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WV table gambling bill leaps ahead

CHARLESTON, West Virginia – As reported by the Wheeling News Register: "The city of Wheeling would receive a projected $1 million annually from table gambling profits after changes to legislation made by Senate Judiciary Committee members Thursday.

"'Under the House version, Wheeling's share would have been $180,000,' explained state Sen. Andy McKenzie, R-Ohio, a member of the Senate Judiciary Committee.

"The table gambling legislation, House Bill 2718, passed the Senate Judiciary Committee by voice vote Thursday — but not before committee members altered how tax dollars from table gambling would be allocated.

"Specifically, tax money previously designated to the race prize purse fund at the state's four racetracks has been redirected to municipalities — to those that house tracks, as well as to all of West Virginia's 55 counties.

"…West Virginia's racetracks would continue to pay 35 percent of their gross table gambling revenue in taxes. Of this tax amount, 76 percent would be placed in a newly created State Debt Reduction Fund…"

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