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CoGFA’s statement reportedly read…“Because of this, very little tax revenues, ,224 to be exact, were reported to have been received from the sports wagering tax in the fiscal year. Although this suspension has since been lifted, gaming has only returned on a limited basis and it remains unclear how long these limitations will last. The October 2, 2020 opening an extension of the license of its Turfway Park in Florence....
However, local public health officials have since purportedly re-imposed more stern mitigation measures on the areas around the cities of East St Louis and Rock Island as the infection rate in these regions continues to surpass acceptable limits.The American state of Illinois reportedly saw aggregated tax revenues from gambling for the twelve months to the end of June fall by 13.”Immediate intrusion:The News-Gazette reported that CoGFA’s examination moreover determined that tax revenues from sportsbetting in Illinois were virtually non-existent for the period covered due to the fact that the activity was legalized only a few months before the pandemic shut down or delayed a host of major sporting tournaments....
Churchill Downs Incorporated (Nasdaq: CHDN) has opened its .8%. Even with the resumption of wagering, it is expected that the ramifications of the pandemic on public confidence will persist for some time....
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