The Florida Senate on Thursday approved a pair of bills regarding expanded gaming in the state, including one that will lower the tax rate racetracks pay to the state on slot revenue but still guarantee a certain total amount. The bills will now go the House, where they are expected to meet some opposition since the state Speaker has said he is against the proposals.
The bill reducing the tax rate from 50 percent to 35 percent--after combined revenue reached $123 million--passed by a vote of 25-12. With the minimum, the Isle Casino at Pompano Park would still have to pay the state $61 million a year; Mardis Gras (former Hollywood Greyhound track). $41 million; and Gulfstream, $21 million. Any new site offering slots would have to pay at least $41 million a year.
The second bill would allow all pari-mutuel sites to operate video lottery terminals. That bill passed the Senate by a vote of 27-11.
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