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This Tales Ending Easy to Wager On

We’d be willing to wager that advocates for special interests will turn out en masse today for the final joint budget hearing with one clear message: “We need more money.” And legislative leaders’ certain response? Don’t bet on it.

“Despite the widespread perception that the hard fiscal times are over, this `growth gap’ (the difference between revenue and spending) threatens to produce annual budget deficits for years to come, making it difficult for the state to meet its existing obligations, much less take on new ones,” a Massachusetts Taxpayers Foundation report stated.

That reality makes it all the more exasperating that lawmakers continue to ignore opportunities to expand legalized gaming to capture some of the millions of dollars spent over the border in Connecticut casinos, and increasingly, in cyberspace online casinos.

“Massachusetts people are smart gamblers – they are the players we like to see,” CasinoFortune.com president Dennis Rose told the Herald in a special Sunday report on the rise of online casinos. “They go for more of the skill games – blackjack and video poker.” Rose should know since his Internet gaming site has seen an increase of almost 30,000 Massachusetts players this winter alone – from 57,000 to 85,000.

It’s unclear how federal law applies to the regulation of such gaming since no one had the Internet in mind when wire transmission of wagers was outlawed in the 1960s. And state law doesn’t apply to off-shore gambling concerns. So online casinos locate in the Caribbean and other places where gambling is welcome, and Massachusetts’ gaming money follows.

Read the entire article at: Boston Globe 

2004 Online Casino News Archive

 

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