Casinos are a dumb way for state to raise money
The Oct. 25 News discusses the hidden costs related to casino gambling. I completely agree, but my real concern is why Gov. Andrew Cuomo has proposed such a stupid idea for raising money for New York State.
To be specific, state lottery gamblers wager $8.9 billion per year. The house take is 60 percent, and provides $3 billion to be used for education. In New York State casinos, the house take will need to be limited to 6 percent, otherwise the casino gamblers will go elsewhere. Do the math – casinos are a stupid way for the state to raise money.
Michael F. Patterson