National Report Concludes That Predatory Gambling Worsens Long-Term Budget Problems

A 2009 report by the Rockefeller Institute of Government at the State University of New York Albany concluded that predatory gambling worsens long term budgetary problems for states. Read the report below to see why states that institute predatory gambling as a means to stabilize the budget are deeply disappointed time and again:

“Income from casinos and lotteries does not tend to grow over time as rapidly as general tax revenue. Expenditures on education and other programs will generally grow more rapidly than gambling revenue over time. Thus, new gambling operations that are intended to pay for normal increases in general state spending add to, rather than ease, long-term budget imbalances.”

2009-09-21-No_More_Jackpot Rockefeller Report

LesNational Report Concludes That Predatory Gambling Worsens Long-Term Budget Problems