Money Money Money
I just looked at the Missouri Gaming Commission’s website to see how the St. Louis area casinos have been doing the last few months, what with the “worst recession since 1929” going on and all. Yep, the money’s still flowing in to the casinos. In fact, the report for the month of November shows that the Adjusted Gross Receipts for the St. Louis casinos are UP 4.1% over November of last year – in large part due to the new River City casino in Lemay, which wasn’t there this time last year.
- St. Louis market (4 casinos) – $71,912,000 (up 4.1%)
- Kansas City market (4 casinos) – $56,549,000 (up 1.0%)
- Out State market (4 casinos) – $15,262,000
- Statewide total – $143,724.000 (up 2.4%)
Ah, but doesn’t all that money we pour into casinos help our schools and government? Yes it does. The November report shows that of the $143 million noted above, $27 million went to education, $3 million went to local government (remember that this is statewide Missouri). Together that’s about 21%.
In my opinion it’s not that we love education, it’s that we love entertainment. It’s not that we love our kids, it’s that we love ourselves. I don’t think money=success in schools, but wouldn’t it be interesting to see what would happen to our schools if we poured $71,000,000 a MONTH into them?