* Oy…
Chicago’s reluctance to allow video gambling in the city will deprive the state of almost $178 million annually, according to a new analysis by the Legislature’s budget-forecasting arm.
That shortfall could blow a nearly $2 billion hole in Gov. Quinn’s $31 billion construction program, which was partly reliant on proceeds from video gambling in bars and restaurants across the state.
“This puts a monkey wrench in a couple billion dollars worth of projects we can’t move forward on and do jobs,” said Rep. Raymond Poe (R-Springfield), who requested the estimates from the Commission on Government Forecasting and Accountability.
The panel projected that up to $475 million worth of wagering would occur on video gambling machines in Chicago if the city were to authorize them.
The commission said the state stands to lose between $95.6 million and $177.7 million by Chicago’s absence from the video gambling bandwagon.
As we’ve discussed before, Chicago has to approve video gambling before it can commence inside city limits and Daley has grumbled about not wanting to do it yet. He and the city council are up for election next year, and they’ve all got enough problems without adding this to the mix.
* Slots at racetracks is being pushed as a way to supplement (or even replace) video gaming revenues. It’s getting some bipartisan support, but Speaker Madigan’s spokesman sounded non-committal…
Steve Brown, spokesman for Illinois House Speaker Michael Madigan, said approving slots for racetracks isn’t an immediate priority, but there is some interest brewing among members given the state’s $13 billion budget hole and underfunded capital construction program.
“I don’t know I would say there’s serious interest on the part of leadership,” Brown said.
Burns said the idea of installing slots at racetracks has been floated for years, to no avail. He’s hoping he’ll get more traction as the session continues.
“It’s always hard to read the tea leaves this early in the process,” Burns said.
Meanwhile, state Sen. Donne Trotter, a Chicago Democrat, introduced similar legislation in the Senate.
If Brown had been jumping up and down for joy, the Statehouse would’ve exploded with interest, so I get what he tried to do there.