Tuesday, October 28, 2008

Vote no on question two in Maryland

UMBC has released a study that looks at the possible outcomes of adding 15,000 slot machines to Maryland, a state with fewer than six million residents. You can download the pdf file here. http://www.umbc.edu/mipar/documents/ImpactofIntroducingVideoLotteryTerminalsFINAL.pdf

The results are quite discouraging, even if you are a proponent of gambling. The state's projected income appears to be far too high, counting on regaining every dollar spent by Maryland residents in neighboring states as well as anticipating 150% new gamblers. Pennsylvania has only recouped 20 percent of their residents who travel to play the slots.

Since the money spent on gambling must come from somewhere, other state income falls, whether from lower lottery sales or decreased sales tax.

There there is the cost, including a large initial outlay to get the slots up and running. Once they are going there is the social cost, which can be devastating, including divorce, suicide, addiction, increased crime, etc.

Appendix A of the UMBC report is six pages outlining the social costs and precisely how these numbers were arrived at.

If you're planning to vote in Maryland you should read about what this proposed change to our constitution can do to our society. Don't just listen to the "you know for kids" mantra that's running on the television all the time. Take a good hard look at the numbers and then make your decision.

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