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Delaware Casino Bailout Stalls

Published: March 27, 2015 2:24 pm ET

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According to an article, a proposed bailout of Delaware casinos has been stalled due to a drop in projected sales tax revenue.

It was reported in January that a lottery and gaming study commission in Delaware supported a multi-million-dollar taxpayer-funded bailout of three casinos in the state, although politicians that opposed the measure said that the bailout will not see the light of day.

An article by The News Journal on Thursday, March 26 explains that the proposal has yet to be advanced and that it is expected to be heard in the Senate Finance Committee at some point.

The report states that the proposal called for $46 million in state funds to be directed toward Dover Downs, Harrington Raceway and Delaware Park over a two-year period. The article states that Delaware projected last month that two-year tax collections will be down by $45 million.

(With files from The News Journal)

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