There’s a terrific front-page story in today’s New York Times on the sagging fortunes of the casino-gambling industry. Ian Urbina reports that casinos may well be reaching the saturation point, as more and more are chasing the same number of customers.
In New Jersey, legislators have repealed no-smoking regulations in order to entice gamblers. In Illinois, there’s actually a proposal to keep gamblers liquored up with free drinks so they’ll keep blowing their money.
“When budgets get tight, expanding gambling always looks to lawmakers like the perfect quick-fix solution,” said John Kindt, a professor of business and legal policy at the University of Illinois who studies the impact of state-sponsored gambling. “But in the end, it so often proves to be neither quick nor a fix.”
Crime jumps 10 percent in areas with casinos, personal bankruptcies soar 18 percent to 42 percent and the number of new gambling addicts doubles, Mr. Kindt said. Predicted state revenue often falls short and plans frequently get tripped up by legal fights or popular opposition, he said.
With Gov. Deval Patrick, House Speaker Robert DeLeo and Senate president Therese “Ka-ching!” Murray expected to make a renewed push for expanded gambling this fall, the Times story is as timely as it is important.
Crime, bankruptcies, addiction — is this what our state leaders want?