Hofeld said that 55% of the casino site is in East Hazel Crest and 45% is in Homewood, and that is how the two communities’ shares of tax revenue would be divided, according to a longstanding agreement drafted in the event of their shared site winning approval for a casino. Taxes are levied on a casino’s adjusted gross receipts, or revenue minus winnings paid to bettors. The host communities also would get $1 of the $3 admission tax for each person entering the casino.
In this instance, with two host communities, they would keep 2% of monthly adjusted gross receipts, while another 3% would be shared among 41 other south suburbs. The law provides for the host community and 42 other south suburbs to share in 5% of revenue generated by the casino. 28 deadline for casino applications and, under the gambling expansion law, has up to a year to review applications.įor a south suburban casino, the law permits a license issued for a development in one of six townships - Bloom, Bremen, Calumet, Rich, Thornton or Worth.
