More “Gambling to Save Gambling” Insanity
Here we go again!
Another state finds that over-saturation of casinos in the Northeast and Midwest is causing casino revenue to drop, and the idea being considered to fix the problem is…more gambling.
This time it comes from Indiana, where casino revenues are down $110 million because of competition from gambling in other states. Now, a leader in the Indiana House of Representatives wants to expand gambling and bring in table games to help save the failing gambling they have.
We have heard this twisted logic in Florida for years.
INDIANAPOLIS – Indiana has lost more than $110 million in casino gambling revenue amid increased competition from neighboring states, and riverboat owners say they need to find ways to make the sites more competitive.
They could find help in Republican Rep. Tom Dermody of LaPorte, who was named chairman of the House Public Policy Committee in 2013. Dermody said he’s been visiting casinos around the state to assess the situation and appears to take a looser view of changes than conservative lawmakers and Gov. Mike Pence, who’ve long balked at an expansion of gambling.