Another View -- Paul Davies: Why casino gambling is a bad bet for New Hampshire
New Hampshire has wisely resisted past pressure to legalize casinos because it understands the economic and social costs outweigh the benefits. While that equation has not changed, lawmakers are once again considering a plan to allow one casino.
In the Northeast, especially, casinos in Connecticut, Maine and Rhode Island are battling for market share. The addition of casinos in Massachusetts and New York will add to the glut. The crowded market leaves little room for New Hampshire to cash in. A Granite State casino will depend mainly to local repeat and problem gamblers.
Lawmakers are also considering online gambling and more lottery games. Despite raking in billions of dollars in casino revenues, many residents still await then-Gov. Ed Rendell’s 2004 promise that casinos would reduce property taxes by 23 percent.
Some see Delaware as the model for New Hampshire. Be careful what you wish for: Delaware was early to the game, legalizing slots at three racetracks starting in 1995. With little competition, tax revenues soared and eventually accounted for 8 percent of the state’s budget.
So, the Delaware casinos have gone from generating tax revenues to receiving a government bailout. The state is now scrambling to prop up an industry that produces nothing and entices residents to lose money.
READER COMMENTS: 1
- River Valley Community College planning for new president's inauguration - 0
- Singing a nationwide national anthem at St. Anselm College in Manchester - 0
- Manchester teachers union has contract concerns - 0
- Litchfield school superintendent surprised by board's decision - 0
- State, Lyndeborough agree on school bond repayment plan - 0
- Portsmouth school district undergoing widespread review of sexual harassment response - 0
- Futures Lab offers a glimpse at college, career - 0
- Scholarship established at Kimball Union Academy to honor slain journalist - 0
- Claremont extends school days after renovation delays - 0
READER COMMENTS: 0
- Pair accused in Hampstead home invasion also face witness tampering charges - 0
- Gunman hits Circle K convenience store in Durham - 0
- Suicide car bomber kills 3 foreign troops in Afghan capital; Taliban claims responsibility - 0
- City officials to review proposed 'spice' ban - 0
- Widow of chiropractor killed this summer says fatal shooting was no accident - 0
- Manchester's Delana Curtis is left out in the cold - 0
- Another View -- Sharon Day: The Democrats' claim to be the party for women is just not believable - 7
- Dave D'Onofrio's Patriots Notebook: Brady a realist - 0
- Burning rubber: And public dollars - 0
DWI license revocations
Mexican man pleads guilty in international conspiracy to traffic hundreds of pounds of cocaine
Another View -- Sharon Day: The Democrats' claim to be the party for women is just not believable
Strategery: A war by any other name
Freeh dumb: Favoritism in Vt.?
Lawyer wants cellphone evidence thrown out
Deroy Murdock: Stuff the Obama lunch tax