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Missouri Lifts Casino Loss Limits
JEFFERSON CITY, MISSOURI --
Missouri lifted its loss limits law Tuesday, as voters approved the new gambling regulations by a fifty-six to forty-four percent margin. The state had enforced a $500 limit over any two-hour period on its riverboat casinos.
While the limit was designed to protect patrons from wagering beyond their budgets, the unintentional result was that many gamblers did not play at Missouri casinos. Instead, they crossed state lines, played at whatever limit they chose, and took revenue to neighboring states.
Facing increased competition from Oklahoma tribal casinos and the proposed Kansas state-operated casinos, Missouri lawmakers sought voter approval to remove the constrictive limit law.
The removal of loss limits also means the dropping of the identification card program, used to track wagers against the limit. The card program was reviled by gamblers wishing to retain their anonymity.
Taxes on casinos are also increased by the ballot measure, by one percent to twenty-one percent.
One group of opponents who will now have to be patient are voters wishing for casinos in their area. The new law caps casinos in the state at thirteen, a number reached if the St. Louis casino under construction is included.
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