Thursday, December 04, 2008

It could be worse. It could be Ohio

It's funny to hear all these state crying about the state of their budgets all while they sabotage their own business communities.

Take the state of Illinois, where state casino revenue is down 20.3 percent. Because of the general economic downturn? No. Because they've banned smoking in the state.
The struggling economy has dealt a bad hand to the nation's usually robust gambling business, a downturn made even worse in Illinois, where the state's nearly year-old smoking ban has proved unhealthy to casinos.

Among those paying the steepest prices are local governments, charities and their clients, who have come to rely on gambling tax receipts.

The big gambling states— Nevada, New Jersey and Mississippi—are off 5 percent to 7 percent in casino revenue. But the picture is worst in Illinois, where casino revenue is down 20.3 percent this year.

Gambling officials estimate that the state will get between $150 million and $160 million less in taxes, most of it earmarked for education. Statewide, the eight communities with casinos will see $20 million to $25 million less than they took in last year, officials estimate.


It could be worse. Illinois could be the state of Ohio where we don't even get a casino to not smoke in.

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