Loss Limit Lifted in Missouri?

[Harvey]

Will 2008 be the year that the Missouri Legislature will do away with the $500 loss limit at the state's 13 casinos?

State Sen. Scott Rupp, R-2nd District, of Wentzville, has sponsored a bill that would abolish the loss limit, which is intended to keep gamblers from losing more than $500 in two hours.

In theory, the limit serves as a speed bump that lets gamblers know their playing can lead to financial ruin. For years, Missouri gaming lobbyists have complained to lawmakers about the loss limit. Missouri is the only state that still has a limit.

Opponents argue that it places Missouri at a disadvantage when it comes to attracting big spenders who, instead, go to New Jersey, Nevada or across te river to Illinois.