According to a recent report, California's Governor Arnold Schwarzenegger and the Agua Caliente Band of Cahuilla Indians, a state Indian tribe, will soon announce a new compact that is designed to send about $2 billion in gaming taxes over the next twenty years to the state coffers. Under the new deal, the tribe would be authorized to operate 3,000 additional slot machines and open a new gaming facility in the Palm Springs area.
Schwarzenegger's administration official, who asked to remain anonymous, revealed the the tribe's compact would be legally valid until 2030 and provide the state's general fund with as much as $1.8 billion. The new deal would require Agua Caliente to increase its payments to the government from $11.9 million to $23.4 million on its already-operated 2,000 slot machines. In addition, the Indian tribe would pay California 15% of its net earnings, or up to $58.5 million, from the new slots on a yearly-basis.
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