ATLANTIC CITY, N.J. -- Cash-starved states are increasingly being drawn to the lure of easy money in casinos - a bet that could ultimately hurt taxpayers if the supply of slot machines, poker tables and racetracks outpaces customers' demand.
The race to open new casinos is most frenzied in the Northeast, which has 41 casinos and 20 more planned.
Atlantic City, N.J., which for decades held a gambling monopoly outside Nevada, was already reeling from a beatdown inflicted by neighboring competitors. Now New York, which has casinos run by Indian tribes, just approved slot machines for its Aqueduct racetrack. Pennsylvania has added table games like poker and blackjack to its nine slot-machine casinos - and five new casinos are planned.