The state’s three casinos are betting a new governmental commission can help in dealing with high taxes, a loss of business and higher expenses. Delaware’s casinos are putting themselves into the hands of Lottery and Gaming Study Commission created by lawmakers last month to study the viability of the First State’s gambling industry, including the taxes the racinos pay the state to operate.
Delaware Park, Dover Downs and Harrington Raceway and Casino all called for lower taxes this past legislative session, saying it’s hard to compete with out-of-state casinos with the current rates. Delaware casinos keep 40.5 percent of the total take. The state gets 43.5 percent. 10 percent goes to purses at the horse racing tracks and vendors receive 6 percent.
Dover Downs, a publicly traded company, has reported losses in recent quarters.
Click on this link for the full story from WDDE.
via Delaware casinos hope commission addresses their competition concerns | WDDE 91.1 FM
