Gambling Math Just Doesn’t Add Up

One of the ongoing themes of the big gambling corporations and politicians who are straining ever so hard to bring casinos to Kentucky is that these slot machine parlors will bring in great sums of revenue to the state’s coffers that that can then be used to provide vital services for the people. It sounds great on the surface but you don’t have to be real good at math to realize that this means bad news for Kentucky’s economy.

Kent Ostrander, director of The Family Foundation of Kentucky, showed how you can see this using the industry’s last big gambling proposal from 2009. (Details of this year’s grand plan haven’t been revealed yet.)

Ostrander points out that in 2009, the governor’s plan stated that he would “raise $800 million of revenue annually.”

“That means very simply that Kentuckians would have to lose $800 million every year. If it had passed two and a half years ago when it was introduced, Kentucky citizens would have lost $2 billion (2 ½ times $800 million)”  by now, Ostrander said.

He then goes on to ask, “Would we all be better off today if we had lost $2 billion in this recession?”

Good question. Easy answer.

Please call the toll-free Legislative Message Line at (800) 372-7181 and leave a kind but firm phone message for your state senator. (The receptionist will help you with who your senator is when you tell her your county). Leave this message:  “Stand against any expansion of gambling.”

The message line is open 7 a.m. – 11 p.m. EST Monday through Thursday and 7 a.m.-6 p.m. on Friday.

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