronovitz is the founder of the Casino Law Group in Chicago. CONCLUSION 92. The Illinois Gaming Board submitted this report to the General Assembly on March 30, 2023 that detailed the effect of removing non-cashable vouchers, coupons, and electronic promotions from the AGR calculation on net gaming revenues to the State in calendar years 2020 through 2022, the increase or reduction in wagerers as a result of removing non. Y. Illinois video gaming terminals generated nearly $2 billion in revenue in the fiscal year that ended June 30. (The completed affidavit must be emailed to IGB. The Prairie State is home to various gaming vendors and commercial. Full Compliance with the Illinois Video Gaming Act (230 ILCS 40). The State receives 29% of the NTI generated from each licensed VGT (of that, 5% goes to the local municipality). March represented a new single-month revenue record with a revenue of $5. Exit Conference The Illinois Gaming Board waived an exit conference in a. According to data from the Illinois Gaming Board (IGB), total adjusted gross receipts for February totaled $115,016,246. f) Record Keeping 1) A terminal operator shall maintain records of all goods and services it. The net terminal income of close to $195. Licensees. Gaming Win by Jurisdiction Page 19 Video Gaming Revenue Page 20 Alton Gaming Company Page 22 Par-A-Dice Gaming Corporation Page 25 Page 28 The Rock Island Boatworks, Inc. The Illinois Slot Machines Revenue is Split Between: State of Illinois: 29%. That’s not chump change. 07 billion was bet through IL sports betting apps in January. Gross Gaming Revenue $5. 8 million. In 2022, mobile games are projected to account for 50 percent of global gaming market revenues. Under the Illinois Video Gaming Act passed in 2012, the operators must split their proceeds evenly with the local businesses. At Crehan’s Irish Pub and Banquet Center in Belleville, the five video gaming terminals brought in more than $196,000 in net income in 2018. Revenue on slot machines in barsAs of Feb. In 2015, Illinois riverboats generated $196 million in revenue, down from an all-time high in 2005 of $699 million. The act permitted video gaming in establishments with an on-premise consumption liquor license. IGB. 36 billion for fiscal year 2021, which ended June 30, up 11% from the previous year, according to an annual wagering report. Video gaming machines have been popping up in Illinois bars and restaurants for nearly four years. 26 of an ordinance allowingwith electronic gaming devices, such as video lottery . casinos. The Illinois Gambling Act was enacted on June 28, 2019. The remaining 70 percent of the income is split evenly between the business that hosts the video gaming terminals and the terminal. Get in touch with us now. The top five video gambling operators control nearly 50% of the market, reaping nearly $1 billion in revenue between 2012 and 2018, according to an analysis of gaming board data. That is truly a staggering sum. Rock Island Mayor Dennis Pauley said the. 2110 New Section 1800. Pritzker has signed into law the far-reaching gaming expansion bill passed by the state legislature early in June, paving the way for the roll-out of regulated sports betting. 2020. Commission on Government Forecasting and Accountability COMMISSION CO-CHAIRS Senator David Koehler Representative C. According to the Administrator, there are 8,425 licensed video gaming locations operating in Illinois offering approximately 46,740 Video Gaming Terminals (VGTs). 0 million - 2020 tax revenue: $350. ILLINOIS GAMING BOARD NOTICE OF ADOPTED AMENDMENTS 1) Heading of the Part: Video Gaming (General) 2) Code Citation: 11 Ill. , regulates the operation,. Video games, pinball machines, and electromechanical games are the most common types of arcade games. By the end of FY 2018 (June 2018), 29,283 video gaming terminals were in operation across Illinois—up from 26,873. a great way to scale and build extra Illinois gaming revenue for your business!. The Illinois Gaming Board is the state regulatory and law enforcement agency that regulates all aspects of casino gambling, video gaming, and sports. Video gaming revenues for the City of Danville can total upwards of about $30,000 monthly. One of the reasons for the decline is the emergence of other forms of gaming which weren’t available to Illinoisans in 2012. PC video gaming software sales revenue worldwide from 2008 to 2025, by category (in million U. 249 billion for operators during the 16-month period beginning on Feb. 5 million represented a 9. Update March 21, 2020: On Friday, March 20, Governor Pritzker announced a "Stay at Home" directive for Illinois beginning Saturday, March 21st at 5 PM until midnight April 7th. AN ACT concerning gaming. 