Nevada's largest teachers' union has launched its initiative targeting the state's gaming industry in an effort to get more funding for public schools.

The Nevada State Education Association submitted its petition to the secretary of state Monday. The proposal would raise the gaming tax on Nevada's largest casinos to 9.75 percent, from 6.75 percent. The union estimates that an additional $250 million per year, although others contend $400 million is more accurate, could be used for public schools and teacher raises.

The higher tax would apply only to casinos that make more than $1 million a month in gaming revenue.
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The union's next step is to gather 58,628 signatures by May. 20.

How much would you like to bet that the initiative will be rejected just hours before the deadline to place on a ballot leaving no time for a re-write?