$20 Million Hit <\/strong><\/h2>\nNevertheless, Bushweller expects lawmakers to baulk at the $20 million he estimates the new tax regime will cost the state per year. But unless they swallow that $20 million now, there will be no casino industry left to tap in the future.<\/p>\n
\u201cThe casino industry pays all the same taxes as any other business in Delaware,\u201d said Bushweller.<\/p>\n
\u201cYou pick a tax and they\u2019re paying it \u2026 but in addition to it, through the first three-quarters of 2017, Dover Downs paid $56 million between the horse racing industry and the state,\u201d he said of Delaware\u2019s biggest casino. \u00a0<\/strong><\/p>\nDenis McGlynn, president and CEO of Dover Downs Gaming & Entertainment, said due to the hefty sum his company paid last year, it wound up losing $1 million.<\/p>\n
“We make money, everybody else gets it but us, and we end up with a million-dollar loss,\u201d he said. \u201cThis is just not sustainable.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Delaware casinos are struggling and state lawmakers are debating a bill that would slash taxes in an effort to safeguard their futures. Senator Brian Bushweller (D-Dover) is the primary sponsor of SB 114, which proposes a tiered tax on slots revenues, instead of the blanket 43.5 percent casinos currently pay to the taxman. It would […]<\/p>\n","protected":false},"author":42,"featured_media":68773,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,13,18,61],"tags":[],"acf":[],"yoast_head":"\n
Delaware Legislature Mulls Tax Relief Plan to Save Delaware Casinos<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n