1 billion, representing 68. Nothing Outsourced. If you’re interested in. Page 31 Empress Casino – Joliet,. Productivity and Business Processes segment earned $63. Nothing Outsourced. That’s up 4% from the previous monthly record of $1. 8% to $814. 7276%. One of them is Quincy, which has added 81 terminals in three years. In 2007, when casino revenue peaked at $1. Twitter. This marks the first $60 billion year for the commercial gaming sector, passing the previous record of $53. 555 Withdrawal of Applications and Surrender of Licenses. (230 ILCS 40/15) Sec. The Video Gaming Act is amended by changing : 5: Section 35 as follows: 6 (230 ILCS 40/35) 7 Sec. Posted on: June 21, 2023, 04:34h. REVENUE POTENTIAL; Marketing; CONTACT; Sales: 815. $50 for one year. Nothing Outsourced. You should receive a Form W-2G from each sportsbook that paid out to you. ” These changes will come into effect after June 1, 2023, and streamers will only be affected when it’s time for their. Oak Lawn Trustee Paul Mallo told. 7 million generated in March. 4% in FY 2020 due to pandemic shutdown, with casino revenue the hardest hit, according to the state. Illinois and Mississippi have a graduated tax schedule. 1 VGT background. This. Oak Lawn Trustee Paul Mallo told The Patch. US Legal Forms is the industry leader in affordable access to state-specific form templates. 5 million into. Video gaming terminals must be located in an area restricted to persons over 21 years of age, with entrance to the area within view of at least one employee over 21 years of age. Video gaming terminals, for example, have nearly doubled from $395. 1 million despite Hard Rock opening its temporary venue in Rockford,. Collections from video slot machines posted the biggest gains this year, rising 6. Maximum bets placed on each machine will increase to $4 from $2. Additionally, beginning on. In CYEvanston’s City Code 9-5-8 prohibits local eateries and watering holes from participating in the Illinois Video Gaming Act. Limited License. Licensed establishments may offer up to 6 Video Gaming Terminals, except that a new establishment license category is established for large. The gaming market is estimated at $245. The bill requires the State to its split revenue from gaming expansion into highway spending and new grants for the State Board of Education. The story behind the push tax in Illinois. Illinois’ tax. 8 million. Section 1800. According to new figures from the Illinois Gaming Board, net terminal income — the amount of money put in minus the amount paid out — amounted to $2. And a provision appears in both the Illinois Gambling Act and Video Gaming Act. Learn more about the Illinois video gaming market and how Accel Entertainment can help your Illinois establishment profit through slot machines. (May 5, 2016) – Delaware North, a global leader in hospitality and food service and an innovative operator of regional destination casinos, has completed the acquisition of GEM (Gaming & Entertainment Management – Illinois LLC), the third largest video gaming terminal (VGT) route. The state received $21 million in tax receipts from casino gaming in April and has collected more. The State receives 29% of the NTI generated from each licensed VGT (of that, 5% goes to the local municipality). Illinois has passed significant gaming expansion legislation. The remaining two-thirds is split between establishments and terminal operators. But history shows a big rebound when those services reopen. i EXECUTIVE SUMMARY This report is the Commission’s 2022 edition of Wagering in Illinois. impact of each of the above operations, however, is . 4 million for April, a 15. 4 billion in revenue in 2022. Video Gaming in Illinois Page 7 Riverboat Year in Review 2018 Page 8 Video Gaming Year in Review 2018 Page 12. Of the remaining 66% of NTI, a company called Light & Wonder. Minimum requirements for licensing and registration. PDF CSV. 35 billion, according to the annual. The state’s share of tax revenue fell by $56 million to about $342 million, despite increasing the video gaming tax rate from 30% to. 3%, the decline in video gaming tax revenue was not as severe at -27. The municipality where the terminal is located receives 5% of the net terminal income. The top five video gambling operators control nearly 50% of the market, reaping nearly $1 billion in revenue between 2012 and 2018, according to an analysis of gaming board data. 9% increase from the $105. A person may not sell, distribute, or lease or market a video gaming terminal in Illinois unless the person has a valid distributor's license issued under this Act. Net Terminal Income (NTI) is defined as all monies. 