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States The Ante in Bid in order to Lure Other States’ Gamblers

Cash-hungry states have prolonged tried to poach business in one another. Now many are stepping up their efforts to lure gamblers off their neighbors to their growing ranks of slots, leaving states like Delaware, which embraced gambling first, struggling to keep up in what has developed into a feverish one-armed-bandit arms contest.

Gambling revenue accounts for greater than 7 percent of Delaware’s common fund budget, making it the state’s fourth biggest revenue stream, ahead of its corporate income tax and gross receipts taxes. But when new casinos inside Maryland and Pennsylvania did start to attract the gamblers exactly who once fed quarters in Delaware’s machines, the state acted. First it legalized a sort of sports betting. Then it allowed dining room table games including blackjack, craps and roulette. But its gambling income have continued to slip. casino365days/html

So at the end of June, Gov. Jack Markell, a Democrat, signed a law that could make Delaware the first state to provide Internet gambling - giving its residents the opportunity to bet on video lottery online games and online versions regarding games like poker, blackjack and roulette devoid of leaving their homes. Read More.