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Old 02-21-2007, 10:55 AM
tippy tippy is offline
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Join Date: Jun 2005
Posts: 272
Default Re: West Virginia House passes table games bill... next step?

There is also the "tax" problem. 35% will kill most of the profits. I didn't dig real deep into the issue and I can't really explain it that well, but if you go to the articles that have been written, you may get a better idea of how this might limit the games. I believe NJ had a 9% rate whereas WV wanted a 35% rate. Between the costs of employees, opportunity cost of space used and the taxes, I wonder how much profit is left. This is especially applicable to my favorite, POKER, since the house really makes zero off of poker.

Another problem is the ridiculously low recall requirements even if this thing does pass. I seem to recall that they set it around 5%. Not sure exactly how this works, so more research into it would be useful. Not sure how much money a facility would invest if they were exposed to a recall on the issue.

I guess all we can do is keep our fingers crossed until the details come out.
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