From The Fiscal Times
States are still betting big on gambling. New York and Massachusetts are eyeing new, flashy resort-style casinos. The owner of one of the largest casinos in the country, Maryland Live! Casino, is among those vying for the final gambling license in Philadelphia and hopes to build a new $425 million casino there.
But in nearby Delaware, lawmakers are considering the unusual step of giving $8 million to the state’s three struggling racetrack casinos.
Crucial questions face states after years of gambling fever. Can they still enter the gambling fray and claim a hefty chunk of revenue? Or does that region, or the country for that matter, already have too many casinos? Is the jackpot running empty?
The Mid-Atlantic states — Maryland, Delaware, West Virginia, New Jersey, Pennsylvania and soon New York — have reached saturation,” said Clyde Barrow, director of the Center for Policy Analysis at the University of Massachusetts Dartmouth, meaning the amount of slots and other games available meets the demand.
