.

Revenue Down by $10M at Both Joliet Casinos from 2012 to 2013

While the numbers continue to slide, in part due to the success of Des Plaines' Casino, Harrah's continues to be the second highest money-maker in Illinois.

Joliet's two casinos saw annual revenue decrease by about $10 million from 2012 to 2013, according to the latest numbers released by the Illinois Gaming Board.

Hollywood Casino earned $131.3 million in 2013, compared to $141.5 million in 2012. Harrah's Casino's adjusted gross receipts were $202.3 million in 2013 and $212.1 million in 2012.

The two Joliet gaming businesses were not alone in seeing numbers decline. Of the 10 licensed casinos in the state, only one -- Rivers Casino in Des Plaines -- saw an increase in income, albeit relatively small compared to the size of its annual take, the report showed. In 2012, Rivers took in $418.9 million; in 2012, its adjusted gross receipts were $416.6 million.

Decreased revenues translate into decreased taxes going into Joliet and Will County coffers. Local governments collected $7.8 million from Hollywood and $11.7 million from Harrah's in 2013. A year earlier, those numbers were $8.4 million and $12.4 million respectively.

Despite the drop, Harrah's in Joliet continues to rank second in the state for earnings in Illinois. Elgin's Grand Victoria was third in 2013, raking in $194.3 million.

Rivers Casino, with its close proximity to Chicago and location directly off Interstate 294, was an immediate hit when it open in August 2011 and the dent it put in the income of the other Illinois casinos has never abated.

Looking at the Joliet numbers from December to December, Hollywood took in $9.65 million in December 2013 and $11.9 million in December 2012, a drop of 18.9 percent, the Gaming Board numbers show. Harrah's took in $14.7 million in December 2013 and $17.4 million in December 2012, a decline of 15.1 percent.

There was also a drop from November 2013 to December 2013, numbers show. Hollywood took in $96.8 million in November, which was 7.3 percent more than it earned in December. Harrah's made $16.2 million in November, 11.9 percent more than it took in a month later.

To view all of the monthly reports, click on www.igb.illinois.gov/revreports/default.aspx.
klaatu...barada...nikto January 08, 2014 at 05:57 PM
Bottom line...the Casino's are there to TAKE YOUR MONEY!
Herc January 08, 2014 at 11:14 PM
Economy is bad!
Kristine Neumann January 09, 2014 at 01:03 AM
The slots are tight! If they would pay out a little better, people would come. Everyone I know has stopped going & some were heavy betters. I go to St. Louis & Michigan.
seer January 09, 2014 at 03:15 AM
The headline is deceitful- it should read "Revenue Down by $20M at Both J Casinos". The decreasing $ trend is not their friend. It seems that as Joliet's pension expenitures increase exponentially their intake from the boats decrease- that means the taxpayer $ pinata will be bashed again to see what else can be gotten out of it. And if/when interest rates rise- look out.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »