The Maryland Public Policy Institute: Maryland taxpayers shouldn’t foot the bill for slot machines

From The Maryland Public Policy Institute

In what comes as a surprise to many people, Maryland’s Board of Public Works voted on Wednesday to purchase 1,062 slot machines for Penn National Gaming’s casino in Cecil County, at a cost of over $49 million.

795 of the machines were bought outright, and 267 will be leased for 4 years and 10 months. The contract also includes installation and support, but at an average cost of $46,542 per machine, many observers are expressing shock. According to the Baltimore Sun, Comptroller Peter Franchot, who voted against the contract, called the purchase a “windfall” for the slots manufacturers. An independent industry analyst was described as being “dumbfounded” at the cost, suggesting it should have been closer to $10,000 per machine. [http://articles.baltimoresun.com/2010-06-09/news/bs-md-cecil-slots-contract-20100609_1_slot-hollywood-casino-perryville-comptroller-peter-franchot]

State Lottery spokeswoman Carol Everett tried to explain the high average cost by suggesting that the figure was skewed by a number of complicated and expensive units, and said that the average cost of machines is around $20,000.

Article continues on the Maryland Public Policy Institute Blog

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One response to “The Maryland Public Policy Institute: Maryland taxpayers shouldn’t foot the bill for slot machines

  1. Elaine Barclay

    What the Freak??? How can I start a business that will increase crime, ruin lives, support addiction and somehow convince the state of Maryland to pay for it all??? I cannot believe people aren’t angry at how Penn National duped us into paying inflated rates for machines that will fill their pockets. We the people are losers in this game both coming and going.

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