> Slot Machines Fail in Broward County
Aug 7th 2007
The slot machines from Broward County were expected to boost the economy but they aren't bringing in as much money as the state anticipated. For this reason schools in Florida may lose millions of dollars in funding.
At the 3 gaming centers in Broward County (Gulfstream Park, Mardi Gras Racetrack and Gaming Center, and Isle Casino and Racing at Pompano Park) players are spending far less than $212 a day each, expected. As an example, the machines at Gulfstream Park in Hallandale Beach would each take in almost $85/day. More than that, a 4th pari-mutuel, Dania Jai Alai, is waiting to have installed slot machines in.
Now, according to a recent economic study, legislators will have to fill a $45 million deficit, money that normally could be taken from other state money, but that's not a sure bet at this time.
The state planned on spending near $1.6 billions on education for a variety of programs in public schools, universities and community colleges, after the Florida lawmakers approved a $71 billion budget this year. The $1.6 billion was expected to be collected from the ticket sales from the Florida Lottery and money the state gets from taxes on slot machines.
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Visa is now the latest credit card company that has forbidden the use of its card to fund online gambling accounts. The "ban" applies to U.S. players only; to the best of our knowledge the international sector, at least in those jurisdictions where online gambling is not illegal, is not affected at all.
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MasterCard, as most people know by now, has divorced itself from processing any online gambling-related payments in the United States, a move that could have been anticipated, and indeed was, by some, as the Unlawful Internet Gaming Enforcement Act (UIGEA) is scheduled to be enforced this June.