With The Stakes Rising, Gambling Landscape Changing In The US
In Black Hawk, Colorado, there are casinos that have done well for a while now. Lately, however, competition from other areas has raised the stakes for these casinos, literally.
Residents of the town are expected to raise the maximum bets $95. Currently, casinos can have max bets of $5, and there is a proposal to raise those bets to $100. Also on the table is adding roulette and craps to the casinos in Black Hawk.
They are not the only area that is raising their stakes. Other states have also had to make adjustments to their betting laws to ensure they can continue to compete on a regional and national level.
The economy is not helping matters. Revenue is declining at casinos all across the nation and the landscape is such that many of these casinos are turning to expansion to stay afloat. It is not only casinos that are raising the stakes.
Individual states have added options to their lottery systems. In Florida, they recently added the multi-state Powerball lottery, and other states have used creativity in areas such as pull tab lottery tickets.
It is predicted by many experts that this is just the beginning of the legalized gambling movement in the US. One expert has predicted that eighty percent of states in the US will have casino gambling in the next ten years.
January 13, 2009
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
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