IN THE NEWS: Wednesday, November 20, 2002

16 Million Have Visited Casino This Year, Says Report

Nearly 16 million people have visited Illinois casinos thus far this year, according to a recently released report from the Illinois Gaming Board. Nearly three million of those visitors went to Harrah's in Joliet. Last month, more than 255,000 people visited Harrah's, generating 24.7 million in adjusted gross receipts. Each visitor at Harrah's lost or spent an average of 97 per visit.

But it was Elgin's riverboat casino, which had a total of 225,829 visitors during October 2002, who lost an average of $142 per visit. The Elgin casino also posted the highest adjusted gross revenue per square foot of any other casino in Illinois in the amount of $1,075 followed by Harrah's $635 figure.

Also according to the Illinois Gaming Board the new wagering and admission tax rates of $3 went in to effect in this past July and is shared by the state and local governments on a 2-1 ratio. As a result, the state of Illinois collected more than $60.5 million from the new tax in October of this year from nine casino gambling centers. Local governments collected only $8.7 million.

The board's monthly report also reflects that seven of the nine riverboat casinos in Illinois saw a drop in admission during October, ranging from .05 percent to more than seven percent. Only East Peoria and Alton realized an increase in the number of admissions with a rise of 3.66 percent and 5.24 percent, respectively.

Total year to date revenue among all of the casinos for adjusted gross receipts is down almost $13.5 million from last year's more than $1.5 billion.

There were still more tables (168) playing blackjack than any other game during October. Poker was the only game of chance excluded from the board's report because it is a competition between patrons and the table AGR (adjusted gross receipts) is not relevant.

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