Dover Downs Hotel & Casino, one of three racino locations along with Delaware Park and Harrington Raceway, said it lost more than $1 million in 2017.<\/p>\n
\n“Once again the company demonstrated substantial gaming operational profitability, which once again was totally wiped out by an unfair and outdated gaming revenue sharing formula,” Dover Downs Gaming & Entertainment CEO Denis McGlynn opined in an earnings statement.<\/strong><\/p>\n<\/blockquote>\nDelaware’s casinos currently keep just 42 percent of their gross gaming revenue (GGR) generated by slot machines. They maintain 66.1 percent of their win on table games.<\/p>\n
Bushweller has introduced legislation that would reduce the state’s share, most specifically on table games where the tax would be cut 14 percent and the table licensing fee would be suspended. Delaware Finance Secretary Rick Geisenberger said the proposed legislation would cost the state $15 million a year based on current GGRs.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Supreme Court’s decision that sports betting shouldn’t be a legislative authority possessed by Congress means Delaware’s monopoly on the activity east of the Rockies is likely no more. On Monday, the Supreme Court of the United States (SCOTUS) ruled that the Professional and Amateur Sports Protection Act (PASPA) passed in 1992 is unconstitutional due […]<\/p>\n","protected":false},"author":42,"featured_media":77658,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,18,16,1074],"tags":[],"acf":[],"yoast_head":"\n
Delaware Lottery: SCOTUS Sports Betting Decision Might Hurt Casinos<\/title>\n \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