Events » Video Slot Gaming

Video Slot Gaming

Video Slot Gaming:
Weighing the Costs and Benefits

With comments by
Robert Carpenter
Associate Professor of Economics,
University of Maryland, Baltimore County

According to Mr. Hemphill’s report (available here) legalizing video slots at the state’s horse tracks would provide new jobs, financially strengthen Maryland’s horse racing industry, and create an important new source of state revenue. Those gains would come at some social costs, but recent academic research indicates those costs should be modest. However, the machines will not be the cash cow that they have sometimes been construed to be. The gaming industry – like most other industries – is highly competitive; if Maryland attempts to take too large a share of the net revenues or too tightly regulates gaming activities, it will diminish revenue for both the tracks and the state.

Friday, March 14, 2003
Miller East 1 Conference Room
Miller Senate Office Building
Annapolis, Maryland
10:00a.m.
(Refreshments will be served)

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