Illinois Board Recommends Chicago Tax Changes

The Illinois Gaming Board wants lawmakers to amend the new expanded gaming law’s Chicago tax structure. A study said taxes, fees and other charges add up to an effective tax rate of 72 percent, which would scare away any potential developers. The study also said a 4,000-position Chicago casino could eventually take in more than $1 billion annually—if it’s sited downtown, not elsewhere as recommended by Mayor Lori Lightfoot (l).