Bally’s Chicago casino enters 2nd year on the rise, but behind projections in loaded Illinois market – Chicago Sun-Times

That massive gambling emporium is supposed to eventually generate around $1 billion in annual revenue — with a $200 million cut for the city’s police and firefighter pension funds — under lofty projections set by former Mayor Lori Lightfoot. Over its first 12 months at the temporary Medinah Temple site, Bally’s turned out a modest $124.6 million in revenue; That generated $14.4 million for the city. Mayor Brandon Johnson has bet just as heavily on the temporary casino since taking office, anticipating $35 million in casino tax revenue in his first budget.

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