Supporters of the move to expand gambling in Maryland (Question 7)
have been claiming that it will bring in $200 million in additional state revenue.
That may be off by half.
According to this story by Gary Haber in the Baltimore
Business Journal, almost half of the “revenue promised from adding a casino in
Prince George’s County and table games at Maryland casinos is existing gaming
revenue…”
And that whole thing about how this gambling expansion will help our schools?
“Cutting casino tax rates for casino operators to compensate
them for lost business from a Prince
George ’s County casino will reduce the amount of money
a casino expansion would contribute for education funding, the report said.”
The study, conducted by the Maryland Policy Institute, also
found that, of the revenue from a new casino in Prince Georges
County,
You can find the complete study here.
