GSCAEG - Casino Backers Fess Up: License Money Will Not Fix Current Budget

Granite State Coalition

Against Expanded Gambling    Recent News


Casino Backers Fess Up: License Money Will Not Fix Current Budget

Lou D'Allesandro, the legislature's lead backer of predatory slot casinos, finally admitted last night that the $80 million in casino money in the Senate budget will not be available to support spending in the current budget.


The Concord Monitor reports this as follows: "D'Allesandro acknowledged during discussion of his gambling proposal that it would "not be wise" to spend gambling license money immediately, since that money would have to be refunded if a licensee were unable to go ahead with building a casino."


"Reliance on casino money makes the Senate's budget flagrantly smoke and mirrors," said Jim Rubens, GSCAEG Chair. "The House should listen carefully when the lead architect of gambling proliferation says it would be unwise to build a budget on casino money."


Maryland's experience confirms that New Hampshire budget-makers should count on zero slot casino license or tax revenue for at least two years. In a special report issued yesterday, "No jackpot for Maryland slots", The Pew Center on the States notes that, 18 months after legalization in November, 2008, "... not one quarter has yet flowed from the machines to the state treasury, which had expected to take in $90 million merely from awarding the licenses."


The Coalition is chalking up an uncanny record of exposing exaggerated casino tax revenue claims being made by the gambling industry. GSCEAG predicted two years ago that Millennium would welch on its promised 49 percent tax rate. The proposed rate is now 39 percent. The Coalition predicts this rate will drop to nearer the national average of 22 percent.


What Happens When Casino Money Is Less Than Promised?


Foxwoods Official Says State Should Consider Lowering Gambling Age
The Hartford Courant
May 13, 2010

MASHANTUCKET - Connecticut should consider lowering its legal gambling age from 21, perhaps to 18, and consider allowing alcohol sales until 4 a.m., the leader of the Indian tribe that owns Foxwoods Resort Casino said Wednesday.

Rodney Butler, chairman of the Mashantucket Pequot Tribal Council, said these changes and others might help Foxwoods (and presumably rival Mohegan Sun) better compete with gambling operations in more permissive states...