Slots at racetracks do not help horse racing
In Delaware, the Legislature passed a $10 million bailout for the racetrack casinos in July. Delaware Park racetrack casino cut purses in the middle of the racing season because of the decline in subsidies from slots and cut racing days last year. Read more.
Harrah’s is closing two casinos in Atlantic City and Tunica. In Illinois Harrah’s Metropolis riverboat wants to move the casino into a convention center and build a mote to technically be on water! Local officials support the move because almost half of their revenue comes from the casino! Read more.
Illinois casinos want to limit the number of video gambling parlors, which they say is cutting into their profit. The Illinois Casino Gaming Association is supporting SB3144, which was amended to limit the parlors, but would also double the number of video gambling machines at truck stops in Illinois. Read more.
Currently, truck stops are among the most profitable video gambling establishments in the State. These locations are open 24 hours a day, 7 days a week, where local residents can gamble all night on 5 gambling machines. Truck stops accounted for 10 of the top 20 establishments with the most video gambling losses in June, 2014. (View chart)
Illinois Legislators should look at what is happening in Atlantic City say NO MORE GAMBLING. Four casinos will close and almost 10,000 casino workers will lose their jobs. Read more.
A recent editorial in the Times Leader sums up the problem of gambling, “Legalized gambling is ultimately a supplement, not a panacea. The money raised from it is not reliable enough to build long-term annual budgets. Politicians need to stop looking at it as a pot of gold, and start seeing it for what it is: A roll of the dice.”
Why Opening a Casino Is a Terrible Idea
A 2010 Philadelphia Federal Reserve survey of casinos and economic development found that 80 percent of Detroit casino customers came from the Detroit metropolitan area and 84 percent of Illinois riverboat-casino gamblers were state residents.
There is little evidence that legalized gambling will do anything for a state’s economic development, other than provide a regressive non-tax form of revenue. Read more.
A Good Way to Wreck a Local Economy: Build Casinos Read.
- Attend Candidate Forums and ask Candidates for Legislature and Governor about their position on gambling. Ask them to take a position for NO MORE GAMBLING.
- The fall Legislative Veto Session will be held AFTER the November election. The dates are November 19 – 21 and December 2-4. Ask your current State Senator and State Representative to OPPOSE SB 3144 that doubles the number of video gambling machines at truck stops.
- Share this Alert with your faith community and ask them to PRAY.