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Maryland May Keep Less from Slots

Contributor: Kanika Ware
Last Update: 10/31/2008 11:30 am
(Associated Press)
(Associated Press)
Maryland may need more than voter approval of the slot machine referendum to bring slots to the state.

House of Delegates Speaker Michael Busch and Senate President Mike Miller say if that next week's ballot question passes, the General Assembly might have to lower the state's share of the proceeds to attract bidders for the casino sites.

The state plans to take 67 cents on every dollar. Casino operator MGM Mirage said Thursday it's not interested in bidding for a Maryland site.

Busch says tax rates could be lowered in jurisdictions that do not receive desirable bids. Miller admits that the slots licenses would be among the "least lucrative" in the nation. He says the tax might have to be adjusted but he still expects at least a dozen bidders.  
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