In the name of entertainment, Kansas City area gamblers left nearly three-quarters of a billion dollars at area casinos.
It’s like a heavy tax on middle-, fixed- and low-income people because a share of the losses go to governments. Folks scream about real estate, personal property, sales and other taxes, but last year they dropped $739.3 million at the area’s five big casinos.
That’s down from $759.1 million the year before, The Kansas City Star reports. The opening of the Hollywood Casino at Kansas Speedway in February 2012 has caused a dip in revenue at the Missouri gambling houses.
To gamblers hoping for a big win, the grass always looks greener on the other side — of the state line. It could cause a new shakeout in this casino market with one or more of the gambling houses eventually closing.
Remember Sam’s Town?