Senators Consider Repealing Gambling Loss Limits - KAIT Jonesboro, AR - Region 8 News, weather, sports

Jefferson City, MO

Senators Consider Repealing Gambling Loss Limits

JEFFERSON CITY, MO - There would be no new casinos, more taxes on existing ones and a repeal on the limit gamblers can lose under legislation being considered by a Senate panel.

The measure, sponsored by Republican Scott Rupp, would prevent casinos where one isn't already operating or under construction.  It would add a one percent tax on revenues above $40 million, bringing in an estimated $100 million annually.

The legislation also would repeal a Missouri law that limits to $500 how much a gambler can lose in a 2-hour period.

Supporters say Missouri casinos could be at a disadvantage from new casinos in Kansas.

But critics say lawmakers made a promise that there would be loss limits when voters were asked more than a decade ago to allow gambling.

(Copyright 2008 by The Associated Press.  All Rights Reserved.)

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