ad info




CNN.com
 MAIN PAGE
 WORLD
 ASIANOW
 U.S.
 LOCAL
 POLITICS
 WEATHER
 BUSINESS
 SPORTS
 TECHNOLOGY
 NATURE
 ENTERTAINMENT
 BOOKS
 TRAVEL
 FOOD
 HEALTH
 STYLE
 IN-DEPTH

 Headline News brief
 daily almanac
 CNN networks
 CNN programs
 on-air transcripts
 news quiz

  CNN WEB SITES:
CNN Websites
 TIME INC. SITES:
 MORE SERVICES:
 video on demand
 video archive
 audio on demand
 news email services
 free email accounts
 desktop headlines
 pointcast
 pagenet

 DISCUSSION:
 message boards
 chat
 feedback

 SITE GUIDES:
 help
 contents
 search

 FASTER ACCESS:
 europe
 japan

 WEB SERVICES:
US

Gambling everywhere? It's a sure thing

graphic
 MAP:
graphic
Click here for a look at the 26 states that have casinos


RELATED VIDEOS
CNN's Mark Potter talks with two gambling addicts (June 16)
Windows Media 28K 80K

CNN's Gary Tuchman says Americans have more opportunities than ever to gamble (June 15)
Real 28K 80K
Windows Media 28K 80K
 MESSAGE BOARD:
Gambling fever
 

Americans bet billions

June 15, 1999
Web posted at: 3:13 p.m. EDT (1913 GMT)


In this story:

Taxes paid; gamblers hooked

Recommendations due

'Ban it all'

RELATED STORIES, SITES icon



WASHINGTON (CNN) -- A long-awaited federal study on gambling due out this week will urge America to curb its appetite for wagering. But don't bet on it.

Consider this:

  • Until 1978, only Nevada had casinos. Now, they're in 26 states.
  • Lotteries are played in 37 states and the District of Columbia.
  • Bingo, the most common gambling game of them all, is legal in 46 states
  • Wagering on horses, once limited to race tracks, is now commonplace at off-track locations.
  • Only three states -- Hawaii, Tennessee and Utah -- have no legalized gambling of any kind.

The American Gaming Association estimates more than $50 billion is now spent annually on legal gambling in the United States. That's more than what is spent on spectator sports, movies, recorded music, video games and theme parks combined.

The country's gambling habit is more than just an economic issue, though. There are also social and even safety concerns.

Taxes paid; gamblers hooked

Schnapp
Real estate agent Schnapp says the lure of fast money keeps him on the Internet at work and home  

"It's a very large industry in America today, and it pays billions and billions of dollars in taxes," says Frank Fahrenkopf, the gambling industry's chief lobbyist and a former Republican Party chairman.

But at what cost?

"There are more compulsive gamblers today in America than ever before in the history of this country," says Arnie Wexler, a compulsive gambling counselor. "We've exploded gambling and brought it into every neighborhood in America."

Into homes and offices, too. There are now virtual casinos on the Internet.

And what about day-traders, who buy and sell stocks on the Internet, sometimes holding shares for only a few minutes with the hope of quick profit?

That's also a form of gambling, says Jonathan Schnapp.

"This is something that is never a sure thing," says Schnapp, a real estate agent who spends much of his time at home, and in the office, trying to make fast money. "I've seen the potential of making so much money in minutes," he told CNN.

For gamblers with less nerve, state-run lotteries are a hit, despite overwhelmingly unfavorable odds. But there are times when lotteries become too popular.

In Connecticut, for example, communities may be allowed to declare Powerball emergencies that would suspend sales of the game for 24 hours if heavy demand for tickets creates a "threat to public safety."

The state legislature passed the proposed legislation on Monday.

The bill was approved after many wealthy Connecticut towns bordering New York were recently overrun with Powerball players from New York, New Jersey and other states that do not offer the game.

Recommendations due

Hoping to curb addictive gambling, a federal law enacted in 1988 prohibited casinos from advertising on radio and television. On Monday, the Supreme Court struck down the broadcast ban as a violation of free speech rights.

The unanimous decision came just days before the National Gambling Impact Study Commission will recommend federal and state governments do more to research and treat gambling problems.

The federal commission issues its final report to Congress, the president, Indian tribes and governors on Friday. Among is recommendations are a moratorium on new lotteries and casinos, and legislation to outlaw gambling on the Internet.

Thanks in part to gambling industry supporters on the panel, most of the report's dozens of recommendations will be aimed toward state governments.

In addition to casinos, the commission studied gambling on Indian land, aboard riverboats and cruises, at pari-mutuel tracks and in state lotteries.

'Ban it all'

Its recommendations include raising the betting age to 21, increasing help for addicted gamblers, and banning betting on college sports.

The report will say that "only about 1 percent to 1.5 percent of the adult population are pathological gamblers," predicts Fahrenkopf.

Still, that could be as many as several million people, reason enough for gambling opponents in Congress to consider rewriting the now-unconstitutional broadcast ban on casino advertising.

"You have to ban it all," says Rep. Frank Wolf, a Virginia Republican who sponsored the legislation creating the gambling study commission. "But are governors prepared to give up the money they're getting from lotteries?

"I don't think they are," he told CNN. "Are the Indians ready to give up the money they're getting?"

For the moment, those questions go unanswered. But even gambling's critics aren't likely to bet against the industry coming up with new ways to make a buck.

Correspondents Charles Bierbauer and Gary Tuchman contributed to this report.



RELATED STORIES:
Panel recommends ban on Internet gambling
May 18, 1999
Study finds more than 5 million pathological or problem gamblers
March 18, 1999
Gambling study: More women hitting the tables
February 8, 1999
TravelGuide - Construction to resume on casino near French Quarter
October 21, 1998
Study says gambling starts early, linked to risky behavior
August 3, 1998
They Call It Video Crack
May 25, 1998
Government support for Atlantic City casino raises eyebrows
August 26, 1997

RELATED SITES:
American Gaming Association
U.S. Gambling Research Institute
National Gambling Impact Study Commission
Internet Guide to Wagering Betting and Gambling on the Web
Compulsive Gambling Site
Gambling Times
Note: Pages will open in a new browser window
External sites are not endorsed by CNN Interactive.

 LATEST HEADLINES:
SEARCH CNN.com
Enter keyword(s)   go    help

Back to the top   © 2001 Cable News Network. All Rights Reserved.
Terms under which this service is provided to you.
Read our privacy guidelines.