With the betting window closed on the first full month of operation at Bally’s temporary casino, the Medinah Temple site raked in more than $7.6 million in October, a 12% decline in average daily revenue compared to its first few weeks.
The latest monthly cash count announced Wednesday by regulators at the Illinois Gaming Board put the River North betting house near the top of the state’s roster of 15 casinos — but well behind city tax revenue projections for Chicago’s desperately underfunded police and firefighter pensions.
Bally’s adjusted gross revenue — its profit after paying winners — shook out to about $245,446 per day in October, down from an average of roughly $278,268 from its Sept. 9 opening through the end of that month.
