Since video gaming was legalized in Illinois, the City of Pana has been the recipient of tax funds from the machines which helps out with city finances. While the total isn’t going to lift the city out of debt, it does help in the overall scope of things.
From Feb. 1, 2013 through February, 2014, Pana City Treasurer Pete Scherzer said the city has realized $19,680 in revenue from the machines.
Enough money that the Pana City Council agreed to use some of the money as “ward funds,” which allows aldermen to help finance repairs such as sidewalks and tree trimming. At the Feb. 24 meeting of the Pana City Council, members decided to give each ward $2,000 per year instead of the usual $500 per year. The extra $6,000 will come from the video gaming revenue.
The rest of the money will remain in the General Fund which pays for city expenses for police, fire, street department and the operation of city hall.
According to state records, there are now 9 locations in the city which have video gambling. There are 36 machines located in Pana. The city’s share of the revenue which comes in is five percent. The state collects 25% off the top and the terminal operator/location split the other 70%.