Was Gambling in Oklahoma a Good Bet?
Stateline has an interesting story that compares the pre-opening promises and the revenue reality of legalized gambling around the country.
In the 13 states that have legalized casinos, racinos and lotteries in the last decade, two-thirds of them haven’t kept promises “made by political and industry champions,” Ben Wieder reports.
While on the campaign trail in 2002, former Oklahoma Governor Brad Henry predicted that a lottery could bring the state $300 million a year to help education. The Democrat later revised those numbers down to $150 million, but the actual return has been more like $70 million.