Making the News

Reuters

Originally Published:Monday, November 5, 2012
http://www.reuters.com/article/2012/11/05/us-usa-tax-gambling-idusbre8a40w720121105

As U.S. gambling spreads, Maryland ponders doubling down

By Nanette Byrnes
Reuters

No winning streak lasts forever though. As gambling revenue has grown and become increasingly central to state budgets, competition among states for gamblers also has intensified. The result? The aggressive marketing of a parade of new lottery products and an arms race of casino offerings, all in a bid to get citizens to spend more money on games of chance. "Revenue, revenue, revenue, it's all about revenue," said Joseph Weinert, an executive at gambling industry consultancy Spectrum Gaming Group. "Legislatures see gambling as a painless, tax-free way of gaining revenue."
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