90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
Betting On Casinos

John Harwood in for Tom Ashbrook

More and more states are betting on casinos for critical revenue. But if everybody’s got one – or a dozen – does anybody win?

Lights in Las Vegas. (Christina McCarty/Flickr)

Lights in Las Vegas. (Christina McCarty/Flickr)

As hard as this struggling economy has been for Washington to deal with these last few years, it’s been even harder for state governments. They’re desperate to generate revenue and create jobs – and that has more and more of them turning to the casino industry. Once it made politicians blush; no longer.

But is it really a growth strategy for the long-term? Is the jackpot shrinking even as new parts of the country raise the stakes? And for individual gamblers, is it really possible to beat the house?

Up Next On Point: Who can win the big new bets on casino gambling?

-John Harwood

Guests

Doug Walker, professor of Economics, College of Charleston, and author of The Economics of Casnio Gambling.

Vin Narayanan, managing editor at the Casino City Times.

Don Johnson, considered one of the most successful gamblers today. In one night last April he won nearly $6 million.He is no longer welcome in many casinos because of his ability to beat the house.

From The Reading List

The New York Times “These days the tribe is dealing with the latest improbability in its turbulent history: financial havoc. The casino is underwater, like a five-bedroom Spanish colonial in a Nevada subdivision.”

Chicago Sun Times “Five new casinos in Illinois and slot machines at the racetracks would yield nearly $200 million a year for state government and create more than 20,000 jobs, said a report being issued Monday.”

Detroit Free Press “Backers say it would be a win for Michigan. They say the new casinos would be a boon for the state economy, create up to 16,000 new construction and casino jobs in a state with chronic unemployment and raise $300 million a year in tax revenue.”

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Sep 30, 2014
St. Louis county police officers advance on protestors trying to shut down Interstate 70 in Berkeley, Mo. on Wednesday, Sept. 10, 2014 near the St. Louis suburb of Ferguson, Mo. where Michael Brown, an unarmed, black 18-year old was shot and killed by a white police officer on Aug. 9. (AP)

Police shootings, cop culture, body cameras. And the big debate over how to protect the public and the police.

Sep 30, 2014
In this Jan. 15, 2013, photo, Rosser Pryor, Co-owner and President of Factory Automation Systems, examines a new high-performance industrial robot at the company's Atlanta facility.  (AP)

Nicholas Carr says automation, all over, is turning us into zombies. Out of touch with the world. He’s with us.

RECENT
SHOWS
Sep 29, 2014
A 1597 map of Lesbos / Mytilene, Greece by Giacomo Franco. (Flickr / Creative Commons)

How Aristotle invented science. The great ancient Greek, and life on Earth.

 
Sep 29, 2014
In this March 8, 2012 file photo, Peter Thiel speaks in San Francisco. (AP)

Silicon Valley’s Peter Thiel; the entrepreneur, investor and the PayPal co-founder’s call for deep invention.

On Point Blog
On Point Blog
Transcript: Sexual Violence Under ISIS Control
Tuesday, Sep 30, 2014

A transcript from our September 25, 2014 conversation on the Islamic State and sexual violence.

More »
Comment
 
Our Week In The Web: September 26, 2014
Friday, Sep 26, 2014

All of you love to listen to old broadcasts when we play them, and Taylor Swift loves the Internet.

More »
Comment
 
NPR’s Chris Arnold On Garnished Wages
Wednesday, Sep 24, 2014

NPR’s Chris Arnold took part in a remarkable new reporting series tackling the rise of garnished wages as a way to pay off debt. He talked to us today about the series.

More »
3 Comments