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Gambling Bill May Generate $52 Million in Inaugural Year

November 9th, 2012 by WCBC Radio

Table games and a sixth casino are coming to Maryland. When the final votes were tallied-  nearly 52 percent of statewide voters cast ballots to allow all of the state’s existing slots casinos — in Perryville, Ocean City and Anne Arundel County, plus the ones in the works in Baltimore and at the Rocky Gap resort — to add table games. It will also authorize a sixth casino, in Prince George’s County, which will feature both slot machines and table games. Legislative analysts estimate that the bill will generate an extra $52 million for casino operators and the government in its first year. Proponents added that a new casino and expanding gambling would create thousands of new jobs, attract tourists and bring more revenues for education. Opponents have responded that gambling would not necessarily increase money coming into schools, that it will exact high social costs and return too much money to the pockets of developers and casino operators. One of the more high profile and most vocal opponents has been state Comptroller Peter Franchot.

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