Since June 19th we’ve highlighted the historic relationship between state budget deficits and the gaming industry at length. In “Budget Deficits = Craps for Casinos” (posted 6/29) we discussed the state budget crises of 2002-2003 and the resulting state levied tax hikes on the gaming industry to cure over $80 billion dollars in shortages.
Now with deficits reaching nearly $40 billion watch out for legislators once again dipping their hands into gaming’s cookie jar to feed their economic sweet tooth. History has a way of repeating itself. We hope this time it’s more gaming and not more taxes.
Intern – Research Edge LLC