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Gambling Revenues Are Big Chunk of Some States' Revenues

DOVER, Delaware – As reported by the New York Times: "Gambling revenues, once a mere trickle, have become a critical stream of income in a number of states, in some cases surpassing traditional sources such as the corporate income tax and helping states lower personal income or property taxes.

"The sums are so alluring that some officials are concerned that their states are becming as addicted as problem gamblers.

"…In Rhode Island, South Dakota, Louisiana and Oregon, not to mention Nevada, taxes from casinos, slot machines at racetracks and lotteries make up more than 10 percent of overall revenue, according to a new report. In five other states — Delaware, West Virginia, Indiana, Iowa and Mississippi — gambling revenues are fast approaching 10 percent.

"So vital has the money become that in Rhode Island, gambling revenue has become the state's third-largest source of income, after the personal income and sales tax…"

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