Casino push recalls city's past defeat
Of the various arguments against more casinos in Michigan, there is one that is practical and beyond dispute: The casino gambling market is finite. When more casinos open for business, the more the market is divided — and the shares of that market diminish.
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Casino gambling facts:
- 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.
- By the 18th and 19th centuries a dice game called Hazard had become popular in England and was played by the aristocracy in private gambling houses.
- The major differences between regular poker and video poker is that you are playing against a machine rather than real people, and your goal is to achieve particular hands rather than beat opponents hands.
- Gambling is Often Legalized to Promote Economic Development of Depressed Areas. That was an important motivation in Las Vegas, Atlantic City, New Jersey, and many of the other locales for casinos.