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If the newspaper industry is struggling, should a newspaper be allowed to get a carve-out in the state law and be allowed to run a blackjack table in the pressroom just to keep it afloat? Heck, you wouldnt even have to buy a newspaper. Were also skeptical of the claims of money going to schools. Yes, some money is earmarked to go to schools, and supporters argue that something is better than nothing. But in 2015, when the instant racing machines were still in action, about $600,000 was sent to schools, out of about $88 million in revenue generated. When divided among the states 90 school districts, that averages out to about $6,667 per school district, or about $2 per student. For those opposed to the measure, thats not enough to offset the detrimental effects caused by gambling in society. One of the big sticking points was the notion, too, that a private, for-profit business would capitalize on gambling. At least with the Idaho Lottery, there isnt the profit motivation factor.

For the original version including any supplementary images or video, visit https://www.idahopress.com/opinion/editorials/vote-no-on-horse-racing-slot-machines/article_693a10be-0df4-58ca-a7c1-b4a51e39f992.html

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Casino managers are under tremendous pressure to maximize their all-important slot revenue, but they do not want to kill the golden goose by raising the price too much. If players are able to detect these concealed price increases simply by playing the games, then they may choose to play at another casino. This terrifies casino operators, as it is difficult and expensive to recover from perceptions of a high-priced slot product. Consequently, many operators resist increasing the house advantages of their slot machines, believing that players can detect these price shocks. Our new research , however, has found that increases in the casino advantage have produced significant gains in revenue with no signs of detection even by savvy players.

For the original version including any supplementary images or video, visit http://theconversation.com/how-slot-machines-work-and-why-you-should-think-twice-before-playing-them-100700

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