A Delaware Senate panel has approved legislation that would reduce taxes and fees at the state’s casinos, according to a report by the Delaware State News.
The Senate Finance Committee approved legislation to lower taxes on slots and table games as part of the recent initiative to make casino taxes in the state more competitive with its neighbors.
The legislation has bipartisan support despite efforts in past years to lower casino taxes having been unsuccessful. Dover Downs, the major state casino, lost $1.1 million 2017.
The proposed tax break could save Delaware casinos about $15 million a year, report local media.
"Delaware is one of, if not, the most expensive state in the country in terms of fees right off the top from casinos," said State Senator Colin Bonini. "And you know, hey, you tax businesses, we get it, but we were just excessive. And that was beginning to - not beginning, it’s taking its toll on the business."