6% in. The tax revenue will continue to contribute to the State’s Capital Projects Fund. 3% annual increase. The tax revenues collected from the state gaming tax has steadily increased from $17. The tax on gaming establishment revenue has gone up from 30% to 33%. A manufacturer may only sell video gaming terminals for use in Illinois to persons having a valid distributor's license. Illinois collects a 30 percent tax on net terminal income, or the amount gambled minus what is paid out, with 25 percent going to the state and the other 5 percent going to the local municipality or county. What. 6 billion in. How to find Reports Online Regarding Revenue from Video Gaming in the State of IllinoisTo say that the gaming industry is on the rise would be a massive understatement. 2 The Status of Illinois Gaming, Based on Revenue, Gaming Hold, & Per Capita Spending 5 . The IGB consists of five Board Members appointed by the Governor and confirmed by the Senate. The Video Gaming Act was enacted in July , authorizing the placement of up. CHICAGO (CBS) -- Revenues from video gaming are outpacing those from casinos for the first time in Illinois. The bill would hike the state’s 30%. Increased the amount of maximum wagers. Nearly two years later, with no ruling yet, he’s still in business. ILLINOIS GAMING BOARD JB Pritzker • Governor Charles Schmadeke • Chairman Marcus D. 7 million in tax revenue to localities,. Stay informed on the latest developments in Illinois gaming news. (c) Terminal operator. A January 2019 report by ProPublica showed a very different take on VGTs in Illinois, however. Municipality fees vary from municipality to municipality. gov at the time the application is submitted. Terminal Operator (Abraham Gaming) receives 34. 580 Annual Fees. The top five video gambling operators control nearly 50% of the market, reaping nearly $1 billion in revenue between 2012 and 2018, according to an analysis of gaming board data. Currently, there are 10 retail casinos in Illinois, and thousands of video gaming terminals (VGTs) at truck stops, bars, etc. 7 million. Annual state gaming license is $100. Illinois Gaming Board. The law upped the state’s take of video gaming revenue to 34% — with 5% set aside for municipalities and the rest going toward a state fund for capital projects. The remaining two-thirds is split between establishments and terminal operators. Of the revenue generated in May, $544,234 goes to. Video gaming currently represents about 41% of wagering revenue, while lottery makes up nearly 44%. B. In 2022, gamblers wagered roughly $10. Unlike YouTube and Facebook Gaming which split revenue 70/30 in favor of creators, Twitch’s streamers receive a 50/50 cut. The COGFA analysis estimates the law allows for between 45,000 and 60,000 new video gaming machines to be operated in Illinois. Revenue from video gaming entertainment is split between the business/organization, municipality, and. 2 million generated in April. , Dec 2, 2022. Lottery revenue increased 4. However, municipalities’ cut was 5% then and remains 5% now. Video gaming at Illinois State Fairs. “Revenue above $100K will be split at the standard 50/50 share split. The operation of video gambling terminals (VGTs) in Illinois has been increasing since they were legalized in 2009, then implemented in 2012. 5% of net revenue from each gaming terminal in the city. Code 1800 3) Section Numbers: Adopted Actions: 1800. 71 billion in 2022, a 9. 6362%. A distributor may only sell video gaming terminals for use in Illinois to persons having a valid distributor's or terminal operator's license. 6 billion was wagered on VGTs in December. While we can’t say exactly how much of an increase in revenue a Missouri establishment will experience by installing video gaming machines, we can reasonably compare it to the Illinois video gaming market. Twenty cities with 20,000 people, including Chicago, do not allow video gaming terminals. The Illinois Video Gaming Act was enacted on July 13, 2009 to help fund a $31 billion State multi-faceted infrastructure improvement plan. Number of Casinos 31. According to the Illinois Gaming Board, the total amount played at video gaming terminals in calendar year 2022 was $31 billion, with players winning approximately $29 billion. There are nearly 24,000 video gaming machines in Illinois, and the amount played over the last few years is in the billions of dollars -- with a b. 1. The Video Gaming Act has outlined revenue distribution in this way: Net Terminal Income (NTI) is defined as the money put into a VGT minus the credits paid to the player. All location data is as of Dec. Licensed Location: 32. The revenue split is specifically dictated by the Video Gaming Act. Locally, video gaming exists in Lansing and Calumet City. The breakdown of revenue sharing in the Illinois video gaming market. This segment is mainly defined by Office but also includes LinkedIn and Dynamics. The new record is up by 35. State of Illinois tax share receives 25%. January 18, 2022. (Chris Sweda / Chicago Tribune) It’s illegal in Illinois for operators to own both a video gambling cafe and the. C. Amends Section 65 to restrict a non-home rule unit of government from imposing any fee for the operation of a Video Gaming Terminal in excess of $250 (previously $25) per year. 8 million. and the final third is split between. Online wagering began on June 18, 2020 and in-person wagering resumed on July 1, 2020. 