A Delaware advisory committee tasked with examining the state’s casino industry is said to be ready to recommend lawmakers slash the table game tax rate in half. Other gambling modifications are also being sought, according to local media.
The committee’s top recommendation is to lower the table game tax rate from 29.4 percent to 15 percent and eliminate the annual $3 million fee. The current tax rate is the highest in the country, according to the Video Lottery Advisory Council (VLAC).
The VLAC has said previously that games like roulette, craps and blackjack are too heavily taxed and are “unprofitable.” Delaware began offering table games in 2010.
Other recommendations include shifting more of the costs of slot machines to the state and adding credits for capital development and marketing.
Legislative relief to the casino industry has been proposed in recent years, but lawmakers have failed to act on previous proposals. Gaming executives insist there is an imminent need for change due to increased competition from other states.