PLEDGE NOW
Is The Gamble On Casinos Paying Off?

Do we now have a national casino glut? All the problems, less upside?

An artist's rendering of MGM's proposed resort-style casino in Downtown Springfield (Courtesy)

An artist’s rendering of MGM’s proposed resort-style casino in Downtown Springfield, Mass. (Courtesy)

Decades ago, Las Vegas and Atlantic City hit it big with casinos. The jackpot story lingered as gambling and casinos spread across much of the rest of the country, on riverboats and reservations and promises of endless new revenue for struggling states. Best of all, it was casino visitors from out-of-state who would feed your state’s slot machines and coffers. Now, casinos are all over. Two dozen within a hundred miles of Philadelphia. Shakeouts in Indiana and Mississippi. Near “saturation” in the Northeast. Locals now the players. And revenues, down. This hour On Point: the casino pinch.

– Tom Ashbrook

Guests:

Vin Narayanan, Managing editor at the Casino City Times.

Doug Walker, Professor of economics at the College of Charleston, expert on the economic and social effects of casinos and author of Casinonomics: The Socioeconomic Impacts of the Casino Industry, and The Economics of Casino Gambling.

Barbara Dafoe Whitehead, Director of the Center for Thrift and Generosity at the Institute for American Values, a New-York-based think tank focusing on family and social issues, and editor of Franklin’s Thrift: The History of a Lost American Virtue.

From Tom’s reading list:

The Wall Street Journal (Subscription): Casino Boom Pinches Northeastern States – Racetrack casinos used to contribute as much as $240 million a year to Delaware’s tax coffers. But as the Northeast becomes saturated with gambling venues, the state’s casino revenue has tumbled, prompting a new industry request—for a tax break.

The New York Times: Gaming the Poor – In recent years, 23 other states have legalized and licensed commercial (as opposed to Native American) gambling facilities. In the casino-dense Northeast and mid-Atlantic regions, where 26 casinos have opened since 2004 and at least a dozen more are under development, most adults now live within a short drive of one.

ABC News: Tunica Reels as Competition, Recession Hit Casinos – The Tunica Miracle — as boosters called the coming of gambling to what had been an isolated, economically moribund slice of the Mississippi Delta — is over. A boom that peaked with 13,000 jobs has slid into a struggle for survival.

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
May 24, 2016
U.S. President Barack Obama meets with Vietnamese Communist party secretary general Nguyen Phu Trong at the Central Office of the Communist Party of Vietnam in Hanoi, Vietnam, Monday, May 23, 2016. (AP Photo/Carolyn Kaster)

Obama’s in Vietnam and Japan. The G7, Hiroshima and his pivot to Asia are all on the table. We look at the big picture.

May 24, 2016
Activist and author Gloria Steinem. (Carly Romeo / Courtesy Gloria Steinem)

Feminist icon Gloria Steinem explores how violence against women drives global instability in her new show, “Woman.” She’s with us.

RECENT
SHOWS
May 23, 2016
Robin Wright, right, attending the Emmy Awards in 2015 with Kevin Spacey. The pair star in "House of Cards" on Netflix. Wright recently shared that she fought to have an equal salary as Spacey. (Alex Berliner/Invision for the Television Academy/AP)

The pay gap between men and women is much greater in white-collar than blue-collar jobs. We’ll look at why, and what should be done about it.

 
May 23, 2016
A long line of travelers wait for the TSA security check point at O'Hare International airport in Chicago. Some major airports are currently seeing wait times exceeding 90 minutes at peak hours. (Teresa Crawford/AP)

The latest on the EgyptAir crash, and the latest on the TSA and security in the United States.

On Point Blog
On Point Blog
‘Best Of’ 2016 Commencement Speeches
Monday, May 16, 2016

Excerpts from a few of the best commencement speeches delivered to the graduating class of 2016.

More »
Comment
 
Caller: Trump is a ‘Yankee moron,’ but I support him
Tuesday, May 10, 2016

“I’m a working man. I’ve worked 13, 14 hours every day. I got two jobs. I got three kids. I got a wife. You know, I’m not a misogynist.”

More »
Comment
 
Devoured: We Are What (And How) We Eat
Tuesday, May 3, 2016

From chicken wings to kale smoothies, we look at what we eat, and how challenging it is to eat well in America.

More »
Comment