Bingo: who hit the jackpot? | Arkansas Blog

Saturday, June 21, 2008

Bingo: who hit the jackpot?

Posted By on Sat, Jun 21, 2008 at 6:33 AM

The state reported to the legislature yesterday on early returns on the legalization of charity bingo. The tax is coming in ahead of expectations.

But do not be misled by legislators like Rep. Rick Green, who complained that the tax is too high. The tax take was about 6 percent on $10 million in betting. That's about equivalent to the state sales tax. Seems about right to me.

But the takeout by bingo operators for their costs was more than double that, about 13 percent, better than the takeout on wagering at Oaklawn and Southland, which openly operate for profit. What a charity these bingo halls are. They pay back less to players, about 70 percent, than the racinos do, more than 90 percent.

Green suggests charities would get more money if the tax was cut. I'd suggest it would be wiser, first, to analyze those operating costs to be sure these supposed charities aren't paying people to run these games in contravention of the law. (And that 13 percent take doesn't include another 5.5 percent in reserve cash not apportioned to cost or charity. I'm betting it's more likely headed to operators' pockets in some fashion than to charity.)

And whatever the legislature does, it shouldn't follow Green's idiotic suggestion to end state auditing of the operations and just trust the nonprofit groups to operate honestly. These would be the same groups, in many cases, that flouted the law for years. I wouldn't trust recidivist law violators to give an honest accounting.



Comments (3)

Showing 1-3 of 3

Add a comment

Subscribe to this thread:
Showing 1-3 of 3

Add a comment

More by Max Brantley

  • Targeting teachers

    The Hutchinson administration has riled the teachers union in the Little Rock School District.
    • Aug 16, 2018
  • Clarke Tucker challenges French HIll to series of debates

    Clarke Tucker, the Democratic candidate for 2nd District Congress, has called on Republican incumbent Rep. French Hill to reconsider his refusal to participate in a televised debate in September and to join him for a series of three debates.
    • Aug 15, 2018
  • Abduction suspect arrested during threatened jump from bridge

    Danny Trent Barrows, 38, wanted for abducting his child earlier in the week, was arrested Wednesday as he attempted to jump off an Interstate 49 bridge near Mountainburg.
    • Aug 15, 2018
  • More »

Readers also liked…

  • Women's March planned in Arkansas to mark Trump inauguration

    Speaking of Donald Trump and in answer to a reader's question: There will be a women's march in Arkansas on Jan. 21, the day after inauguration, as well as the national march planned in Washington.
    • Dec 30, 2016
  • Your daily dose of Jason Rapert

    Sen. Jason Rapert really, really didn't like it when a KATV reporter asked him about the hypocrisy of his political arguments.
    • Feb 4, 2017
  • Tom Cotton's influence on Trump's new security chief

    U.S. Sen. Tom Cotton is getting credit for pushing President Donald Trump to select Lt. Gen. H.R. McMaster as his national security adviser, Politico reports.
    • Feb 21, 2017

Most Viewed

Most Recent Comments



© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation