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January 28, 2008

Sports betting at slots sites would make money

Filed under: Articles — Tags: — admin @ 2:05 pm

A new report says the state could collect about $22 million to $30 million a year by allowing sports betting at the state’s three slot machine casinos.The report was ordered by the General Assembly in June and was issued Friday by the Delaware Department of Finance, the Office of Management and Budget and the controller general’s office.

The report concluded limiting sports betting to the slots venues is a better option than authorizing betting parlors around the state. Deputy Secretary of Finance Thomas Cook says allowing sports betting at parlors statewide would dilute the overall financial impact.

The report, however, doesn’t take a position on whether sports betting should be legalized.

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