Thursday, August 29, 2019
Texas legislators should pass and legalized gambling to help keeping the money inside the state and also earn more revenue through tourism and other associated industries. Compare to neighbor state Louisiana, Texas has lost millions and millions dollars per year because Texans crossing the state line for gambling habit. If gambling was legalized, the revenue from this industry would surpass any others. It would not just bring revenue and taxes from casinos but also boosting others industries such as tourism, retails, construction industry and more. Legalized gambling would create more jobs in all industries keeping the Texas stronger through unpredictable profits the state could benefit from it. Legalized gambling would stimulate the economy by creating jobs. Take Nevada for example, there were 193,000 full-time positions were opened in Clark County for hotel industry alone in 1999 (Romano). For Louisiana, a smaller state with legal gambling, also reported over 368 million in annual salaries to employees along with 20% residents ended their government assisted program by working in casino (Cannon). Looking at these two states with legal gambling, Texas could have an even better chance to make more revenue with legalizing gambling. With all the revenue generated from gamble industry, Texas could able to start more programs to help the low income families and lower the unemployment rate. Another indirect impact from legalized gambling is that more casinos, restaurants, shopping malls would be built which would boost construction industry to another level. With the growing in construction industry, the retails for dry wall, wood, cement would be rocketed. In Louisiana, Ã¢â¬Å"over 1. 7 billion has been invested in facility construction in Louisiana by casinosÃ¢â¬ (Cannon). Going along with the development of construction industry, the real estate industry would also grow rapidly to accommodate the needs of housing, leasing offices, hotelsÃ¢â¬ ¦ With the rapid grow of real estate and construction industries, restaurant and retails would be on the uprising as well. In Louisiana, Ã¢â¬Å"riverboats purchased over $454 million in goods and services in 2002, with over 70% of that coming from in-state vendors including computers, printing and floral arrangementsÃ¢â¬ (Cannon), with all the positive indirect impacts that legalized gambling would bring to the state, the local business and retails would be expanding far from predicted and state would be collecting taxes in an increasing value. Tourism would play an important role in collecting revenue for state. The Casino Association of Louisiana estimated that over 17 million out-of-state visitors visited their casinos in 2002Ã¢â¬ (Cannon). If Texas legalizes gambling, it would bring in another 17 million per year from out-of-state visitors spending money not only in casino but also in restaurants, hotels, gasÃ¢â¬ ¦ Besides bringing more tourists in to the state, Texas could help stopping the outflow of money to Louisiana casinos because more than 50% of gamble revenue in Louisiana comes from o ut-of-state, mostly from Texas (Cannon). There are countless opportunities comes with legalizing gambling in Texas. Just look at the financial benefits alone, Texas could earn another $873 million coming from out-of-state visitors spending in casino just like Louisiana. Besides increasing in revenue, legalized gambling also plays an important role in boosting other industries such as construction, retails, real estateÃ¢â¬ ¦ With all the new revenue generated from legalized gamble, Texas could use that money to assist the low income families, to help the homeless people and others in needs.