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Under Issue 4, a casino's net gambling receipts would be taxed at 13 percent on the first $150 million and 20 percent on receipts above that amount. Fifty-five percent would go to state general revenue and 17.5 percent to the state Racing Commission for purses for live horse and greyhound racing. Eight percent of the receipts would go to the county in which the casino is located, and 19.5 percent would go to the city or town in which the casino sits -- or to the county, if the casino is not in a city or a town. The sponsors have estimated the casinos would initially raise about $66 million a year for the state, about $33 million a year for the cities and counties where the casinos are located and about $25 million a year for purse support at Oaklawn and Southland. They've disputed projections by state Department of Finance and Administration officials that the state actually would receive less during fiscal years 2020-22. The state collected $64.3 million from Oaklawn's and Southland's electronic games of skill in fiscal 2018, which ended June 30. The state Highway Commission warned last week that "citizens need to understand that the proposal does not direct any of the revenue to be generated from the casinos to our state's highways, despite what some of the promotional ads are implying." Steel countered that Driving Arkansas Forward's "advertisements cite facts and make clear these additional tax revenues could be used for roads and highways, and it is the organization's primary goal to make sure our policymakers dedicate more money for highways." The committee's website, drivingarkansasforward.com, has several photos, including one of a pothole. The wording on it states: "Better Roads" and "Provides additional revenue to fund improvements to our roads." One of the videos on the website focuses on roads and how much Issue 4 is projected to raise. One of the phrases in the video refers to "money coming into Arkansas to fix roads." The original version of the proposal would have given 65 percent of the revenue to the state Department of Transportation, which is overseen by the Highway Commission. At a news conference at the state Capitol, Hutchinson said, "Let me emphasize that on these amendments, I have to vote just like everybody else, but it's ultimately up to the people to decide 'yea' or 'nay' on those. "I will vote 'no' on the casino amendment because I have always opposed the expansion of casino gambling in Arkansas," said the Republican governor from Rogers.
For the original version including any supplementary images or video, visit https://www.arkansasonline.com/news/2018/sep/06/casino-measure-ok-d-for-november-ballot/
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