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: 0
- Where terrorists win: The world's one 'kill Americans' zone - 5
- Expanding NH economy: Of energy costs, trains and clowns - 3
- Obama acts illegally: Shaheen parrots his talking points - 56
- Regulations must adapt: Cities cannot squash the new economy - 3
- Offend someone? To jail with you! - 22
- King Obama: Creating a constitutional crisis - 42
- VA wait times: They are still bad - 6
- NH votes matter: A House close to the people - 2
- Power shortage: Our environmentalism tax - 18
READER COMMENTS: 0
- Dave D'Onofrio's Patriots Notebook: It took a while, but now they're on Wright track - 0
- Newmarket blacksmith has forged a career shaping the elementsof steel - 0
- Kathy Sullivan: We need to rethink some of our county government positions - 0
- Pipes and plans: A chance to show up Mass. - 0
- H.S. Football Power Poll: No doubt - Astros finish on top - 0
- College Hockey: Wildcats home to RPI on Tuesday night - 0
- Manchester school board OK's contract for driver’s ed program - 0
- Unrest erupts after grand jury decides against charges in Ferguson, Mo., shooting - 0
- Malkin, Crosby foil Bruins in overtime - 0
Clinton has 'historic' lead in poll
Sources say former White House Chief of Staff Andy Card to be tapped as Franklin Pierce president
Randy Johnson, Pedro, Smoltz lead HOF ballot
Tough task for NH budget writers
Pipes and plans: A chance to show up Mass.
Teacher 'thrilled' at being reinstated
Paul, Christie share lead in primary poll