Skip to comments.Maryland lottery sales slide as casino revenue surges [what will they tax next?]
Posted on 08/11/2014 6:54:47 PM PDT by markomalley
Before Marylands largest casino opened less than two miles away, convenience store manager Chirag Patel was hoping to sell more lottery tickets than he was already moving.
We were doing very good business with scratch-off games, he said. I was trying to get another terminal from the Maryland lottery commission. Then the massive Maryland Live opened near his Dash In gas station, and in the two years since, he estimated, his lottery ticket sales have gone down by 25 percent. And so has his commission, which used to be about $3,000 a month.
Maryland lottery commission officials can commiserate. On Monday, they reported that traditional lottery sales have slightly decreased for a second consecutive year, to $1.72 billion.
They, too, have pointed the finger at Maryland Live for helping to end the lotterys unprecedented 16 year run of annual sales increases. Previously, the lottery weathered the opening of other smaller casinos in more remote parts of the state, such as Berlin and Perryville, said Stephen Martino, director of the Maryland State Lottery and Gaming Control Agency. But now, with bigger casinos moving into more densely populated areas, lottery officials face the prospect that the downward slide has only just begun.
(Excerpt) Read more at washingtonpost.com ...
So the question is, what will they tax next?
They already tax everything to death, including the rain (or, more correctly, homeowners for having the audacity to have something for the rain to hit).
Legalizing dope won't be enough to make up for the lost revenue.
So my personal prediction is that they will, for their own protection, legalize, license, and tax hookers.
(Everyplace but Monkey County, Howard County, and Anne Arundel (south of 32, that is), so the limousine libs who live there won't have to deal with it)
so not enough coming in from the poor person’s tax? cry me a river, big govt. cry me a river, businesses selling this stuff.
Well, dub...most people only have $x.xx gambling money available, and they’ll divvy it up among the many takers.
If MD goes the way of PA the Fire Companies and VFWs will soon be wailing that their small games of chance aren’t taking in what they used to.
But this is why MD made sure they get a take of those casinos. To offset the losses from THEIR gambling monopoly. Otherwise, before that realization and their Repub gov was gone, Dems wanted no part of casinos.
Don’t get me started on this whole nonsense.
Guess they will not allow “National Harbor” now!
Let’s see: play at the casino where the house has a 5% edge or play with the government that has a 50% edge.
lottery . . . casinos . . . before much longer, the states will be selling crack and running hookers
Lotteries are better than taxes. Lotteries are voluntary and taxes confiscatory.
Unfortunately they start lotteries and dont reduce taxes accordingly.