Casino Money Five Years Later

1 decade 1 year 7 months ago Friday, March 16 2007 Mar 16, 2007 Friday, March 16, 2007 6:38:23 PM CDT March 16, 2007 in News

The Boonville Water and Wastewater Plants received $1.2 million this year from gaming revenue. They used the money to buy a new aerator and other expensive equipment. Water and wastewater is just one of the many places where the gaming revenue flows. This year the city of Boonville received more than $4 million.

"Remember in public works we do more than just water and waste water. Traffic signals downtown are paid for by gaming revenue, we have paid for street improvements out of gaming revenue. Locust Street is a street that was completely rebuilt out of gaming revenue," said M.L. Coffin, Boonville Public Works.

Other places that got a piece of gaming revenue this year are the various Boonville Sheriff's departments, the YMCA, and some went to extending the sewer in city limits and improving the Boonville airport.

Soon Boonville might be getting more money. In Missouri, there is a loss limit, which says you can only lose $500 every two hours. Missouri is currently the only state to have this limit and lawmakers are trying to do away it. They say it means less money for the state and the town the casino is in.

"People are recognizing it doesn't accomplish what it is designed to accomplish. It doesn't really limit the losses of people. And if somebody wants to lose more all they have to do first of all is is to go over to Illinois, there is no loss limit there, or Iowa," said Gene McNary, Missouri Gaming Commission.

McNary says the projected millions made from eliminating the loss limit would be used for education. And McNary likes the odds of getting rid of the loss limit.

"If I had to bet on it I'd say the chances are 60-40 they will pass," said McNary.

Boonville is currently working on next year's budget and are estimating they will have $4.6 million in gaming revenue to spend.

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