Delaware Contemplates The Addition Of New Casinos

Casino News - January 6th, 2010 - Written By Glen

Though Delaware is already the home of three casinos, a recent study commissioned by the state has reported that the addition of two casinos could bring extra revenue to the budget. Delaware's sports betting scheme, launched just before the 2009-2010 NFL season, was meant to repair their economy, though has thus far been much less successful then they had anticipated. Now the expansion of casinos in the state may be what the Delaware budget needs in order to stay afloat.

One of the main concepts covered by the study was the suggestion that a casino in both the northeast and southwest parts of the state would keep residents from going to neighboring states' competitor casinos. Delaware, Pennsylvania, and Maryland, Delaware's three surrounding states, all have some form of casino, and Delaware, though small, could benefit from the extra coverage provided by additional casinos.

Due to the state's size, the expansion could come with drawbacks, however. Casino congestion could be a problem, as established casinos may still be close enough to the proposed new casinos to cause a split in revenue for each of the venues.

The new casinos, according to the study, also suggested that there be no racetrack to be built on the proposed premises.

Despite the possible complications, the study, done by TMG Consulting, showed that revenue from 2009, which is estimated to be $565.8 million, down to $481.5 million after the surrounding state's competitor casinos come to full speed, this meaning Pennsylvania's table games and Maryland's expanded locations. The two new casinos, however, could increase revenue to $754 million.

Though these possible casinos are still variables in the state's equations, it is almost universally agreed that the legalization of the Best USA Online Casinos could augment the federal and state budgets around the Union.