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gold coast casino floor mapThat tax is in addition to the 38.7 percent rate on GGR.Profit margins in a “best-case scenario,” would “likely equate to a few pennies on the dollar,” Union said. Downtown Chicago is seen here. A city spokesperson said 11 responses were received. “As I say, there are a lot of wing and a prayer kind of offers that we have gotten. Union found that gaming revenue would be subject to an effective tax rate of 72 percent.The gross gaming revenue (GGR) tax includes a 33.3 percent “privilege tax” on the downtown casino earmarked to fund pensions for first responders. COVID-19 continues to threaten global economies, and that will cause the casino giants to pause making a substantial investment in building a casino in Chicago — a development that could cost upwards of billion.Lightfoot’s administration is nonetheless touting the untapped Chicago gaming market.Chicago provides a unique opportunity to create a world-class tourist destination within the City. roulette casino argo 50