Elizabeth J. Magie Phillips died at the age of 81 in Arlington, Virginia. At the time of her death, she had not received widespread recognition for her invention, The Landlord's Game, which later served as the inspiration for Monopoly. She was buried with her husband, Albert Wallace Phillips, in Columbia Gardens Cemetery, Arlington, Virginia.

An interview with Elizabeth Magie appeared in a Washington, D.C. newspaper, in which she was critical of Parker Brothers. In this interview, she highlighted the similarities between her game, The Landlord's Game, and Monopoly, for which Charles Darrow was receiving credit and financial success, while she had made little money and received little recognition.

The board game Monopoly, created by Charles Darrow, was commercialized by Parker Brothers. Monopoly rapidly gained popularity and became one of the most successful board games in history. Parker Brothers initially rejected the game in 1934 due to it having 52 rules, but later reconsidered and commercialized it.

Charles Darrow, an American salesman, filed the patent for the game Monopoly, which he sold to Parker Brothers. Darrow later claimed the idea as his own, stating that he invented the game in his basement, despite the fact that the game was based on The Landlord's Game invented by Elizabeth Magie.

Elizabeth Magie was granted U.S. Patent 748,626 for her board game, The Landlord's Game. This was a significant moment as it formally recognized her invention, which was designed to demonstrate the economic effects of land monopolism and land value tax. She received her patent before women were legally allowed to vote, highlighting her achievement in a male-dominated era.

Elizabeth J. Magie, the inventor of The Landlord's Game (a precursor to Monopoly), was born in Macomb, Illinois. This date marks the beginning of the life of a woman who would become a game designer, writer, feminist, and Georgist, advocating for progressive economic ideas through her work.