Chicago's video gambling push threatens Bally's casino and 1,000 jobs
A push to legalise video gambling terminals in Chicago has gained momentum despite opposition from Mayor Brandon Johnson. The City Council License Committee has approved the measure, which supporters argue could help close a £900m budget gap. However, the move threatens Bally's £1.37bn casino project and risks cutting hundreds of jobs.
Alderman Anthony Beale is leading the effort to allow bars and restaurants to install video gambling machines. He claims the change would generate much-needed revenue, helping address Chicago's £1.1bn budget deficit. Local business owners have backed the plan, calling it a financial lifeline for struggling establishments.
But Bally's, currently building the city's first-ever casino, has raised concerns. The company warns that legalising these terminals could slash its annual tax contributions by £208m. Between 750 and 1,050 jobs at the Bally's site could also disappear if the measure passes. Financial projections suggest a mixed outcome. By 2030, legalisation might bring in £17.5m in extra revenue. Yet, after accounting for lost casino income, the city could still face a net loss of £5.6m. Bally's contract may also need renegotiation, potentially reducing its payments and the casino's overall revenue. The debate comes as the city searches for ways to balance its books. While the mayor opposes the plan, its approval by the License Committee signals growing support among councillors. No official figures exist on how many illegal gambling machines already operate in Chicago without regulation.
The proposal now moves forward, with backers arguing it will ease budget pressures. But its passage could reshape Chicago's gambling landscape, impacting jobs, tax revenue, and Bally's casino project. The final decision rests with the full City Council in the coming weeks.
