Bingo bill aims to cut state fee
AUGUSTA While the new Hollywood Slots racino at Bangor has generated some $20 million in tax revenue for the state and its host city, a Penobscot Nation leader told lawmakers Wednesday it is cutting into the tribes high-stakes bingo action.
Related Bingo News:
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- Help on the Way for Colorado Gambling Addicts
- Senate panel OKs bill that would authorize bingo, raffles
- Charities push for vote on bingo bill
- Barcia bill would boost bingo payouts for nonprofit groups
- State Bingo Bill
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- Bill would let Catawbas operate Orangeburg Co. bingo
- No bingo until at least July 1
Gambling history facts:
- The famous banker J.P. Morgan once walked out of a Monte Carlo casino because the stakes were too low? At the time, the maximum wager was 12,000 francs and Morgan wanted it increased to 20,000 francs. When the casino manager refused to increase the limit, Morgan left the casino saying "12,000 francs! I have no time to lose such ridiculous amounts."
- In 1911, the state of California ruled that "draw" poker was a skill, and thus could not be banned under existing anti-gambling laws. However, "Stud" poker was still considered illegal at the time.
- People earning $10,000 per year gamble more than twice as much money as people earning $30-40,000 per year. People earning $10,000 per year gamble four times as much money as those making $80,000 or more per year.
- In 1978, New Jersey became the second state to legalize casino gambling in an attempt to revitalize the rundown resort area of Atlantic City. The legalization was restricted only to Atlantic City.
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