Gambling In Texas Essay

The growing industry of gambling creates revenue from taxes, but is it really profitable? Smith-Christopher claims “the total amount accounts for less than a quarter of the gambling industry revenues nationwide each year.” It can be said that gambling can help economic progress, “Nearly half of all tribal gaming enterprises earn less than $10 million in annual revenue, and one-quarter earn less than $3 million each year. On the other end of the spectrum, about 40 tribal casinos (or about 1 in 10) take in two-thirds of all Indian gaming revenues” (Smith-Christopher). The economic benefits that gambling creates may outweigh the addictions it may create. Walker claims, “As gambling expands, the gambling industry and government are beginning to

Thesis Statement: Legalizing casino gambling in the state of Texas would enhance society and will be beneficial for the entire state.

Well why exactly does New Jersey want something that they didn’t in 1993? The answer is money. With sports betting, New Jersey could regulate this, tapping into the ever growing activity which could nets around 150 billion a year. Injecting such into a

Our governor along with many other people in our state, recognize that our tax system is biased, unethical, and needs reform. Governor

Full-blown Casinos: House Bill 1724 by Jose Menendez (R-San Antonio) and Jim Pitts (R-Waxahachie), as well as its Senate version by Sen. Rodney Ellis (D-Houston) would establish full-blown casino

Despite the tremendous economic success in Texas and its overall well-being, the state continues to face its nonstandard set of challenges that must be addressed immediately. Certainly, the most pressing issue is a deteriorating transportation infrastructure, which requires innovation, long-range planning and, of course, investment (Button & Reggiani, 2011). The following study focuses on the deteriorating transportation infrastructure as a major issue facing the state of Texas. The report will also discuss the positions of two major Texas political parties (Republican and Democratic) on the issue. It further explains the ways of their addressing it. Next, it will discuss the overall goals, the position, the level of lobbying and the

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Mike Justice, a member of the Siletz tribe in Oregon, is jobless and lives with his recovering addict wife and son (The Economist, 2015). He could work at the tribe’s casino, but instead collects welfare payments and $1,200 yearly from the casino per capita payments (The Economist, 2015). The minimum wage he would make at the casino would barely pay for the transportation costs, since Justice has no vehicle, so he would rather not work and collect money (The Economist, 2015). This is a growing problem and a newer study in the American Indian Law Journal of 24 tribes in the Pacific North-West shows that growing casino revenues can actually make poverty worse as poverty rose from 25% to 29% from 2000 to 2010(The Economist, 2015). Of the 17 tribes in the study that paid directly to tribe members, poverty rose in ten of them (The Economist, 2015). Why the rise in poverty? One reason is the way the money is distributed. The more an individual is paid, the more he has the desire not to work (The Economist, 2015). Obesity, poor health, drug abuse, and alcoholism are already problems and without health insurance, from not working, these problems get much

According to Young, a 0.25 percent sales tax hike, increasing the county’s collections from 6.75 percent to 7 percent, would generate an estimated $1.6 million annually. He proposed a five-year tax, which would provide the funding to get halfway through a 10-year plan to resurface all the county’s roads.

First, the state has to find construction workers to work on building the commercial casino. In a casino there are many different workers. There are dealers, a broker, bartenders, chefs, cooks, clerks, bingo caller, floor worker, waiters, host, managers, change attendants, cashiers, runners, technicians, security officers, and surveillance officers. In Las Vegas, Nevada there were 170,206 people employed at a; casino in the year 2012. Nevada is ranked 35th in state population and has a population of 2,790,136 in the state. Texas is ranked 2nd and 26.96 million. One of Nevada’s major industry is gambling. If the state of Texas were to legalize gambling the state unemployment rate would go down. Not only would people get employed by the casinos. Other businesses would flourish also creating new jobs. Hotels and motels would be built. Restaurant and brothels would be built. The newly built hotels, restaurants, and bars would need employees. More people would be employed causing the unemployment rate to go down once more. Las Vegas is a testament of the powerful ability of gambling to foster economic development. Las Vegas has shown impressive job growth, developed into a major city with a low tax burden that many state and local governments look at with envy, and has spawned significant private and public sector investment (Library of California). A Wisconsin study shows major economic impact when the state practiced Indian gaming (a

The Seminole Tribe has had a semi-monopoly over the gambling and casinos in Florida. The Florida State Legislature is considering the options on expanding gambling in Florida. Many Florida residents believe that the expansion of gambling would bring crime and other social issues such as white collar crimes, fraud, credit card, and employee theft. Two of the major opponents of expanding gambling are Walt Disney Co. and Universal Studios. Other Florida residents feel that it is time the expand the gambling industry. Expanding the gambling would help grow the economy by creating jobs and by increasing tax revenue. Even though gambling could bring crime and other social problems, it should be expanded because Florida would benefit from the additional

As the casino industry brings in the community with income and tourism, there are more and more countries legalizing and liberalizing this industry. However, the expansion of the casino industry depends on the ability to grant credit to guest. In Nevada, the casino credit accounts for more than fifty percent of the revenue generated by games in the states larger casinos. (Auguilera, Rubinstein, and Reid, 2000) Steve Wynn Resort did not start to conduct the Wynn

Robert Kiyosaki once said, “Successful people take big risks knowing they might fall hard but they might succeed more than they ever dreamed.” This man is a billionaire that hit the jackpot, while gambling. He now owns eleven different businesses and he is worth over eighty million dollars. If someone could learn how to astute, they could live like him too. The articles, The Legalized Gambling Debate, Sports Betting Should be Legal, and Should Sports Gambling be Legal?, all attribute thought to this suggestion. Gambling is a feasible business as it provides revenue, sponsors education, and inspires gamblers.

In the early 1930s, gambling was legalized throughout the state of Nevada and casinos began to flourish (Dunstan, 1997). The economic growth in Nevada, especially the city of Las Vegas, has improved tremendously by the creation of casinos. Many people were employed since the operation of casinos requires a huge amount of labor, skill, and expertise. In addition, local retail sales also increased from casinos when gamblers visit the stores to spend their winnings on various items and products (Garrett, 2003). As a result, many state governments began to legalize casinos in order to boost their economies and increase employment. As of today, there are roughly 1500 casinos in the United States and they generate almost 65 billion dollars in revenue (“Facts on U.S Casinos” 2013). However, casinos use immoral methods to achieve this incredible feat of big profit with few government interventions. While the city of Las Vegas becomes more prosperous than before, many citizens lose their fortunes or even lives by the immoral business practices implemented by the casinos. Even though the

Most of us have heard of fantasy football. Online fantasy has risen in popularity over the past couple of years, due to advances in technology. With this rise in popularity, it has raised eyebrows at the state and federal government levels. There are many grey areas when it comes to gambling online, that many people still don’t understand. Many questions are being asked, such as legal transactions with credit cards, is online gambling causing a problem with a rise in gambling addiction? Over the course of this report, I will go over the good and the bad of making online gambling legal and regulated.