Yet Another Study Says Casinos May Bring Economic Harm, But Not For The Pols Profiting Off Of It

Willie Simpson, Sheepshead Bites, 10/9/2013

Earlier in the month, we reported that the casino ballot measure had majority support among voters, especially after the bill was presented to voters in glowing language that made the legislation seem like a no-brainer. The language surrounding the measure promises job growth, lower taxes and aid to schools. Times Union is reporting on a study put out by the Institute for American Values that notes that expanded access to slot machines would drastically increase gambling addiction... Casinos depend on problem gamblers for their revenue base, drawing 40 to 60 percent of slot machine revenues from these people, many of whom are low rollers... The study also indicated the potential economic harm that increased access to legalized gambling would have on the state... Economic stimulus fades after the casino becomes a dominant business that drives out established local businesses, such as restaurants, replacing them with pawnshops, auto title lenders and check-cashing stores. And since problem gambling develops over four to seven years, the stress on families and finances may gradually become apparent.

Subjects: New York, Casinos, Gambling

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