The bill is just one stipulation that would change gambling in Missouri.

If passed, Senate Bill 1052 would limit the number of casinos in the state to 13, but it would take away the loss limit. As the law currently stands, a person can only spend $500 every two hours in a casino, but the bill would change that.

Another part of the bill adds a one percent tax on casinos that make above $40 million in profit. Casinos like the Isle of Capri in Boonville would not pay that extra tax.

"We're making sure our boats and casinos are competitive, it would increase funding for education, but at the same time, limiting the expansion of gambling," said Sen. Scott T. Rupp of Wentzville.

Senator Rupp said he expects the bill would generate $140 million in additional revenue for the state. The first $25 million would go to Missouri's A-plus program for public schools, and the rest would be used for early childhood development and other educational funds.