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Gambling and the USA National Debt

COULD ONLINE G AMBLING BE A SOLUTION USA'S NATIONAL DEBT? to the 100 IS THE -U.S.- MISSING OUT ON A JACKPOT? 2011 - top 5 PLACING THEIR BETS CASINO TAX REVENUE the top 5 state Minnesota NATIONAL DEBT: Indiana DEBTS $15.7 $6.2 $846.37 MILLION New York (2012 projected debts) $593.4 TRILLION BILLION MILLION California Connecticut $28 $3.4 Nevada BILLION BILLION $866 Pennsylvania $1.456 MILLION Florida BILLION Illinois $15 $3.6 Louisiana BILLION $573.19 BILLION MILLION http://www.cnn.com/interactive/2011/02/politics/table.state.budgets/ Colorado WHAT'S IN THE POT? Delaware Illinois Indiana Iowa Louisiana Maine Commercial Maryland Massachusetts CASINO STYLE GAMBLING IS Michigan Mississippi Missouri ONLY LEGAL IN 22 STATES: Nevada In 2011, US commercial casino revenues reached $35.64 New Jersey Ohio Oklahoma Pennsylvania South Dakota Washington West Virginia BILLION ANNUAL $7,93 TOTAL REVENUE from commercial casinos BILLION of those revenues are collected by state and local governments as direct gaming taxes. Average state revenue from commercial casinos. $1.62 of that BILLION 360.5 if all 50 states legalized gambling collectively, they would earn an estimated $81 MILLION of that $18 is from tax revenue If all 50 states legalized gambling BILLION BILLION Pennsylvania has a tax rate of 48% annually tax revenues would be increased by is from tax revenue $38.9 on gambling profits BILLION if the USA WON THIS JACKPOT WHAT COULD THEY DO WITH THE WINNINGS? HIRE 889,764 TEACHERS Average High school teacher's salary: $43,697/year HIRE 777,009 POLICE OFFICERS Average police officer's salary: $50,038/year PROVIDE 5,461,441 COLLEGE TUITIONS Average annual public university tuition & fees: $7,119/year BUY 85,263,158 NEW LAPTOPS FOR STUDENTS Average cost of new laptop: $456 GAMBLING TAXES BUY 324,000,000 TEXT BOOKS FOR STUDENTS Average cost of highschool textbooks: $120 put to good use LAUNCH A SPACE SHUTTLE 32.4 TIMES 48% Average space shuttle launch: $1.2 Billion 6.75% OF CASINO REVENUES IN ON GROSS BUILD 4,316.32 MILES OF INTERSTATE Average cost of 1 mile of interstate: $9,007,672 GAMING REVENUE PENNSYLVANIA went to taxes for Nevada $3 top 5 states for ยท CASINO TAX REVENUE 21.5% PER PATRON ADMISSIONS TAX TAX IN LOUISIANA in Indiana for all Riverboat Casinos WHAT THE TAX GOES TOWARDS NEW YORK REVENUE RETAINED PENNSYLVANIA $1.456 BILLION by operator 1. 32.86% Property tax relief, economic development, tourism, horse racing industry, host local government NEVADA $865.25 MILLION Education, local governments, general fund, problem gambling programs Caesars' CEO, Gary Loveman estimated that under a federally regulated scenario INDIANA $846.37 MILLION Economic development, local government THROUGH TAXES, THE U.S. ONLINE POKER INDUSTRY C OULD RAKE IN $6 to8 NEW YORK $593.40 MILLION BILLION Education annually LOUISIANA $573.19 MILLION IF INDIVIDUAL STATES COLLECTED General fund, city of New Orleans, public retirement systems, state capital improvements, rainy day fund THESE TAXES, THE STATES REVENUE WOULD IMEDIATELY BE $2 to3amually IS THE BILLION US- http://money.msn.com/investing/latest.aspx?post=caaea4b0-e7ae-daas-9ccc-1 fa00Sb3790b LETTING TAX DOLLARS WHAT DO YOU THINK? THAT COULD BE SPENT ON EDUCATION LAW ENFORCEMENT RESEARCH GO TO WASTE? Casinoorg 00 %24 %24

Gambling and the USA National Debt

shared by NowSourcing on Jun 25
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A look at the possibility of online gambling being used to pay off the USA national debt.

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Casino.org

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Economy
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