In a recent meeting of the Louisiana House Criminal Justice Committee, significant discussions centered around the implications of gambling legislation and its impact on the community, particularly concerning youth and economic development. The meeting highlighted contrasting perspectives on the potential benefits and drawbacks of expanding gambling opportunities in the state.
One of the key voices in the discussion was Dr. Hall, who presented a compelling argument against the expansion of gambling. He referenced a study conducted by the Piccard Center at the University of Louisiana, which revealed that approximately 40% of high school students in grades nine through twelve are already engaging in gambling activities, despite being legally prohibited from doing so. Dr. Hall expressed concern that increasing access to gambling would not only fail to benefit the youth but could exacerbate existing issues related to underage gambling.
Dr. Hall further critiqued the notion that gambling serves as a viable avenue for economic development. He pointed out that the gambling market operates as a zero-sum game, where gains for one entity often come at the expense of another. He cited the decline in tax revenue from Harrah's Casino, which has dropped from $90 million to under $60 million due to competition from new gambling complexes in neighboring states. This trend raises questions about the sustainability of gambling as a source of economic growth.
Moreover, Dr. Hall emphasized the financial burden that gambling imposes on taxpayers, estimating that the $600 million in tax revenue generated by gambling could actually cost the state between $900 million to $1.2 billion when considering associated social costs. He urged committee members to approach the issue with common sense and to consider the broader implications of gambling legislation on the community.
The meeting concluded with Dr. Hall's call for the committee to oppose the proposed gambling bills, framing the discussion as not just about economic gain but also about the well-being of Louisiana's youth and the long-term financial health of the state. As the committee continues to deliberate on these issues, the outcomes could have lasting effects on both the community and the state's economic landscape.