Slot Machines Coming to Tracks

With Maryland’s voters approving slot machines in the state, the government is going to be looking at a new revenue source. Marylanders agreed on Tuesday that slot machines would be legalized in the state, thus bringing in more money for many under-funded programs.

The state will still have enough problems figuring out how to make it with so many problems in the nation’s economy holding them back. But with the influx of revenue coming in from the slot machines, they will be able to increase funds to the racetracks and increase education funding.

With the new slot machine revenue the state will be able to make up the difference in the $350 million budget shortfall, and be able to increase spending on K-12 education. The state is counting on the slot machines bringing in $1.36 million by 2013, with more than $660 million going to the schools.

Supporters of the slot machines say that as there is currently roughly $400 million going over their border annually to Delaware and West Virginia’s slot machines, that money will now stay in state and boost their economy instead. They say that they don’t even know how much money is going to Pennsylvania and New York in addition to the other two states, but they expect that this amount will stay in house as well.

With the pro slot machine group able to raise so much more money than the anti slot machine group, it was clear that one side had the upper hand in the fight. With handouts going out that made Marylanders believe that they would be vetoing money for schools, it was a tough fight to win.

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