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Casino Gambling Revenue Deal Struck in Delaware
DOVER, DELAWARE --
Sports betting may be a contentious subject for a while yet in Delaware, but a compromise was reached on how to split revenues created by expanded casino gambling coming to the state. A committee set up with members of the casino industry, lawmakers, and representatives from the governor's office reached an agreement on dividing gaming income just days before a deadline.
The deal will grant 29.4 percent of revenue to the state, 4.5 percent to the horse racing industry and tracks, and the remaining 66.1 percent to casino gambling operators. Approximately $108 million will be split next year from the new table games being placed at casinos.
If the committee had not reached a decision by Tuesday, the issue would have reverted back to the General Assembly for implementation.
The state Senate and Assembly will both receive a report and written recommendation from the gaming committee, and then have opportunity to consider any changes. The state plans on having blackjack and other table games operating by late spring of next year.
Sports betting is scheduled to begin even sooner, but the state faces legal attempts by national sports leagues to block the program. With many courtroom scenes still to be faced, there is a good chance table games will beat sports betting to the Delaware gambling scene.
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