Expected Dayton-area layoffs offer hope to casino backers

(CLEVELAND, OH) - Organizers who want to bring casino gambling to Ohio are citing fears of mass layoffs as arguments for why voters should support their effort to amend the state constitution to allow a casino near Dayton.

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Mon, June 16th, 2008

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Interesting gambling information:

  • People earning $10,000 per year gamble more than twice as much money as people earning $30-40,000 per year. People earning $10,000 per year gamble four times as much money as those making $80,000 or more per year.
  • The famous banker J.P. Morgan once walked out of a Monte Carlo casino because the stakes were too low? At the time, the maximum wager was 12,000 francs and Morgan wanted it increased to 20,000 francs. When the casino manager refused to increase the limit, Morgan left the casino saying "12,000 francs! I have no time to lose such ridiculous amounts."
  • In 1911 US legislation prohibited stud poker but ruled that draw poker was a game of skill and therefore was not illegal.
  • As early as 1420, lotteries were used in Europe for public works. High-value commodities such as land and art were often sold through lotteries.