ABC Money
Home

Fla. bill would expand gambling


Published :
Mon, 30 Apr 2007 23:23
By : Agencies
Print this Story


AddThis Social Bookmark Button

TALLAHASSEE, Fla. (AP) - Video gambling machines similar to slot machines could be installed at several dog and horse tracks around Florida, with the state's share of profits going toward a reduction in property taxes, under a bill approved Monday by a House council.

Called video lottery terminals and based on the game of bingo, the machines could raise an estimated $1 billion for the state and would be used to reduce property taxes by lowering the amount local governments have to pay toward school costs.

The machines are the same type now used in Seminole and Miccosukee Indian casinos around Florida, but not the Las Vegas-style slots that voters allowed into Broward County pari-mutuel facilities.

The proposal comes during the final week of the legislative session as lawmakers try to find a way to lower property taxes. It was tacked onto a bill related to lottery patents. The House Environment & Natural Resources Council approved the measure 12-2 even though it barely had time to review the 26-page amendment filed by Rep. Denise Grimsley, R-Sebring, just before the meeting began.

Rep. Rich Glorioso said he didn't like the bill, but said he voted for it because he wanted to give the entire House a chance to debate it.

'I believe any (decision) this large and of this magnitude needs to be made by the entire floor,' said Glorioso, R-Plant City.

Bill sponsor David Rivera, R-Miami, said he supported the idea because it would help pari-mutuels that were at a competitive disadvantage with Indian casinos while also helping lower property taxes.

It would allow the machines in pari-mutuel facilities within 40 miles of existing Indian casinos or in counties with more than 800,000 people that also have an Indian casino. Unlike Las Vegas-style slots, in which gamblers bet against the machine, the video lottery machines are electronically tied into each other and gamblers are betting against each other to win jackpots.

Gov. Charlie Crist said he would have to review the bill before deciding whether he would support it.

A similar bill passed the Senate on a 34-5 vote last week. It would allow the machines in all licensed pari-mutuels, which would raise an estimated $2 billion. The first $1 billion raised would go toward raising teacher salaries, with anything above that amount going to lower the local share of school spending.

A companion House bill, though, is stalled.

Also Monday, the full House approved a bill that would increase the number of slot machines Broward County pari-mutuels can install from 1,500 to 2,000. It also allows slot rooms to install ATMs and expand operating hours.

Gambling opponents said the Legislature shouldn't rush to loosen rules it put in place just more than a year ago.

'Just because we have got a little gambling and we are a user of this substance, doesn't mean we should OD on it,' said Rep. Trey Traviesa, R-Tampa.

But bill sponsor Jack Seiler, D-Pompano Beach, said unregulated gambling is already taking place in Indian casinos and on gambling boats that leave Florida ports and the state sees no money from it.

'There is gambling in Florida. It's like Casablanca. It's happening here, guys. It's in front of our eyes,' Seiler said. 'This is a vote as to whether or not we are going to take some revenues from the gambling in Florida and I submit that the state needs these revenues.'

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.




Share on


 You Might Like
Lawmaker wants Web gaming ban repealed
House bill would allow Internet gambling
+
Frank may want Web gaming ban repealed
Rep. Frank eyes Web gambling ban repeal

Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
10340.69
-107.24 ( -1.03 %)
NASDAQ
2792.28
22.57 ( 0.81 %)
FTSE 100
5741.15
38.78 ( 0.68 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
STANDARD CHARTERED ( 11:35am )
1559.00
70.00 ( 4.76 %)
WOLSELEY PLC ( 11:35am )
2250.00
70.00 ( 3.20 %)
CARNIVAL ( 11:35am )
2017.00
46.00 ( 2.42 %)
LAND SECURITIES GROUP ( 11:35am )
679.50
36.50 ( 5.63 %)
WHITBREAD ( 11:35am )
1662.99
33.99 ( 2.09 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
3M COMPANY ( 12:34pm )
85.78
0.71 ( 0.83 %)
BOEING CO ( 12:34pm )
75.70
0.64 ( 0.85 %)
JP MORGAN CHASE CO ( 12:34pm )
37.03
0.49 ( 1.33 %)
WAL MART STORES ( 12:34pm )
60.44
0.43 ( 0.72 %)
IBM ( 12:34pm )
181.50
0.43 ( 0.24 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
F5 NETWORKS INC ( 12:11pm )
122.38
13.92 ( 11.80 %)
ICO GLOBAL COMM CL A ( 8:01pm )
99999999.99
9.37 ( 366.02 %)
PRICELINECOM INC ( 12:23pm )
525.40
6.57 ( 1.26 %)
AMAZONCOM INC ( 12:04pm )
195.65
6.21 ( 3.25 %)
MILLICOM INTERNATIONAL CELLULAR SA ( 4:00pm )
110.18
4.82 ( 4.43 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!


 Finance Explained

Money making ideas

Save money

Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 ABCmoney.co.uk, All Rights Reserved
*ABCMoney.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.