Gaming dollars coming in lower than expected
Missouri’s K-12 schools could face even tougher funding hurdles this year thanks to the slumping gaming industry.
A document provided to the Associated Press today shows Missouri’s 12 casinos were projected to generate about $372 million. That was based on the assumption that removing loss limits would generate more revenue.
But Gaming Commission director Roger Stottlemyre says numbers are coming in about $24 million below expectations. He blames the continued poor economy.
A spokesman for Governor Jay Nixon says the governor will be looking for ways to fill that gap. Last year, the governor sliced state funding for transportation programs.