Many States Placing Their Bets On Gambling To Balance BudgetsSubmitted by SteveMT on Mon, 01/26/2009 - 00:05
Have they not been gambling enough?
State lawmakers bet gambling can help with budgets
Gambling industry hoping cash-strapped states believe that now's the time to gamble on
Greg Bluestein, Associated Press Writer
Sunday January 25, 2009, 9:47 pm EST
ATLANTA (AP) -- A tell-tale sign America's chips are down: States are increasingly turning to gambling to plug budget holes.
Proposals to allow or expand slots or casinos are percolating in at least 14 states, tempting legislators and governors at a time when many must decide between cutting services and raising taxes.
Gambling has hard-core detractors in every state, but when the budget-balancing alternatives lawmakers must consider include reducing education funding or lifting sales taxes, resistance is easier to overcome, political analysts said.