-- Connecting the dots between our economy, government and business --
Despite a continued downturn in wagering, Illinois sportsbooks notched all-time monthly highs in revenue and handle for November. ("Handle" means total amount wagered.)
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Summary and audio linked here.
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Audio and summary
The most interesting part of the article is that the Bally’s Casino generated only $1.3 M in revenue in November, well below expectations and budget projections. Yes, location is an issue, and yes, the new casino will be bigger and “prettier” but one wonders if it will be the win everyone is expecting. Also can’t help but wonder if betting on betting revenue for budget purposes is a sound fiscal policy.