MN Legislators Debating Gambling Expansion

Minnesota legislators are debating the issue expanding gambling. Right now plenty of businesses in the state are requesting the approval for slots games or table games. They want to use the money generated from these popular activities as a means of bringing in their own revenue streams for expansion and job creation. Remember that the market is still close to the aftermath of the recession. Businesses still have not returned to their former ways of operations and are having problems with getting back there. Whether or not they will any time soon is up for debate too. Still, but business owners are making their strongest petitions to the state in an effort to get gambling set up for them. They believe that gambling is the surefire cure for lagging sales and if they can implement a strong plan, they can easily benefit from the money generation. One thing that people know is that gambling is high-dollar business. The growth of gambling has floored many an expert over the past few decades. It is a multi-billion dollar business that is showing no signs of waning—despite the economy’s fluctuations. This is why so many businesses are looking to bring it into their floors to save their markets.

There is a problem though. In Minnesota business owners met at the state’s Capitol recently to discuss their issues. Their problem is that if more bars are allowed to bringing gambling games, they could squeeze out existing locations for gambling. It could seriously diminish the revenue casinos in the state have already solidified through years of hard work. This is why casino operators are not happy with the proposal. They know that bringing gambling to other establishments could help them survive, but what about casinos? One casino owner estimated that if a local racetrack is given the approval for gambling games, the casino could end up losing up to forty-percent of their current revenue. This is a difficult problem for the state’s legislators to sort out. Though they want things to be fair, the bottom line is the more games they have operating in their market, the more tax revenue dollars they are bringing in. This is something that legislators have to weigh out carefully though because bringing in more money to the state could come at the expense of casinos in the state.