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Thursday, September 10, 2009

Report: States see loss in casino revenue

Pennsylvania is one of many states that has looked to casinos in recent months in an effort to offset decreased reveneues. The New York Times reports that this strategy may no longer work, as states are facing a nationwide drop in casino and lottery earnings:

Casinos and lotteries in most states are reporting a downturn in revenue for the first time, resulting in a drop in the money collected by state and local governments, according to new state data.

[...]

The drop has led some gambling experts to wonder whether the industry is reaching market saturation, whereby a limited number of gamblers with a fixed amount of money to bet is being split across a growing number of gambling options.
Posted by Dave Merrell @ 12:28 PM  Permalink | Post a comment
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