Missouri Gamblers Could Have Limits Lifted
In 1992 voters approved casino gambling in the state of Missouri, however, the state's government emposed a set of rules for all of the states casino's. One of those rules likely will be eliminated after a 17-16 bipartisan vote on Tuesday.
The rule in question is one where gamblers can not lose more than $500. The problem with the rule, according to the proponents of the rule, is that it forces many of the stat'e high rollers to travel to Illinois to do their gambling.
The bill needed to be addressed rather swiftly due to the voters of Kansas approving casino gambling in their state earlier this month. That would lead to the Western part of Missouri being in danger of losing business to Kansas. A loss of business would not only hurt the economy, but also cost people their jobs.
The leader of the proposed bill is Senate Majority Leader Charlie Shields, a Republican from St. Joseph.
If the bill passes it is estimated that $110 million in taxes and fees could be generated from from a revenue increaseof $510 million from casinos.
In addition to the repeal of the limit rule, the bill would also provide more gaming licenses, which would also increase the state's revenue from all of it's casino's. |
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