Cash-strapped casinos in Delaware have inched closer to getting financial relief as a bill seeking to slash their taxes moved forward in the Senate.

Delaware State News reported that Senate Bill (SB) 144 breezed through the Senate after majority of its members voted in favor of the bill, sending it to the State House of Representatives for consideration.

The senators believe that SB 144, now known as Senate Substitute 1 after the latest vote, will give the casino industry a new lease in life to run a healthy business and, at the same time, continue to provide jobs for residents of Delaware. The state’s three casinos have been struggling to earn a profit due to stiffer competition from other states and back-breaking tax rates.

“The simple fact is that the casino industry is very, very important for the local economy here in Kent,” main sponsor Sen. Brian Bushweller said, according to the news outlet. “Yet over the years our practice of increasing the state’s take … has put Dover Downs and the industry in a precarious situation.”