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Denton board asks attorney to redraft keno contract, citing lower payouts
Summary
Trustee Amanda Fangmeier successfully moved that the village attorney re‑draft the keno contract to reduce the village gross‑proceeds payout from 7% to 5% and lower operator payout from 13% to 11%; the October keno report showed village share of $39,416.86.
The Denton Village Board directed the village attorney to re‑draft the local keno contract after reviewing October 2024 keno financials.
Trustee Amanda Fangmeier moved and Trustee Doug Rosekrans seconded a motion asking the attorney to prepare a two‑year contract amendment to reduce the village's gross‑proceeds payout from 7% to 5% and to reduce the operator payout from 13% to 11%. The current keno contract is set to expire in July 2025. The motion carried.
The minutes include the October 2024 Keno report showing gross proceeds of $557,992.38, an 80.82% payout rate, unclaimed winnings of $357.39, a village share of $39,416.86, and an operator share of $67,555.01. The board did not record a vote tally by name for this motion. The village attorney was asked to prepare the redrafted contract for future consideration by the board.
