Thursday, January 31, 2008

More Slots for Florida - Cali Votes Tuesday

In a major victory for slots manufacturers, Floridians voted for more slot machines.

In an overwhelming vote of 63 to 37%, the Miami area is cleared for 6,000 additional slots in horse and dog racing facilities.

This article reveals that non-Indian gaming facilities in Florida pay 50% tax on slot profits -- Wow!!! I'd steer clear of those slots, I'll bet they are pretty tight.

Here in Nevada, casinos pay 6% taxes, and you can be darn sure with our state budget deficit ever growing, that upping that tax is hotly debated.

Meanwhile in California, next Tuesday's voting will determine if a select group of Native American casinos can add more slots paying 25% in taxes.

No comments: