The competition for Americans' gambling dollars is heating up, as several states eye major casino projects in a bid to reverse their fortunes in a tough economic climate....
Authorizing casino gambling is "easy politically right now," says Douglas Walker, associate professor of economics at South Carolina's College of Charleston and author of The Economics of Casino Gambling. "People want jobs and they don't want higher taxes. Legalizing casinos can be argued to create jobs and tax revenues."
Never mind that some gambling analysts say that gambling doesn't help the long-term financial stability of a state.
Read it all.
Posted January 24, 2012 at 5:15 am
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