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More states rolling the dice on casinos

Tuesday, June 12, 2012 - 2:00pm

What happens in Vegas doesn't necessarily stay in Vegas.

States across the country are laying their cards on the table and admitting they want a slice of the casino money pie. Politicians seem more willing to roll the dice on the chance that jobs and revenue will outweigh the social risks.

35 years ago it was all about Vegas and Atlantic City.  Today, casino gaming, both commercial and tribal, has spread to 39 states, downtown Detroit, just outside of Philadelphia, and now they're dealing cards in Cleveland.

There are a few places left like that in the United States that are tremendous markets. States like Massachusetts want to go all in--- ready to issue licenses for three resort casinos.

Caesars CEO Gary Loveman wants one of 'em. He thinks it would mean hundreds of thousands of jobs.

It's not just jobs Massachusetts is after. Over the past 20 years, it's watched its neighbor Connecticut earn six-billion dollars in gaming revenue-- some from day-tripping Massachusetts gamblers.

Last year alone, Pennsylvania raked in one and a half billion dollars in taxes from gaming revenue-- the most of any state.

More than 340,000 Americans work in the casino industry. The Bureau of Labor Statistics estimates that will grow 13% by 2020.

 

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