According to recent surveys, serious proposals to seek revenue from new or expanded gambling operations are percolating this winter in at least a third of the states.
There's just one problem: The most recent evidence says the promised riches won't materialize. A few examples:
• Kansas authorized state casinos in 2007 on the notion that $200 million could be raised each year for debt reduction, capital improvements and property tax relief. Nearly two years later, private casino developers have pulled out of three of the four proposed casino sites, fearing that there's little money to be made in today's down economy.
This isn't the primary reason to oppose it, but it is yet another one. Read it all.
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