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A Survey from TXP Finds that Texans Are Spending More on Gambling in Neighboring States


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(OPEN):
A RECENT STUDY BY TEXAS-BASED ECONOMIC-GROUP, "T-X-P", HAS FOUND THAT TEXANS SPENT JUST UNDER THREE-BILLION DOLLARS, LAST YEAR, ON GAMBLING IN NEIGHBORING STATES.  "T-X-P"-PRESIDENT, JON HOCKENYOS, SAYS THAT THE NUMBERS REFLECT A GROWING TREND...

(HOCKENYOS):
"
OUR ANALYSIS FOUND THAT TEXANS SPENT ALMOST THREE-BILLION DOLLARS, LAST YEAR, GAMING IN NEIGHBOR-STATES--A SIGNIFICANT INCREASE FROM WHEN WE CONDUCTED SIMILAR RESEARCH, SEVERAL YEARS AGO.  THIS FIGURE DOESN'T INCLUDE THE ONE-POINT-FOUR-BILLION [DOLLARS] FOR FOOD, LODGING, AND TRAVEL-EXPENSES [THAT WERE] SPENT WHEN GAMERS VISITED THESE STATES; SO THE GRAND-TOTAL IS ACTUALLY FOUR-POINT-FOUR-BILLION [DOLLARS], IN 2012.  THERE'S NO DENYING THAT TEXANS ARE A MAJOR SHARE OF OKLAHOMA, LOUISIANA, AND NEW MEXICO GAMING-REVENUES."

(BRIDGE):
THE STUDY GOES ON TO SHOW THAT OKLAHOMA, LOUISIANA, AND NEW MEXICO ACCOUNT FOR ALMOST 12-PERCENT OF NATIONAL GAMING--WHICH INCLUDES A COMBINATION OF COMMERCIAL- AND RACETRACK-CASINOS, ALONG WITH TRIBAL GAMING.  YET, THE THREE STATES ONLY HAVE NEARLY THREE-AND-A-HALF-PERCENT OF THE NATION'S POPULATION--AND ABOUT THREE-PERCENT OF THE NATIONAL PERSONAL-INCOME.  HOCKENYOS SAYS THAT THE GAMING-FACILITIES THAT ARE CLOSEST TO THE TEXAS-BORDER RECEIVED AN ABUNDANCE OF VISITORS FROM THE STATE...

(HOCKENYOS):
"
FACILITIES SUCH AS THE 'WINSTAR [WORLD] CASINO'--WHICH IS LOCATED DIRECTLY ON THE OKLAHOMA-BORDER--DEPEND ON TEXANS FOR THE BULK OF THEIR BUSINESS.  'WINSTAR' CLAIMS TO BE THE SECOND-LARGEST CASINO IN THE WORLD--AND SENDS DAILY-BUSES TO 64 TEXAS-COMMUNITIES, TO BRING PATRONS TO THIS FACILITY.  AS A RESULT, IT'S NOT SURPRISING THAT--WHEN WE SURVEYED LICENSE-PLATES ACROSS ALL THREE STATES--WE DISCOVERED THAT AS MANY AS 90-PERCENT WERE FROM TEXAS, AT CASINOS NEAR THE BORDER.  WE REALLY SHOULD BEAR THIS IN MIND WHILE THE 'TEXAS LEGISLATURE' CONSIDERS BILLS THAT WOULD ALLOW VOTERS THE OPPORTUNITY TO DECIDE ON WHETHER TO EXPAND GAMING HERE."

(CLOSE):
FOR MORE INFORMATION ON THE "T-X-P"-STUDY, VISIT "LET-TEXANS-DECIDE"-DOT-COM.



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