CALHOUN WILL GET TABLE GAME REVENUE

(12/11/2007)
The Calhoun Commission adjusted the county's budget yesterday in anticipation of getting money from state taxes on table games, approved by voters in two West Virginia counties this year.

Commissioners added $10,000 to the budget, although it is unclear just what the revenue stream will generate.

West Virginia counties that do not have a racetrack/table games will have 10% of the gambling revenue divided among them.

The bill specifies that cities and counties must use their table games revenues for infrastructure and debt relief, although counties can use it for regional jail costs.

The state is collecting a 35 percent tax on proceeds after winnings have been paid on table games. That money would be allocated as follows:

3 percent to the Lottery Commission

1 percent to the counties with racetracks, divided based on racetrack revenues

2 percent to the municipalities in counties with racetracks

0.5 percent split between Nitro and Wheeling, the only two municipalities with a racetrack within city limits

2 percent to thoroughbred and greyhound breeders

2.5 percent to the purse fund

The remaining funds — 24 percent of the state's revenue — would be distributed as follows:

76 percent to state debt relief

4 percent to racetrack employee pensions

10 percent split evenly among non-racetrack counties

10 percent split evenly among non-racetrack municipalities

West Virginia will be collecting $2.5 million in annual license fees, with all license fee funds going to in-home health care for seniors.