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Dover Downs Gaming & Entertainment Inc. Message Board

  • demonsinc demonsinc Jun 20, 2008 8:27 PM Flag

    Del. lawmakers want larger share of slots revenue

    DOVER, Del. - Taking a larger share of the revenue raised at Delaware's three slot machine casinos could help the state close a projected budget shortfall, a group of lawmakers said Wednesday.

    The casinos in Dover, Stanton and Harrington, which have a state-sanctioned monopoly on slot machines, received about 47.5 percent of the net slot machine revenue in fiscal 2007, about $320 million. The state, meanwhile, received about 35.5 percent of the slots revenue, or about $226 million.

    The remaining money went to the horse racing industry, primarily in the form of higher purses, and to vendors who supply and maintain the slot machines.

    Given the state's current budget problems, lawmakers are suggesting the state take an additional 6 percent of the slots revenue that currently go to the casinos, leaving the casino industry and the state with 41.5 percent each.

 
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