The U.S. Is Missing Out On A Jackpot

As of this moment, the U.S. national debt stands at an astounding
$15,783,386,298,430.97. Take a minute to really digest this figure. This number
will have skyrocketed even further by the time you finish reading this piece or
viewing this well-designed infographic that addresses a revenue-increasing
measure that all states should adopt, which is to legalize gambling. If all 50
states took this step, they would collectively earn an estimated $81 billion and
annual tax revenues would increase by $38.9 billion.

Currently, commercial casino style gambling is only legal in 22 states. Let’s take a look
at one state that is really raking in large amounts of money in casino tax
revenue: Pennsylvania. The state, which has a tax rate of 48 percent on gambling
profits, generates $1.456 billion in casino tax revenue. This tax goes toward
providing property tax relief, bolstering economic development and strengthening
the state’s tourism industry. Nevada, Indiana, New York and Louisiana all round
out the top 5 states for casino tax revenue. If all 50 states were to legalize
gambling, an additional 889,744 teachers could be put in America’s classrooms
and 777,009 police could be put on the streets to maintain peace and

Do you live in a state that has legalized gambling? Please share!

Gambling and the USA National Debt
© 2012


Drew Hendricks

Drew Hendricks is a tech, social media and environmental addict. He's written for many major publishers such as National Geographic and Technorati.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button