Tue January 7, 2014
Delaware Panel Examines Revenue Sharing Formula With Casinos
DOVER, Del. (AP) - A panel examining how to keep Delaware's gambling industry competitive has yet to decide on recommendations for state lawmakers to consider.
The lottery and gaming study commission, which faces a Jan. 31 deadline to submit its report, met Monday to review several options, but members could not agree on any of them.
Several commission members noted that they are still awaiting a report from the accounting firm KPMG on the current status of Delaware's gambling industry.
Among the options being considered by the commission is reconfiguring how gambling revenue is shared by the casinos, the state, and the horse racing industry.
Delaware officials have seen the state's three casinos steadily lose business in recent years to neighboring states despite the addition of table games, sports betting and online gambling.