“The expansion of gambling does not bring more customers into the market,” said Lucy Dadayan, a senior analyst at the Rockefeller Institute. “There are only so many customers, so with every new casino there are only marginal increases.”
Although the economy is showing signs of reviving, casinos are still struggling, based on tax receipts, said Dadayan, who calculated a decline of between 5 percent and 6 percent in state revenues for the July to December period.
“The overall trend for the state tax collections from casinos ... is still downward,” she said.
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