Archive for the ‘Gambling News’ Category
Mississippi officials have expressed concern over the widespread availability of virtual gambling machines.
According to Gaming Commission Executive Director Larry Gregory, the state loses at the very least $35.9 million in lost tax revenue every year on the virtual gambling machines. This estimate is conservative, said Gregory, since it is based on an average of 100 machines in each of the state’s 82 counties, and there are probably many more.
Since virtual gambling is illegal outside casinos in the state of Mississippi, the large majority of the machines in the state are illegal.
Law enforcement officials say that, although they know that there is a virtual gaming machine located every few miles throughout the state, stopping this activity is relatively low on their list of priorities.
J.W. Ledbetter, chief of criminal intelligence for the Gaming Commission, maintains a staff of five full- time officers who deal exclusively with the gambling industry. However, he says that both his budget and his manpower are insufficient for truly tackling the virtual gambling industry. In an average year, the Gaming Commission seizes around one thousand machines. However, with more resources, Ledbetter says that he could seize many more.
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Last week, eight meat- packing plant workers in Nebraska shared a $365 million Powerball lottery gambling game. That amounted to a total of $22 million for each of the workers from the ticket that was purchased by one of the men in their gambling game group. After taxes, each of the eight (former, most likely) meatpacking workers is richer by around $15 million.
The event was heavily covered by the media, for obvious reasons. This is a true rags- to- riches human interest tear- jerking story. Even CNN devoted close to an hour of unedited coverage to the ceremony celebrating the gambling game victory story, interrupting a regularly scheduled broadcast to announce the winners.
As interesting as the story of the Nebraska gambling game winners may be to audiences across America, public health experts warn that the lottery is just that: a gambling game, and not a reasonable alternative to saving for retirement or for a child’s college education.
Verna V. Gehring of the School of Public Affairs at the University of Maryland cautions that, contrary to the beliefs of many Americans, gambling game lotteries are not a “prudent personal investment strategy.â€
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