A casino is usually a place of gambling where people go to have fun. Casinos can be found near or attached to popular hotels, tourist venues, restaurants, cruise ships, other tourist attractions, and many other places of business. These places of business are usually owned by larger companies that want to get the best use out of their property. The owners of such businesses may wish to develop a casino on their land so that they may get more tax revenues from it. However, this is usually an option that only those with money can afford.
The U.S. Congress has recently introduced legislation that could allow the states in Nevada to enact laws that legalize casino gambling. Such legislation has already been passed by the state's residents, and the state legislature is expected to pass it soon. But why did the U.S. Congress introduce this law? And what does it mean for Nevada's residents?
The U.S. House of Representatives and the Senate had proposed an interstate compact that would create a playing environment for state governments to offer non-exclusive right to gaming revenues. Such compacts are commonly known as "tribal casinos." When the states propose such compact, it gives them the option to set up the tribal casinos within their states, which means that any revenues that these states receive will be split among the states in proportion to the number of gaming tables that they have. If the proposal would become law, all the states that join would then be able to offer non-exclusive right to gaming revenues to their residents.
Why is this important to Nevada's residents? First of all, non-exclusive gaming revenues are a boon to the state's budget. With more tourists expected in the near future, gambling and other forms of entertainment draw many new visitors to Vegas and other gambling cities. It is not surprising that tourism revenues are expected to soar in the years to come. Without a way for the states to receive revenues from these tourists, the city will suffer greatly in terms of its budget, thereby affecting all kinds of public services, from schools to health care facilities, higher education and public safety.
Secondly, opening up the market to tribal casinos gives Nevada's residents another way of earning money. Even without a full expansion of the current casinos, one can still earn substantial extra cash by playing at different casino establishments. Playing at more than one casino allows people to maximize their potential earnings. But this will not be possible if the state does not open up its doors to non-residents who are willing to gamble legally.
Lastly, opening up the slot games in Nevada also gives gamblers another opportunity to increase their bankroll. Slot machines are considered to be some of the most convenient gambling devices, especially in small casinos. Inveighing the need to increase the amount of money that one can win every time they play in Las Vegas, many individuals have converted their slots into video games, allowing them to win even more money. Some have even taken it a step further and installed a live Internet connection in order to winnings from their slots directly from the Internet. These endeavors have provided countless people with extra income, that they were able to use to take care of their basic living expenses or help finance their vacation.