🍒 Indian Givers: Politicians and Tribal Gambling Casinos - Econlib

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New data suggests that outside of video poker, state gambling revenues are in a long-term funk.
But money from new casinos is exactly casinos and government lawmakers are counting on.
Did Illinois lawmakers this spring make a bad bet on a big expansion of casino gambling?
Total state tax revenues dived thereafter and took 13 years to climb above the prior peak.
What pulled the state's gambling industry out of its funk?
What has grown lucky lady casino revived the entire industry is video gaming, electronic poker and the like.
Even more remarkably, those figures come even though the city of Chicago, the state's single biggest market, has not authorized video gaming amid fears about the impact on lower-income residents of having widespread open gambling in every neighborhood.
What does that tell you about the viability of the huge casino expansion authorized by lawmakers—an expansion that already has been caught in I wasn't able to reach Sen.
Terry Link, D-Waukegan, the chief sponsor of the gaming measure.
Other money would come from slots at tracks, more gambling positions at existing casinos and legalized sports betting.
Heather Steans, D-Chicago, says the big money from casinos still may be there if the new casinos tap new markets.
For instance, tourists or Illinoisans who now travel to Indiana and Wisconsin to gamble but might prefer to wager at a place closer to home.
But it certainly would help if Pritzker and Lightfoot worked out their differences on tax casinos and government on the Chicago casino.
But in view of the COGFA report, it's not out of line to wonder how much better off the state's bottom line will be in the end.
Update—In a related development, the Illinois Gaming Board today that that "onerous" tax rate be altered.
But it didn't say how, or whether the cut should casinos and government from the city's or state's take.
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The Social and Economic Impact of Native American Casinos
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New data suggests that outside of video poker, state gambling revenues are in a long-term funk.
But money from new casinos is casinos and government what lawmakers are counting on.
Did Illinois lawmakers this spring make a bad bet on a big expansion of casino gambling?
Total state tax revenues dived thereafter and took 13 years to climb above the prior peak.
What pulled the state's gambling industry out of its funk?
What has grown casinos and government revived the entire industry is video gaming, electronic poker and the like.
Even more remarkably, those figures come even though the city of Casinos and government, the state's single biggest casinos and government, has not authorized video gaming amid fears about the impact on lower-income residents of having widespread open gambling in every neighborhood.
What does that tell you about the viability of the huge casino expansion authorized by lawmakers—an expansion that already has been caught in I wasn't able to reach Sen.
Terry Link, D-Waukegan, the chief sponsor of the gaming measure.
Other money would come from slots at tracks, more gambling positions at existing casinos and legalized sports betting.
https://ipodxs.com/casino/citypalais-duisburg-casino.html Steans, D-Chicago, says the big money from casinos still may be there if the new casinos tap new markets.
For instance, tourists or Illinoisans who now travel to Indiana and Wisconsin to gamble but might prefer to wager at a place closer to home.
But it certainly would help if Pritzker and Lightfoot worked out their differences on tax rates on the Chicago casino.
But in view of the COGFA report, it's not casinos and government of line to wonder how much better off the state's bottom line will casinos and government in the end.
Update—In a related development, the Illinois Gaming Click the following article today that that "onerous" tax rate be altered.
But it didn't say how, or whether the cut should come from the city's or state's take.
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Gaming Industry: Let Feds Use Https://ipodxs.com/casino/zia-park-racing-and-casino.html Charge Cards at Casinos There are "many legitimate business-related expenses" incurred at casinos, lobbyists say.
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Freeman said the gaming industry provides career opportunities for veterans and regularly partners with charities that benefit veterans.
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