Delaware Casinos Seek State Funded BailoutPlan Calls For $20 Million Annually In Aid |
|
A proposal by the Delaware Lottery and Gaming Study Commission calls for a $20.1 million per year bailout for the state’s gambling facilities.
The state currently has three racinos including Delaware Park Racetrack & Slots, Dover Downs and Harrington Raceway & Casino.
Delaware casinos brought in $526.67 million in gross gaming revenue in 2013, resulting in a $217.44 million payout to the state in gaming tax revenue. However, a increase in competition from casinos in neighboring states has put a dent into Delaware’s numbers, forcing casino executives to ask for the hand out.
The plan calls for shared vendor costs, which would put 75 percent of the burden on taxpayers, as well as eliminate an annual table games and reduce tax on table games revenue.
Some lawmakers believe that the proposal has no shot of passing in the General Assembly, but others point out that Delaware’s casinos employ nearly 3,000 people who could otherwise be affected by layoffs.
Delaware has also licensed and regulated online poker. In February, the state signed a deal to share player pools with Nevada.
Copyright © 2001-2024
CardPlayer.com. All rights reserved.
