Chicago is on track to become the largest American city with a casino, but some big obstacles remain

Saturday 30th November 2019

The same feasibility study said the "onerous " tax and fee structure in the gambling law -- the highest nationwide -- would make a Chicago casino "not financially feasible." The effective tax rate could be up to 72%, including a 33% tax on gross casino receipts that Chicago would use for police and fire pensions. The one-third rate, which applies to Chicago and not the other casinos, was written into the plan after lawmakers rejected the idea of a city-owned casino.

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