Who Will Be Next? 

With so many states bringing in slot machines, it is tough to know who has legalized them and who hasn’t. And for those that haven’t yet legalized slot machines, how many of them are really close to getting them? More and more states are considering bringing them in as they see that the existing states that have them are making pretty good money from them. 

But there are other considerations when bringing in slot machines. There is the fact that because there are so many other states who have already brought in slot machines that those states that are bringing them in now cannot hope to make as much money off of them. They cannot compare their numbers to the existing market, or even to states like Nevada and New Jersey who had slot machines before anyone else did.  

In these cases they had a lot less competition, which meant that they had a lot more people coming in to get them. But with so many other places bringing in slot machines, those numbers get divided up into smaller and smaller pieces until there is very little left to choose from. There is also the idea that you should never base your bottom line on something that is so easily changed. 

You have a bunch of states out there that are planning on meeting their budgets based on the amount of slot machine revenue that comes in. This would be like us expecting to be able to pay our bills based on what we made at the track that weekend. Just ask NJ, they probably based their budget forecasts on their slot machine revenue – only to find themselves cutting programs drastically as everyone else brought them in too.