888-862-2235 (Sales) 888-972-2235 (24/7 Service)In Cook County, 31 municipalities do not allow video gaming, two limit it and 89 allow it, according to the Illinois Gaming Board. The excellent February is an 18% year-over-year increase from February 2022. News & Analysis Problem Gambling Funding Bills Face Difficult Legislative Process Following the rapid expansion of sports betting and online gaming in the U. 2%. Video Gaming Amendments. (b) Distributor. 570 Renewal of License. Board members are tasked with, among other things, reviewing applications for gaming licenses and making approval determinations, as well as renewing and revoking. Location License Web Application (for help, see the Location Application FAQs ) Truck Stop and Large Truck Stop Affidavit. The state took 30 Record lottery sales helped boost Illinois gaming tax revenue to $1. S. The rest. By the end of FY 2014 (June 2014), 17,467 video gaming terminals have become operational across Illinois – up from the 7,920 terminals that were in operation in June 2013. 00) annual fee for the operation of each video gaming terminal located in the City pursuant to the provisions of the Illinois Video Gaming Act. Stay informed and updated on the state of gaming in Illinois. 6 million in net terminal income in 2019. Video Gaming Related Charts: 4 Video Gaming Terminals in Operation in Illinois 37 5 Net Terminal Income Collected from Video Gaming Terminals 39 6 Tax Revenue Collected from Video Gaming. 3% between 2018 and 2023 to reach almost US$1. Every video gaming terminal offered for play shall first be tested and approved pursuant to the rules of the Board, and each video gaming terminal offered in this State for play shall conform to an approved model. 230 ILCS 10/5(b), 40/78. $500 for one year. Get gaming in your establishment the right way. Economic Impact $6. PDF CSV. After years of delays this latest form of legalized gambling finally began on a limited basis in September 2012. Slot machines continue a 2023 hot streak. gov, average location. Still, the industry maintained strong growth. Year-on-year growth in social and casual gaming was 3. Report authors estimated that Illinois online casino gaming could have generated anywhere between $622. In September, these VGTs generated a Net Terminal Income (NTI) of over $236. 9bn, coming close to the largest in the state’s history. 16 Illinois Video Gaming Statistics by Fiscal Year 38 17 Video Gaming Statistics by Illinois County 40 18 Video Gaming Statistics per County Population 41. $5,000 for one year. Under the Illinois Gambling Act, the initial Owner’s licence, and any renewal, is valid for a four-year period and subject to a $250,000 renewal fee. Even if no costs are split, a TO must still file a report. 6 billion to $1. In 2019, new gaming legislation increased the state’s VGT revenue split from 25% to 29%. By the end of 2015, there will be approximately 20,730 gaming terminals. And consumer spending levels continue to remain strong. The Evolution of Gaming: From Pong to Next-Gen Consoles. 5%. 9 percent in the previous quarter to 1. 5. An administrative fee of 0. On October 28, 2021, the Illinois House of Representatives voted to pass House Bill 3136 (“HB3136” or the “Bill”) which changes the landscape on how video gaming is regulated in. 07435% to the establishment and 33. 5 percent. Earlier this year, the Illinois Gaming Board (IGB) implemented Administrative Rule 350. JB Pritzker signed in June 2019 is the gift that keeps on giving. 08 billion in value by 2028 as it increasingly becomes a pillar of modern entertainment for its global audience. Most recent revenue data was reported for. These establishments may have up to 5 state regulated gaming machines. ”. Video gaming revenue declined by about 23% to $1. 3 billion (FY 2022). 57435%. Raking in more than $833 million, lottery. 18 Miscellaneous Gaming Revenue in Illinois 90 . The remainder is deposited into the Capital Projects Fund to cover costs related to the state's 2009 capital plan. 8513%. 10 billion in 2023, growing at a CAGR of 8. Charitable Games Tax & License Fees. 22. It will still be a 50/50 split of the balance. These fees vary by Municipality. The new gaming law slightly raised taxes on gross video gaming revenue to 33% this fiscal year and 34% starting this summer, still well below several other states that tax video gaming profits at. Tournament, Tournaments & Promotions. Denied Applicants. To date, the machines have generated $400 million in municipal tax revenues and $2 billion for the state.