Entries Tagged 'gambling' ↓

Grand Falls Casino to host a Farmers Market at no charge to vendors

(Image: www.fallsparkfarmersmarket.com)

It’s one thing to steal video lottery revenue from Sioux Falls, now Grand Falls is stealing farmers;

The market will be held Sundays in the Grand Falls parking lot from 10 a.m. to 1 p.m. The market will begin July 8 and continue through Aug. 26. There is no cost for vendors to host a space.

I wonder what affect this will have on the Farmer’s Market by Falls Park? Hmmmmmm.

Stormland-TV did have a story about it.

The Devil went down to the SD / Iowa border

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The new casino will have tons of new entertainment, that I knew would compete with SF, especially the Pavilion;

“Frank Caliendo on June 17th and June 18th, and in July we have Charlie Daniels Band. In August, Bret Michaels, so it’ll be kind of a fun place,” Haselhoff said as she listed off the shows the event center will host in the first few months.

It amazes me how Iwegians have figured out how to pull this stuff together in less then a year, while the Pavilion has been fumbling around for over 10 years, and they still cannot decide whether R & R is appropriate. Take a chill pill already.

We likes our SIN taxes in SD (H/T – Helga)

Well isn’t this funny.  All those pious right wingers and South Dakota leads in being a state that profits from sin. Can they say hypocrites???

From 24/7 Wall St.: As state budgets strain under huge debt loads, they are counting increasingly on “sin taxes”, one of the few reliable sources of revenue in these uncertain economic times. 

States have profited from the public’s voracious appetite for easy money (gambling), nicotine (smoking) and booze (alcohol) for years. Some are more successful at it than others. A few states generate less than 1% of their revenue from preying on their residents’ vices while sin accounts for between 5% and nearly 13% of the budgets of others. Some of the difference can be chalked up to varying rates of addiction, but aggressive tax policy also plays a part. Pennsylvania makes the greatest percent of its revenue from gaming taxes of any state. It charges a 55% tax on slot machine proceeds. Conversely, Las Vegas collects only 8%.

 

5. South Dakota
Most Profitable Sin: Lottery ($117 Million) 

Revenue From Sin: $212 Million (11th Lowest)

Total State Revenue: $3.8 Billion (The Lowest)

Percent Total Revenue From Sin: 5.63%

The National Association of State Budget Officers estimates that South Dakota collected less revenue than any state last year. That is why the state’s $212 million collected from “sin” is the fifth biggest percentage of government income in the country. The state collects the 19th most in gaming taxes in the U.S., although this is primarily because 29 states do not collect taxes on their casinos at all. The state’s biggest source of sin-based income is the South Dakota Lottery, which generated roughly $117 million in revenue last year. The state’s cigarette tax is $1.53 per pack, roughly triple that of North Dakota. The state’s alcohol taxes are also higher than most, at 27 cents per gallon of beer. According to the South Dakota newspaper The Capitol Journal, the state’s revenues from video lotteries actually dropped as much as 15% last year, possibly because of a smoking ban in casinos and bars which was enacted in November.

 


Heck, even the VL casinos are questioning the constitutionality of the city

While I detest VL gambling and wish it would go away like a bad hangover, you do have to scratch your head when even casino owners are questioning the city’s constitutional right to limit and zone casinos;

A judge’s ruling is expected soon on the constitutionality of a 2008 Sioux Falls ordinance that makes much of the city off-limits to new video lottery machines.

Of course the city has a ‘vague’ argument;

Mark Arndt, hired to defend the city, pointed elsewhere in statute and case law. The state allows cities to enact zoning ordinances that promote the “health, safety or the general welfare of the community” when considering “the location and use of buildings,” he said. And the Supreme Court has deferred to local governments on zoning decisions.

“We defer to them because they know how to use their land,” Arndt said. “We get to set reasonable restrictions on where you can put a machine. We get to protect our schools and parks.”

So old people drinking bad coffee and crappy light beer while gambling are a threat to the safety of our schools and parks? I don’t think so. What Mark is talking about is the underlying problem with VL and why it really should just be outlawed. Casinos in SF get robbed – A lot. It’s kinda like building a fire in your living room to cook food. While there is nothing wrong with cooking food or building a fire, just like there is nothing wrong with a little gambling, there is always a risk that a casino could get robbed and your house could burn to the ground (no offense Angry Guy).

I’m just saying.

Didn’t I say building a competing casino in SF was a dumb idea?

Once again, this proves how out of touch rich business men and politicians are with the general voting public on gambling.

Image: KELO-TV

War, what is it good for?

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Great letter to the editor about the Iowa Casino;

In his My Voice column in the Sept. 21 Argus Leader about the casino being built in Larchwood, Iowa, James Abourezk claimed:

• Seventy-two percent of visitors to the casino will come from South Dakota. What percent of Iowans come to Sioux Falls to shop and for how many years?

• South Dakotans will spend more than $55 million each year. With the current unemployment rate and no new jobs in Sioux Falls or South Dakota, how can millions of dollars be spent in Iowa?

• South Dakota will lose $18 million in video lottery revenue a year. Not every video lottery player in South Dakota will go to Larchwood instead. The estimate is unfounded.

