Lawmaker worries about revenue leaving the state

Published: Tuesday, October 8, 2013 at 11:42 AM.

Lee also suggested Florida’s tax rates are too low, based on the study’s finding the state could increase its revenue significantly by implementing the same rates as Pennsylvania, which is 54 percent for slots and 15 percent for tables games. The Florida tax rate on slots is 35 percent.  

The Spectrum representatives acknowledged Lee’s suggestion but warned tax rates are a “balancing act” and raising them could reduce investment and jobs in the gambling industry.

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