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Gambling as Easy Way to Pay Bills

The first state after Nevada to get hooked on gambling was New Jersey, with its Atlantic City casinos. The poster boy for New Jersey gambling on the week of my trip is Michael Sandberg, a Princeton senior, who plays online and has won $120,000 at poker. Sandberg is thinking of making a career of poker. He ranks in the bottom fifth of his class and says he doesn’t think he can make as much money doing anything else — even with a Princeton degree.

Back home in Indiana. With our riverboats, we now rank fourth in the country in terms of casino tax revenue. But, as we know from this year’s legislative session, there is an appetite for more. As in other places, the question is where to put them.

It is a stone-cold fact that racinos have bailed out the thoroughbred horse and racing industries in a number of states. At a recent visit to the horse track in Charlestown, W.Va., I found few customers outside actually watching the horses run, but hundreds bellied up to the slots indoors. If you can marry horseracing to video poker and slot machines, why not pro football?

We need a stadium for the Colts and need to figure out how to pay for it. My modest proposal is that we build a go-to-hell stadium guaranteed to bring the Super Bowl to Indy and pay for it with world-class casinos in the basement. The Colts only use the place a few afternoons a year, but casinos could run 24/7 every day but Sunday. No slots on the Sabbath.

Read the entire article at: IndyStar.com 

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