August 11, 2008
JEFFERSON CITY - Missouri voters will in November whether to repeal the state's loss-limit law for casino gambling. Current law restricts gamblers from buying more than $500 of chips or tokens in a two-hour period.
Ballot petitions must be signed by a minimum of 5 percent of registered voters to qualify for a ballot, which is about 92,000 voters. This petition was submitted with 160,000 signatures. The office of the secretary of state reviewed them against voter registration lists and certified the initiative as qualified for the November ballot.
• The loss-limit law will be repealed.
• The number of casinos in the state will be restricted to those already built or under construction.
• Entry to a casino will only require proof you are 21.
• The gambling tax paid by casinos will increase from 20 percent to 21 percent and the increased proceeds will be dedicated to education.
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