Monday, October 15, 2007

It's the economy, stupid

Soon, our governor plans to propose the legalization of slot machine gambling to the General Assembly in a late-October special session. The idea of gambling isn't new in Maryland, with Lotto (is this still around?), the multi-state Big Game, Pick 3/4, and of course Keno. What is also not new is the idea of attempting to fix budget shenanigans at the expense of the least of us. I don't know about where you shop, but at the majority of places where I might see people buying lottery tickets, I see people who might be best served by saving their money. As for slots, there have been initiatives to legalize them for nearly 12 years, but only now does it seem likely to happen. How will it happen? Slots will be legalized either by General Assembly vote or referendum. I would prefer a voter referendum despite the 2004 Gonzales survey stating that the majority of Marylanders want slots.



The argument for expanded gambling is that the revenues could be used to help relieve Maryland's $1.7 billion budget deficit and to pay for essential services. One look at the Baltimore City School system, once a supposed beneficiary of gambling revenues, and you can clearly see that approach doesn't work. What's more, the lottery was state-run at the time. Now, you can expect an out-of-state entity to reap the majority of gambling revenue. The other problem is where do you put the machines? I don't know anyone who'd want gambling sites in their neighborhoods. Placing the machines at horse racing tracks isn't a good idea either. That will ensure larger purses for horse owners, and less revenue for the state. Ironically, slots get more people to go to race tracks, but not to see the running of the horses.

I am not against preserving the horse racing industry or gambling in general, but I believe there has to be a better way to fix our budget short-fall (higher taxes, better efficiency, and less spending). Horse racing is a rich part of Maryland's heritage, but it isn't a right. If track owners cannot increase attendance at their tracks, it shouldn't be the government's problem to fix. As well, relying on gambling revenue as a stable source of income is stupid and immoral.

Only time will tell what happens with expanded gambling in Maryland, but I'm hoping that there are a majority of legislators in the House and Senate that agree with me.

1 comment:

Courtney said...

I agree w/you, except the more taxes bit. I wouldn't volunteer to throw more money into a mismanaged mutual fund, ya know?