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Video Gambling Won’t Help American Legion in Gurnee

Video Gambling Won’t Help American Legion in Gurnee

The trustees and mayor in the village of Gurnee, Illinois, have said that won’t allow video gambling as a means of boosting the local American Legion’s finances. Instead Mayor Kristina Kovarik has promised to find other ways for the organization to raise money.

Video Gambling Won’t Help American Legion in Gurnee

Trustees in the village of Gurnee, Illinois, have decided not to allow the American Legion post to raise funds via video gambling.

The Strategic Planning Chairman of American Legion Post 771, James Huisel, has said that the organization is down to its last $65,000 and declining membership, an old building and high real estate taxes are hurting the institution.

Huisel had asked officials to consider allowing video gambling in order to boost the post’s revenue, at the time he said, “We’re asking for the opportunity to keep our post alive.”

 
 

However, the village’s six trustees and mayor agreed at a meeting this week that the village is better off not allowing video gambling in bars, restaurants, truck stops or fraternal and veterans organizations.

One trustee, Thomas Hood, said that gambling isn’t a good long term solution and the organization should try to find something that would work long term.

At present video gambling is allowed in communities where it has been approved. Only five machines are allowed per location and 5% of net revenue goes to the municipality and 25% to the state.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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