There is no doubt that legalized gambling has exploded in the region and around the country, from the internet and multistate lottery games to riverboats and casinos at race tracks dubbed racinos, says Patrick Crowley of the Cincinnati Enquirer. Legalized commercial gambling is becoming one of the biggest controversies within state governments. Abolitionists believe that legalizing commercial gambling in the state of Ohio will bring an increase in crime levels, moral issues, and an increase of economical hardships within families.
Activists believe that it would bring an increase in the number of jobs in Ohio, an increase in tax revenue, and also increase the amount of tourism. Would the benefits overcome the potential risks of legalizing commercial gambling in Ohio? Yes, I strongly believe that the outcomes of legalizing commercial gambling within Ohio would overcome the potential risks because of recent marketing studies performed by third party marketing firms. Abolitionist, believe that one problem with legalizing gambling in Ohio is that it will bring new opportunities for organized crime to prey on.
A good indicator of what might happen is looking at the situation Las Vegas found its self in shortly after legalizing gambling in 1931. After Nevada legalized gambling the crime syndicates found a new way of producing income, casinos. The casinos that they ran would have such high odds stacked against the gambler, it was almost impossible to win. Another way the made a profit was to loan money to gamblers who ran out of money, at extremely high interest rates. If someone failed to pay on time the mob would come and collect, this usually meant torture, or even murder.
Today researchers have found that organized crime is more of a product of illegal or poorly regulated gambling than well-regulated gambling, according to William R. Eadington. Also because of previous public scrutiny casino companies have taken into their own hands to be Dominated by publicly-held companies, many with household names like Hilton and Sheraton, The casinos are also answerable to their shareholders, who are thousands of individuals and institutional investors.
They are also answerable to the Securities Exchange Commission, and indistinguishable from any other business with accountants, attorneys, payroll specialists, auditors, and market researchers. On top of all of those things, they are licensed and tightly regulated by state governments, according to Donald Hunter and Ernest Bleinberger, authors of Gaming in America. Abolitionist site biblical examples as to how gambling goes against common moral standards. According to Lamar E.
Cooper Sr, The Bible teaches that we are to live by our own work, not by the exploitation of others. He also states that, Gambling is not an investment in anything; it is a simple win/lose proposition in which the winner takes all and the loser forfeits all. If commercial casinos are legalized in Ohio, the 11 proposed sites for land- based casinos would generate an estimated 610 million in tax revenue on winnings, of the estimated 610 million received in taxed revenue, some will go towards rehabilitation and education for problem gamblers.
Contrary to Cooper, gambling is an investment were the loser ends up winning in the long run through education and rehabilitation and also the winner doesnt take all because their winnings will be taxed. Also by legalizing commercial casinos we will be living by our own work, because the proposed 11 casinos would create an additional 85,000 jobs in Ohio which in turn means more revenue going to the state of Ohio through income taxes. Also giving the workers the opportunity to spend money they worked for, within our states casinos instead of going out of state to gamble.
Because of cannibalism, abolitionists believe, casinos destroy small town economies, while the state government reaps the profits. Contrary to this argument, the 11 proposed sites for casinos in Ohio are targeted towards larger urban areas because they meet criterion such as: Retain Ohio resident spending within the state (seal the borders). Attract new visitors to Ohio and increase the level of spending of existing visitors. Minimize cannibalization of demand between Ohio gaming markets.
Minimize the redirection of existing spending within Ohio (local product substitution). Maximize tax revenues and employment in Ohio. Maintain the competitive position and viability of Ohio race tracks and casinos. Access, visibility, and proximity to major arteries and ports of entry. Existing supporting infrastructures, amenities, and attractions to augment the casino. And finally, an adequate labor pool. Because of this criterion the state is looking at areas such as, Cincinnati, Cleveland, Columbus, Toledo, Dayton, South point, and Steubenville.
Because these cities already have superstructures that can support a casino such as large fire and police departments, large scale retail stores, proximity to interstates, airports, lakes and large rivers were many people would tour to. Studies have shown that these areas would generate an estimated 410 million from outside casino gambling such as, overnight accommodations, eating and drinking places, retail sales, entertainment, and transportation.