Fitzsimmons, Yost Introduce Gambling Legislation
WHEELING — West Virginia Sens. Rocky Fitzsimmons, D-Ohio, and Jack Yost, D-Brooke, are among the sponsors of a bill introduced during the regular session of the Legislature Wednesday to address concerns about the future of table gambling in the Mountain State.
If passed by both the Senate and the House of Delegates and signed into law by Gov. Earl Ray Tomblin, the measure would lower the annual fee for table gambling licenses for each of the state’s four casinos from $2.5 million to $1 million; lower the state tax rate for table gambling from 35 percent to 25 percent; and take $6 million from racing purse funds and breeders funds to make up for amount lost on the annual table gambling fees so that the funding for senior citizen health care would remain at $10 million.
The legislative session ends April 13.
See the Thursday edition of The Intelligencer for full details.