I don’t recall the exact date when Delaware authorized slot machines at the three race tracks located in the state. At that time Delaware had a monopoly, outside of Atlantic City, on casino gambling. In the beginning of this venture customers from Pennsylvania, Maryland and South Jersey flooded the state with slot machine revenue. This influx of additional revenue caused our state government to start spending on new state programs. It appeared that no one in our government realized that once the surrounding states discovered the success of casino gambling they would enter into competition with Delaware. Today Maryland and Pennsylvania has entered into the gambling market and as result it has negatively impact the profits of the Delaware casinos. I have stated in the past that if you create a new state agency or program because of the additional revenue of gambling that venture should be reduced or eliminated as the revenue is lost to other states. Since Government will never eliminate a program that they created, Delaware has been paying for programs created by casino revenue out of general tax revenue, due to gambling losses, they are now bailing out the casinos with an $8 million dollar influx of tax dollars. $8 million may not seem like much since we are bombarded with trillion dollar figures by the federal government, but for little Delaware $8 million is a nice piece of change. I have a major case of heartburn due to my tax dollars being used to bail out a vice. How about generating another $8 million bail out for taverns or cigarette sales? If the casinos are losing money close one of them down or reduce the funding on the programs they support. We survived over 200 years without them, we can survive again. This is just an opinion.
Posted on: Tue, 18 Jun 2013 13:13:41 +0000
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