LITTLE ROCK, Ark. — Southland Park Gaming & Racing owners have put $50,000 into the campaign to expand casinos in the state during November’s election, according to the Arkansas Times.
The West Memphis dog track stands to make financial gains if the measure is passed by voters.
According to analysis from the Arkansas Times, the tax rate at Southland at Oaklawn Park would be reduced from 18 percent to 13 percent. The additional five percent taken in by the venues would result in millions of dollars in new revenue.
The measure would also legalize sports bookmaking.
Oaklawn’s public statement has been that they’re neutral on the proposal.
In addition to expanding gaming at Southland and Oaklawn, the casino expansion amendment would legalize two more casinos in Jefferson and Pope Counties.
Backers of the casino plan say expanded gaming and the venues would more than make up for any lost tax revenue from Oaklawn and Southland.