Casinos Are for Losers [Gambling]

Michael Sokolove’s NYT Magazine cover story this week is about the decline of the casino gambling industry—overinvestment followed by the recession, and oversupply of casinos which raises competition for a declining amount of disposable income. What will this mean for state tax revenue? What will this mean for Native American tribes? What will this mean for gamblers with money burning holes in their pockets? More »