Saturday, November 30, 2013

Casinos or no casinos, a real gamble for Virginia

While Virginia’s legislators have held steady against the growing tide of casinos spreading across the U.S., there are millions of reasons to believe that it’s only a matter of time before the commonwealth folds, even if legislative opposition is still strong.

According to the Washington Post, there are casinos in “various forms” across 39 states in the U.S. Twenty-five years ago, casinos were limited to New Jersey and Nevada. While these two cities remained the top earners in 2012, there were six other cities/states that raked in over one billion dollars in annual revenue during 2012. Even in the best of economic times, it’s difficult to look the other way at the potential state income generated by the casino industry.

While moral arguments have long been used to deflate attempts to legalize casinos in Virginia, critics of legalizing casinos have also cited the correlation between casinos, crime, substance abuse, and mental illness (i.e., the social corruption argument). There appears to be statistically significant evidence to prove such a correlation exists, albeit with a few reservations for factors that are difficult to control for.

As more evidence accumulates from states where casinos are legal, Virginia’s citizens and legislators can come to more informed conclusions about what effect legalizing casinos could have in Virginia. If it can be shown that casinos do not have a strong correlation to social corruption, the legalization of casinos could be well on its way in the commonwealth.


Regardless, there are millions of reasons why legalizing casinos in Virginia may go ahead anyways. While Virginia has shown a slow but steady economic recovery following the last economic recession, casinos will prove to be a very tempting source of revenue if and when a new economic recession/depression sweeps through the state. 

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