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Gambling in Maryland and Beyond: What to Know

Gambling in Maryland and Beyond: What to Know. Dr. James Karmel Harford Community College jkarmel@harford.edu November 2013. Macau casinos. Indian casinos in California. Foxwoods Resort, Connecticut; Pequot-owned Indian casino. Maryland Casinos.

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Gambling in Maryland and Beyond: What to Know

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  1. Gambling in Maryland and Beyond: What to Know Dr. James Karmel Harford Community College jkarmel@harford.edu November 2013

  2. Macau casinos Indian casinos in California

  3. Foxwoods Resort, Connecticut; Pequot-owned Indian casino

  4. Maryland Casinos • 1943-1968: legalized slots operated in five southern MD counties • 2007 - Maryland Assembly sets VLT tax is set at 67%, 2nd highest in US • 2008 – MD voters approve five casinos (VLTs only) • 2012 – Maryland Assembly lowers VLT tax for casinos, adds table games at 20% tax • 2012- MD voters approve addition of table games & 6th casino in state • 2013- Maryland Live! (at Arundel Mills Mall) becomes most lucrative casino in mid-Atlantic market (MD, DE, PA, NJ) • 2014-2016: Maryland will reach voter-approved threshold of six casinos around state

  5. 2008, 2012: Maryland voters approve six casinos & table games Anne Arundel County Rocky Gap State Park Cecil County Baltimore City Prince George’s County Worcester County (Ocean City area)

  6. live chicken tic-tac-toe- Mt. Airy Casino (2009)

  7. Robert Hannum, “Casino Mathematics” http://gaming.unlv.edu/casinomath.html, accessed 13 Nov. 2013

  8. THEO (Theoretical Loss)=average bet X hours played X decisions per hour X house advantage

  9. THEO example for average blackjack player

  10. Forum Shops, Caesar’s Palace, Las Vegas

  11. Installing security cameras at Maryland Live!

  12. Keith Taft & his wearable Blackjack computer from the 1970s

  13. online gambling

  14. Gambling in Maryland and Beyond: What to Know Dr. James Karmel Harford Community College jkarmel@harford.edu November 2013

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