Shall Missouri law be amended to:

* repeal the current individual maximum loss limit for gambling;
* prohibit any future loss limits;
* require identification to enter the gambling area only if necessary to establish that an individual is at least 21 years old;
* restrict the number of casinos to those already built or being built;
* increase the casino gambling tax from 20% to 21%;
* create a new specific education fund from gambling tax proceeds generated as a result of this measure called the “Schools First Elementary and Secondary Education Improvement Fund”; and
* require annual audits of this new fund?

State governmental entities will receive an estimated $105.1 to $130.0 million annually for elementary and secondary education, and $5.0 to $7.0 million annually for higher education, early childhood development, veterans, and other programs. Local governmental entities receiving gambling boat tax and fee revenues will receive an estimated $18.1 to $19.0 million annually.

Fair Ballot Language:

A “yes” vote will amend Missouri law to:

* repeal the current individual maximum loss limit for gambling;
* prohibit any future loss limits;
* require identification to enter the gambling area only if necessary to establish that an individual is at least 21 years old;
* restrict the number of casinos to those already built or being built;
* increase the casino gambling tax from 20% to 21%;
* create a new specific education fund from gambling tax proceeds generated as a result of this measure called the “Schools First Elementary and Secondary Education Improvement Fund”; and
* require annual audits of this new fund.

A “no” vote will maintain the current individual maximum loss limit of five hundred dollars for each gambling excursion. The casino gambling tax will not be increased nor will the “Schools First Elementary and Secondary Education Improvement Fund” be created. Also, the number of new casinos that may be built in Missouri will not be restricted.

If passed, this measure will increase the casino gambling tax.