Caesars Entertainment Incorporated has invested $4 million in a comprehensive renovation of its Grand Victoria Casino Elgin, a riverboat casino in Illinois. This exciting project aims to elevate the guest experience and attract new business and players. The casino now boasts a revamped sportsbook and a brand-new World Series of Poker (WSOP) poker room, occupying 2,100 square feet and 4,400 square feet, respectively. The strategic move positions the property as a more robust and well-rounded business, further solidifying Caesars’ presence in the region.
Enhanced Amenities:
The remodeled sportsbook and WSOP poker room have transformed the space formerly occupied by Indulge Kitchen Buffet. With 20 tables, the poker room is set to host the first-ever WSOP event in Illinois, making it a highly anticipated addition for poker enthusiasts. Meanwhile, the sportsbook offers customers three service windows and four self-service kiosks, providing a seamless betting experience. These upgrades are sure to captivate both new and existing patrons seeking premier gaming and betting options.
Location and Property Highlights:
Situated approximately 40 miles west of downtown Chicago along the picturesque Fox River, the Grand Victoria Casino Elgin exudes elegance and charm. The casino features an impressive selection of entertainment offerings, including 1,088 slot machines, 30 table games, and a 12-table poker room. Additionally, visitors can indulge in a diverse culinary experience with four dining options on-site.
Impressive Growth in Illinois Sports Betting:
Illinois’ sports betting industry continues to flourish, as evidenced by the remarkable figures reported by the Illinois Gaming Board. In August, sportsbooks recorded a staggering $564.8 million in bets, representing a notable 9.4 percent increase from July and a substantial 41 percent surge compared to August 2021. A significant portion of this betting activity, amounting to $540 million, stemmed from mobile wagering, while retail sportsbooks contributed $24.8 million.
Revenue and Tax Contributions:
Amidst the thriving sports betting market, the Illinois Gaming Board reported a revenue of $47.8 million in August, translating to an impressive hold of nearly 8.5 percent. Furthermore, the state received approximately $7.2 million in taxes, bringing the year-to-date total to an impressive $65.3 million. This substantial revenue has undoubtedly contributed to the state’s economy and various public initiatives.
Leading Sportsbook Operators:
FanDuel emerged as the leader in the Illinois sports betting landscape, with a total handle of $180.2 million from both online and retail wagers at the Fairmount Park racetrack. Following closely behind was DraftKings, boasting a handle of $172.2 million, while BetRivers secured the third position with $74.2 million in bets. These prominent operators have played a crucial role in driving the industry’s growth and popularity.
Caesars Entertainment’s $4 million investment in enhancing the Grand Victoria Casino Elgin exemplifies its commitment to providing an unparalleled gaming experience for visitors. The redesigned sportsbook and WSOP poker room are poised to set new standards in the region, drawing in enthusiastic players and bettors alike. As the Illinois sports betting market continues to thrive, the state’s economy benefits from substantial revenue and tax contributions. With the Grand Victoria Casino leading the charge, both Caesars and the entire industry are on track for an exciting and prosperous future.