Column: Igaming Not a Good Bet for Virginia
A bill to legalize igaming in Virginia is argued to be detrimental to the state's economy and citizens, despite claims of revenue and job creation.Summary
This column argues against a Virginia bill proposing to legalize igaming, asserting it will negatively impact the state's economy and citizens. While proponents, including Sen. Mamie Locke and Del. Marcus Simon, claim benefits like job creation and tax revenue, the author, Tad Berman, relies on a report by The Innovation Group to demonstrate potential losses. The report predicts a decrease in foot traffic to existing casinos and historical horse racing facilities, leading to job losses and reduced tax revenue. Furthermore, the author highlights potential losses for the Virginia Lottery and increased costs associated with problem gaming disorders, estimating a net loss of over $68 million annually. The author also points to the industry's significant campaign contributions as a motive for pushing the legislation, questioning its true benefits for Virginia.
(Source：Norfolk Virginian-Pilot)