Illinois: What’s the estimated economic impact of Danville’s Golden Nugget casino?

Illinois: What’s the estimated economic impact of Danville’s Golden Nugget casino?

Article brief provided by The News-Gazette
  • Ethan Simmons, The News-Gazette
January 16, 2023 8:26 PM

For starters, Danville will get an estimated $6 million annually in gaming tax revenue, Mayor Rickey Williams Jr. said.

Story continues below

Then factor in sales tax, property tax, food and beverage tax and liquor tax and the 4 percent EBITDA share owed to Danville annually as part of the casino’s host community agreement with the city.

Also in the agreement: $1 million to construct a teen center at the Boys and Girls Club, $1 million to upgrade Danville’s municipal building and $1 million toward its Riverfront development.

Plus, [operations] will annually send $300,000 total toward local institutions: $100,000 to Danville’s United Way and $50,000 every year for police and fire training, the Fischer Theatre, Vermilion Advantage and Danville Area Community College scholarships and vocational programs.