• RSS News – Lou Lang

    • This RSS feed URL is deprecated January 21, 2018
      This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news
    • Gambling expansion in Illinois no sure bet - The State Journal-Register January 14, 2018
      The State Journal-RegisterGambling expansion in Illinois no sure betThe State Journal-RegisterLou Lang, D-Skokie. “If this is going to be a viable legal business, we don't want to be behind 30 other states who have legalized it.” Lang, though careful not to stake out a position, said the legislature will likely hold committee hearings on the ...and more […]
    • Lawmakers to discuss legalizing sports betting - IllinoisHomePage.net January 9, 2018
      IllinoisHomePage.netLawmakers to discuss legalizing sports bettingIllinoisHomePage.netILLINOIS (WCIA) -- Look out sports fans, your team's next big win could get even more exciting. That's because the state may let you earn some winnings, legally. Lawmakers could be putting sports betting on the table. But the proposition has just been ...
    • Action Ridge group talks Equal Rights Amendment support in Park Ridge - Chicago Tribune January 9, 2018
      Chicago TribuneAction Ridge group talks Equal Rights Amendment support in Park RidgeChicago TribuneThe meeting, held by the local social outreach group Action Ridge, featured a presentation by Eden Nissani, outreach coordinator for Democratic State Rep. Lou Lang, a long-time sponsor of the Equal Rights Amendment bill in the Illinois House. Nissani ...and mor […]
    • State's Opioid Action Plan proposes solutions. But does it go far enough? - Belleville News-Democrat December 23, 2017
      Belleville News-DemocratState's Opioid Action Plan proposes solutions. But does it go far enough?Belleville News-DemocratSpeaking for the governor's office, Sanguinetti took issue with Lang's assessment. “We're hoping not to go the political route like it seems Lou Lang wants to,” she said. “There is enforcement, and we respectfully disag […]
    • Illinois Sports Betting Bill Surfaces As Interest Ramps Up Across The US - Legal Sports Report January 4, 2018
      Legal Sports ReportIllinois Sports Betting Bill Surfaces As Interest Ramps Up Across The USLegal Sports ReportWhat we know so far about the Illinois sports betting effort. H 4214 is just a placeholder bill for now, but the intent appears to be to fill it with language that would regulate sports wagering in the state. The bill, sponsored by Rep. Lou Lang ...
    • Illinois Legislature ethics commission under fire for neglecting complaints - Illinois News Network January 6, 2018
      Illinois News NetworkIllinois Legislature ethics commission under fire for neglecting complaintsIllinois News NetworkTerry Link, D-Vernon Hills, Chairman, state Rep. Norine Hammond R-Macomb, state Sen. Cristina Castro, D-Elgin, state Rep. Chad Hays, R-Catlin, state Sen. Michael Connelly, R-Lisle, state Rep. Lou Lang, D-Skokie, state Sen. Karen McConnaughay, […]
    • This Week In Sports Law: NFL Concussion Attorney Fees, Corey Coleman Sued, Brady's Agent's Conflict - Forbes January 7, 2018
      ForbesThis Week In Sports Law: NFL Concussion Attorney Fees, Corey Coleman Sued, Brady's Agent's ConflictForbesIllinois State Representative Lou Lang has filed a sports betting bill within the state that, like other states discussing such legislation, has no true effect on the ability to engage in sports betting unless there is a change first at th […]
    • What's happening in Park Ridge: Action Ridge meets to talk Equal Rights Amendment - Chicago Tribune January 2, 2018
      Chicago TribuneWhat's happening in Park Ridge: Action Ridge meets to talk Equal Rights AmendmentChicago TribuneAction Ridge, a Park Ridge-based group dedicated to social causes, will meet Monday to discuss the Equal Rights Amendment and how to support ratification in Illinois, the group announced. The meeting, which is open to the community, will take p […]
    • Ethics group under fire for 'neglecting' complaints - Jacksonville Journal-Courier January 7, 2018
      Jacksonville Journal-CourierEthics group under fire for 'neglecting' complaintsJacksonville Journal-CourierLou Lang, D-Skokie; state Sen. Karen McConnaughay, R-St. Charles; and state Rep. Arthur Turner, D-Chicago. In the three years of vacancy, dozens of complaints piled up. Porter recently told the commission that only 10 were valid. She suggested […]
  • RSS Blogs – Lou Lang

    • An error has occurred; the feed is probably down. Try again later.

Lang Pushes Gaming Plan that Directs $1.5 Billion to Unpaid Bills, Adds at least $500 Million Annually to State Coffers

Illinois House Deputy Majority Leader Lou Lang (D-Skokie)

(Springfield, IL) – May 26, 2011. Illinois House Deputy Majority Leader Lou Lang has introduced a fresh gaming expansion package that will devote more than $1.5 billion of up-front and other fees to pay the state’s backlog of overdue bills, add at least $500 million annually to the state treasury, and create or save 90,000 jobs.

“This revised gaming legislation will critically boost the Illinois economy by creating 50,000 new jobs, saving 40,000 jobs linked to the horse racing industry, and providing more than $1.5 billion to pay the state’s overdue bills, said Lang (D-Skokie), chief House sponsor of the legislation.

“These are top priorities for both Governor Pat Quinn and the legislature,” Lang stated.

The measure, Senate Bill 744, includes five new casinos, including one for the City of Chicago, authorizes slot machines at the state’s six horse racing tracks, creates a “racino” at the Illinois State Fairground in Springfield, and devotes during the next four years an estimated $1.5 billion of anticipated up-front and other fees received by the state to pay past-due debt.

According to an analysis by the Illinois House research and appropriations staff, in addition to the $1.4 billion in one-time fees, approximately $500 million in recurring, annual tax revenue would be generated for the state, which would be split among education, capital funding, and local governments.

Additionally, to boost the 10 existing casino license holders due to the effects of the recession and the expected enhanced competition, Lang’s revised plan would drop the top tax rate from 50% to 40% and permit existing casinos to expand their available slot machines from 1,200 to 2,000.

“This bill aims to protect existing gaming jobs while creating new jobs,” said Lang. “By cutting their tax, the bill will help current employers maintain their workforce and grow their business.”

In addition to allowing the construction of either a riverboat or land-based casino in Chicago, the revised bill authorizes the city’s gaming authority to install a portion of its 4,000 authorized slot machines—but no table games—at Chicago O’Hare and Midway airports behind the security perimeter for ticketed passengers.

“This plan permits gaming at Midway and O’Hare for only ticketed passengers who have cleared security,” said Lang. “O’Hare and Midway will not become casinos for local residents who are not ticketed passengers.”

“In its totality, this bill is a jobs creation and protection bill,” said Lang. “To climb out of this recession, we need to give unemployed Illinois residents work, and Governor Quinn and lawmakers understand that.”

The Illinois House Executive is expected to vote on the proposal either today or on Thursday.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: