Introduction
Ka-ching! A slot machine pays off at the Aria Resort and Casino in Las Vegas. Commercial and Indian casinos in 38 states account for 65 percent of the revenue from gambling. Lotteries account for nearly 30 percent. (Getty Images/City Center/Ethan Miller)
|
Gambling was once illegal and widely regarded as immoral in most of the United States, but today it is a popular pastime, a $90 billion industry and an important source of revenue for state and local governments and Indian tribes. Lotteries in 43 states and the District of Columbia collectively generate $18 billion in revenue for state and local governments. Commercial casinos contribute $8 billion, while Indian tribes negotiate payments to states for permission to operate casinos on tribal lands. Casino companies promise jobs, economic development and other payoffs, but critics say the benefits are exaggerated and the social costs of gambling ignored. Lottery advocates view the game as a politically palatable revenue source, while critics warn against encouraging compulsive betting by lower-income residents. The criticisms are having little impact, and gambling may become more pervasive with the advent of legal online poker and other games.
|
|
|
 |
Oct. 28, 2016 |
Betting on Sports |
 |
Jun. 15, 2012 |
Gambling in America |
 |
Mar. 07, 2003 |
Gambling in America |
 |
Sep. 06, 1996 |
Gambling Under Attack |
 |
Mar. 18, 1994 |
Gambling Boom |
 |
Nov. 09, 1990 |
Lucrative Lure of Lotteries and Gambling |
 |
Feb. 27, 1987 |
State Lotteries |
 |
Sep. 28, 1979 |
Gambling's New Respectability |
 |
Mar. 08, 1972 |
Gambling in America |
 |
May 25, 1960 |
Betting: Legal and Illegal |
 |
Dec. 14, 1951 |
Gambling Controls |
 |
May 21, 1942 |
Government Lotteries |
 |
May 04, 1934 |
Lotteries for Public Revenue |
| | |
|