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O'Malley Gambling Bill Addresses Impact on Maryland Live!

New legislation allowing for expanding gaming in the state would also allow Maryland Live! to get a bigger cut of revenue, and money for local impact grants would be preserved.

Gov. Martin O’Malley on Tuesday said he would introduce a bill that would allow for expanded gambling in the state. The General Assembly will review the bill as part of a special session expected to convene Friday.

The bill includes provisions allowing for a new casino in Prince George’s County, but also addresses the impact on the existing casinos in the state, including the Maryland Live! casino at Arundel Mills.

Under the legislation, a new casino in Prince George’s County could open by July of 2016, or within 30 months of when the facility in Baltimore City opens. Live table games could also be added to casinos in the state.

Voters would ultimately decide on whether to allow for expanded gambling when they head to the polls in November.

The Cordish Companies, which operates Maryland Live!, have opposed the addition of new casinos in Maryland, arguing that the state should allow existing facilities to get established before introducing new competition.

Here’s what O’Malley’s legislation has to say about the impact on Maryland Live! and Anne Arundel County:

  • ·A study by PricewaterhouseCoopers, which served as a gaming consultant to the state, said a Prince George’s County site would justify allowing Maryland Live! to keep between 6 and 10 percent more of its revenues. O’Malley’s legislation would allow Maryland Live! to keep as much as 5 percent more of its revenues, but the Maryland Lottery, General Assembly, Gaming Control Commission and the Governor must give the OK.
  • Maryland Live! would also be able to keep 5 percent more of its proceeds to spend on marketing, promotion and capital improvements.
  • The bill includes “hold harmless” provisions designed to ensure that local impact grants in Anne Arundel County are not reduced. Currently 5.5 percent of all casino revenue goes to local impact grants. In Anne Arundel County, that total came to $1.9 million in July.
  • If voters approved expanded gambling, Maryland Live! could install live table games as soon as early 2013. Table game revenue would be taxed at 20 percent, with revenue going to the Education Trust Fund.

 

Do you support expanded gambling in the state of Maryland?

Dan Thomas August 09, 2012 at 07:45 PM
You are exactly right. Miller and the boys voted down slots under Erlich. Their reason was that the casinos would target the poor and under privileged!! Maryland is already one of the highest taxed states and it is only going to get worse. Of course the new term for taxes is "fees". Then one day, Omalley will say "The budget is balanced" and everyone will think he is great even though their personal budgets are taxed to the max.
ER August 09, 2012 at 11:01 PM
I wonder what’s next on the democrat’s plate of fleecing Marylanders. We have higher property taxes, gambling at all hours. Huh what’s next GOV, state government sponsored prostitution to raise your bid as President elect?
Ronald August 10, 2012 at 12:02 PM
O'MALLEY FOR PRESIDENT IN 2016!!! That is the only real agenda here.
ER August 10, 2012 at 11:23 PM
Well Omalley is following the path as a typical democrat, Raise taxes, extend debt dont balance budgets and fleece citizens and call it a plan. Oh but I forgot blame others when failure occurs, heck deflection is the most important process.
Elle August 12, 2012 at 01:33 AM
I don't like O'Malley at all. I'm happy to say I did not vote for him.

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