In November, Illinois’ 15 land-based casinos collectively generated $130 million in revenue, according to data from the Illinois Gaming Board. This figure represents a slight uptick from the $129 million reported in October and a notable 14% increase compared to the same period last year.
Top Revenue Earners:
Rivers Casino emerged as the top revenue earner in the state, reporting $43.5 million in November. Grand Victoria Casino and Harrah’s Joliet Casino followed with revenues of $12.8 million and $10 million, respectively. Bally’s Chicago, the newest casino in the state and the sole property in Chicago, posted $7.6 million in revenue. Despite variations in performance, the overall revenue trend points to a positive trajectory for Illinois’ casino industry.
Bally’s Chicago Expansion and Licensing Approval:
Bally’s Chicago, the state’s latest casino entrant, received approval from the Illinois Gaming Board last month to convert its temporary operating permit into a full casino license. This strategic move allows Bally’s to advance with its ambitious $1.7 billion gaming venue in Chicago. Additionally, the Gaming Board granted Bally’s an extension of its lease at Medinah Temple by a year. Medinah Temple will continue to function as a temporary casino until 2026, providing Bally’s with an extended timeline to complete its permanent site in River West.
Performance Analysis and Sector Overview:
The collective revenue growth of Illinois’ casinos in November showcases the resilience and vibrancy of the state’s gaming industry. Despite economic uncertainties, the sector has demonstrated a robust performance, attracting patrons and contributing significantly to the state’s revenue stream. An analysis of individual casino performances and sector-wide trends offers valuable insights into the factors influencing the positive revenue trajectory.
The $130 million in casino revenue reported for November in Illinois reflects a thriving gaming industry that continues to evolve and expand. With top-performing casinos contributing to the overall positive trend, the sector’s resilience and adaptability are evident. Bally’s Chicago’s strategic moves, including licensing approval and site development, further signify the growth potential in the state’s gaming landscape. As Illinois casinos navigate market dynamics, the November revenue figures underscore the industry’s ability to remain a key player in the state’s economic landscape.