Category: Gambling
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Virginia Legalized Gambling: Outlook for 2020
By Don Rippert It’s not called the OLD Dominion for nothing. Virginia has lagged the nation in allowing legalized casino gambling. This is especially noteworthy since the United States doesn’t have a very tolerant attitude toward legalized gambling compared to other countries. In other words, Virginia has been a laggard within a lagging nation. That…
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Virginia Tax On Racinos Among Lowest in U.S.
If Virginia is going to sell its soul, we should at least get the market price. The Virginia Racing Commission is starting to publish monthly reports on the cash flow to Colonial Downs and to the government under the new state-granted monopoly to operate gambling dens. Any relationship to horse racing in these establishments is…
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Sport of Kings Needs Peasants Playing Slots
The Sport of Kings apparently cannot survive today unless between races the peasants are pumping their copper into slots. “The new law acknowledges what several other horse racing states already have concluded: that the new economic realities to sustain a viable horse racing industry require an alternative form of gaming to offset the high cost…
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The Tax on the Mathematically Challenged
Untold thousands of Virginians just poured their money into the recent multi-state Mega Millions drawing won by someone in California. Governor Jerry Brown sends his thanks for his cut. But based on a recent news release our own governor is also very pleased with the performance of the Virginia Lottery as it approaches its 30th…