Institute report finds low growth in gambling revenueBy Jimmy Vielkind
11:13 a.m. | Apr. 12, 2016
As four casinos push to open their doors early next year, a report from the Rockefeller Institute of Public Policy found minimal growth in gambling revenue for states over the last decade and intangible costs associated with increased wagering options.
According to the report, which is funded by former ambassador Harry Blinken, state revenue from gambling grew by 1.8 percent between 2008 and 2015 — largely attributable to new casinos in Maryland and Ohio. Additionally, gambling revenue (including lottery revenue) declined slightly in 2015 for the second consecutive year.
"State officials considering expansion of existing gambling activities or legalization of new activities should weigh the pros and cons carefully," study author Lucy Dadyan wrote.
Here is the study: http://bit.ly/1Q4InFx