Posts Tagged ‘loss limit’

Vote Today in the US of A

Missourians Take Special Note of Prop A

by , Nov 4, 2008 | 4:43 am

U.S. citizens, today is Election Day. Not only is the office of the presidency on the line, but there are important congressional seats and important propositions on ballots as well. And despite my previous biased posts about my presidential candidate of choice, I am refraining from pushing that here. My only point is that you vote. Your vote is your voice, and it is of the ultimate importance that you express it today.

Please vote.

What I will mention with a bias is an important proposition on the Missouri ballot. Prop A will repeal the $500 loss limit in Missouri casinos, which has long been the reason that those establishments have not attracted major poker tournaments, high-stakes players, or revenue-driving action of any kind. The loss limit was put in place to save gamblers from themselves and prevent gambling addictions, as players were restricted to losing no more than $500 in any two-hour period. The ridiculousness of it is obvious, and the limit can be repealed today with a YES vote on Prop A. Casinos would be required to pay a $2 fee per visit toward a Schools First Elementary and Secondary Education Improvement Fund, but the casinos would likely attract more high-stakes players and that additional revenue would likely offset the cost to casinos.

The downside to Prop A is that the number of casinos allowed in Missouri would be limited to those already established or still under construction. (I think that number is 12.) However, the existing casinos would have much more of an opportunity to succeed – and thrive – if the loss limit is repealed, so it seems that the pros outweigh the cons here. More on the initiative here and a few words from the Missouri Gaming Association here.

As a native Missourian, I’m asking that you get out there in the Show Me State and vote YES on Prop A. (I am California Jen, and I approve this message.)