• The casino will hire 679 employees from South Dakota, driving up wages for South Dakota businesses. If the mayor of Sioux Falls and the governor of South Dakota got on the stick and secured more employers in South Dakota, there wouldn’t be a problem. The creation of more than 600 jobs in Iowa only will help our residents get off unemployment and be productive citizens again.

• Iowa has a Buy Iowa First Policy. Why shouldn’t Iowa contractors have preference? The casino is in their state.

• Under the federal Indian gaming law, Native American tribes can open casinos off their reservations. Tribal casinos do not pay South Dakota sales tax. Does this exemption apply when the casino is off the reservation? Why should a Sioux Falls casino have to be tribally owned?

• The puritan ethics of Sioux Falls restricts the number of video lottery establishments in the city. What would move the City Council to approve a full-fledged casino.

• We should not get a bee in our bonnet over this casino. Its developers had to get permits and voter approval, and they have private investors in this venture.

• Don’t make an enemy of our neighboring state. See how the total picture unfolds. Do not create a war with Iowa.

Combat gambling with more gambling? Stupid is as stupid does.

Can’t wait to hear the deets on this one;

Sen. Scott Heidepriem at this hour is discussing a plan to build a casino in Sioux Falls to compete with a casino and resort complex now under construction in Lyon County, Iowa.

UPDATE: Is it just me, or is it blatantly obvious that Heidi-Scott has some clients pressuring him about this?

“I simply can’t condone their efforts to pickpocket their neighbors,” said Arndt, who originally is from Iowa.

Pickpocket? C’mon! Arndt and Heidi-Scott are so clearly out of touch with voters on this issue. If you polled Sioux Falls residents, most of them would probably agree that the (Lyon county) casino is a positive thing. I don’t want a governor who is concerned about SD VL casino owner’ profits. I want a governor that is concerned about jobs, sales tax revenue and affordable entertainment, all of these things will be provided by the Iowa casino. Grow a brain. Your press conference borders on the ridiculous.

All of a sudden Sioux Falls is concerned about gambling addiction?

Maybe we shouldn’t have VL casino’s on every f’ing corner in this city?

Under Iowa law, the Lyon County Resort & Casino will contribute a portion of its profits to the state of Iowa to help gamblers who become addicted. Yet most of its customers will see no benefit from that contribution because they are not Iowans.

Well duh. So how much money do casinos in SD put into a treatment fund? You would think it would be a lot considering how much money the state and PRIVATE business owners generate from the industry. Think again;

The division has an annual budget of $244,000 for such services, which comes from $214,000 from the South Dakota Lottery and $30,000 from Deadwood gaming.

Wow! What a bargain for the pain they inflict. I have often said the biggest expense from VL is the cost to taxpayers from incarceration and conviction (robberies, bad checks, etc). But we like putting people in jail, it’s a big business in South Dakota, thanks to Billy Bob Janks.

There is also something else people don’t consider about a casino in Lyon county. It is an entertainment destination. And while most people will go there to gamble, there will be a host of other things to do (golfing, dining, concerts, etc.), unlike a VL casino. Last I checked if you are not playing a machine in a VL casino, there isn’t much else to do, except eat stale popcorn and drink fizzy American light beer out of a dixie cup.

Lottery / Gambling (Guest Post by Costner)

According to this article and study… poor people spend 9% of their income on lottery tickets.  It just makes me wonder what percentage of income poor people in South Dakota spend on video lottery or what percentage of their income ends up in the coffers of a payday loan center.

I’m all about personal responsibility and I acknowledge that nobody is forcing these people to spend so much on various forms of gambling, but I really wonder if this is an issue that stems from a lack of financial common sense, a simple lack of education, or merely the fact that these people are so desperate to improve their life situation that they will do anything and everything to try to escape the bounds of poverty.

The study neatly illuminates the sad positive feedback loop of lotteries. The games naturally appeal to poor people, which causes them to spend disproportionate amounts of their income on lotteries, which helps keep them poor, which keeps them buying tickets.

Dave Ramsey says it best… a lottery is merely a self-imposed tax on people who can’t do math.  I’d say that pretty much sums it up although (and this may sound cold-hearted) I still put my personal freedoms ahead of the ignorant.  I can’t support the idea that we ban gambling or lotteries merely because some people abuse the right to spend money on them because I believe we as Americans should be free to spend our money how we choose and the last thing we need is a government that tells us when and where it is ok to spend the money we earned.

This sort of relates to that new casino being built in Iowa, but I firmly believe South Dakota should open the floodgates on casino gambling.  If we had a handful of nicer casinos we would find fewer and fewer video lottery ‘casinos’ on every corner.  In addition to that, people wouldn’t need to drive to their nearest Indian reservation to play blackjack.  I know the tribes would hate the idea as would Deadwood, but it isn’t like people can’t waste their money gambling now if they want to… between video lottery, Indian casinos, and online gambling / online sports betting… there are more than enough ways for people to be parted from their hard earned dollar.  I guess allowing some real gambling at one or two casinos wouldn’t be the end of the world.  It seems to work really well for Sioux City… the Riverboat is the one destination and it just helps clean up the rest of the city.