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Video gambling generating money

Tue, 20 Nov 2012 10:54:17 CST
By: AP

A new report shows Illinois' fledgling video gambling industry brought in more than $346,000 in revenue for the state in October.   The Illinois Gaming Board's monthly report shows that the state's October take came from nearly $18 million in wagers at 714 machines across Illinois. Local governments where the gambling is offered got nearly $70,000.   Lawmakers approved video gambling in 2009 to help fund a $31 billion construction program to fix schools, roads, bridges and other projects, but it didn't get under way until this year. When it was approved, officials estimated that such gambling would raise about $375 million a year for the state.   Gambling officials have estimated that up to 75,000 machines could be installed statewide within a year.   Updated projections haven't been released.

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