State already has "highest tax anywhere in the US"

Maryland Senate president says no tax hike for casino owners

Mayland Senate President Mike Miller this week shot down any chance of a tax increase on gaming revenue during the Annapolis Summit moderated by radio show host Marc Steiner.
2017-01-13
Reading time 1:01 min
Mayland Senate President Mike Miller this week shot down any chance of a tax increase on gaming revenue during the Annapolis Summit moderated by radio show host Marc Steiner.

Maryland's casinos already pay the highest rates in the country, Miller said.

Casinos in Maryland must contribute a portion of their earnings into the state's Education Trust Fund. Currently, 15 percent of table proceeds go to the fund while the percentage of slots revenue varies from casino to casino, according to Maryland Lottery and Gaming. Another 5 percent goes to local impact grants.

On average, Miller said casinos contribute about 40 percent of their earnings. In Las Vegas, Miller said casinos only pay about 8 percent in taxes.

We have the highest tax anywhere in the U.S. and we put more money into Gamblers Anonymous than any other state, Miller said

"These industries are paying a very, very high tax. It's very competitive and we are very fortunate to have what we have."

Miller's comments came in response to a question from Paul Gellar, president of the Montgomery County Council of PTAs. Gellar said he thinks the state is getting shortchanged by the casino owners.

Miller said Maryland is "fortunate to have what he have" and told Gellar the legislature will not be able to increase the rates. He added that the state will not lower its rates despite pressure from casino owners who say they are creating tons of jobs.

Miller's comments came as the 90-day General Assembly kicked off Wednesday in Annapolis.

Leave your comment
Subscribe to our newsletter
Enter your email to receive the latest news
By entering your email address, you agree to Yogonet's Terms of use and Privacy Policies. You understand Yogonet may use your address to send updates and marketing emails. Use the Unsubscribe link in those emails to opt out at any time.
Unsubscribe
EVENTS CALENDAR