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Texas Loses By Not Legalizing Gambling, Study Says
AUSTIN, TEXAS --
A study of gambling and its potential import on Texas economics found that the state is currently losing financial benefits to neighboring states by not legalizing some form of casino gambling. The survey by the Texans for Economic Development says Texas is losing $2.4 billion in revenue to other states allowing slot machines and Native American casinos.
John Hockenyos, author of the study, said, "Right now, Texas is exporting most of the benefits we could realize from having gaming." The study projected 53,000 new jobs would be created by expanding gambling, and almost a billion dollars a year in tax revenue would result.
Texas lawmakers are considering redoing the states gambling statutes, among the most restrictive in the country. Economic conditions have forced those reluctant to visit gaming as an alternative to reconsider, and the ascension of Joe Strauss, a member of a prominent horse-racing family, to the Texas House Speaker position is regarded as good for gaming interests.
The Tigua Tribe was forced to close its casino near El Paso in 2002 after then Texas Attorney General John Comyn sued successfully on the grounds that the Tiguas were in violation of Texas statutes against gambling. Since then El Paso representatives have pleaded for a return to the days when the Tigua casino pumped life into the local economy.
Conservative politics have long made gambling a taboo subject in Texas, but the times, they are a-changin'.
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Recent Comments
| Posted by ja wade on 02/18/2010 10:14:31 AM EST |
| It's so ridiculous that texans have to drive to la or okla to gamble, or hide out under cover in the little 8-liner game room...I know legalized gambling would create so many more jobs, thousands have lost jobs here in texas...I know had Ann Richards been re elected we would have had legalized gambling...what is up with this governor...but he says texas dosen't have any problems, don't need any money....when I'm out during the day it seems no one is working?...where are the jobs...I'm a senior citizen, if I want to gamble , it's my right. |
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