Chicago Considering Referendum Vote on Gambling
Wednesday, October 13th, 2010Now Chicago is in on the debates over gambling. This time it is the City Council that is considering a change in the city’s gambling laws. They like other areas see the value in bringing in gambling and expanding it. The market is huge—it is a billion dollar industry—and that is something that cities everywhere want to take advantage of. They know that there are few other activities that could possibly bring in the same amount of tax revenue dollars. A good casino can bring in a consistent multi-million dollar revenue stream every month! Those are huge numbers to pass up for any city council, much less areas where the recession hit the hardest. Now in Chicago City Clerk Miguel del Valle is backing a proposal to put a referendum vote onto the ballot in February of 2011. Voters will be asked whether or not they believe that gambling should be under prohibition throughout the coming years. It will be telling of what the Chicago market thinks and if gambling is positively perceived by the voting public, it could change the gambling laws within the large city.
It was a year ago that the state of Illinois decided that video gambling should be legalized but every city had an individual right to ban or allow the games. Of course once the state allowed them, they had to be legalized, but cities were given a window of time where they could still keep the machines out of their markets. One of the biggest draws of allowing gambling now is to help businesses along with revenue streams. Namely bars and pubs would take advantage of the gambling machines and bring in new customers as a result. So far gambling has proven lucrative for all the markets it has entered and Chicago is next in line to possibly go that route. We will see what the February vote tells about online gamblers and what they decide. This is the first step in moving towards legalizing gambling throughout the state, but it shouldn’t take long to come up with laws that can regulate gaming for the public. No longer will they have to travel to Indiana for gambling, but Illinois could become a hub for the games.

