Charities Hoping Slots Bill Works
Monday, February 1st, 2010Non-profits and charities in Maryland are worried about slot machines. The state is one of the many US states debating using slot machines to bring in much-needed cash to state coffers. It is hoping that the machines are the answer to the post-recessionary financial deficits created by a struggling economy. The unemployment rate, lending crash and real estate issues all added together to create a financial climate that was difficult to say the least. Businesses throughout the US closed down quickly and others had to file bankruptcy to reorganize huge debts. Casinos were not impervious to the recession and suffered just as much financial despair.
It looks like slots are going to be part of the Maryland business industry sooner than later. The problem that is coming about though is the difficulties non-profits and charities are going to have when slots are legalized. Both entities are trying to get a bill passed that would allow them to use slot machines as a means of fund-raising. Both non-profits and charity organizations know how lucrative slots are and they are in need of ways to raise money.
Part of the issue is that non-profits and charities have tried to pass bills before. In fact it was about two years ago that they first brought the issue up. The latest move to pass a bill would allow non profit organizations like the American Legion to bring in slot machines and collect the winnings from them. Organizations like these say that most of their revenues go out to charity anyway, so allowing them to use slots to bring in revenue would be a benefit to all parties involved. Organizers say that visitors will be more likely to come in and spend money if slots are used to woo them. The added bonus is that they would be able to compete with casinos in the area.
Charity and non-profit organizers are hoping that the bill is passed and since slot machines were passed for the state, it is looking good. It could be the next few months when both organizations are allowed to take advantage of the money-generating and lucrative industry of slot machine gambling.

