Editorial: Do more casinos hinder existing ones?
Published 9:00 am Tuesday, June 30, 2009
While it is clear the state of Iowa relies heavily on revenue from casinos to make ends meet in state spending, the continued growth of them makes us Minnesotans near the border wonder:
Won’t having too many sort of dilute the market?
There already is the very successful Diamond Jo Casino on Interstate 35’s exit for Northwood. Now there are intentions to build another casino at I-35’s exit for Dows, just 55 miles down the freeway.
Iowa’s casinos draw people from other states or people passing through Iowa, such as truckers or convention-goers, and there are Iowans who visit them, too. But in the end there are only so many new markets to tap into, such as when the Northwood casino opened and attracted Minnesotans down the freeway.
Ultimately, the issue is up to Iowa, but the state’s leaders must be asking themselves if there is a point when more casinos only hinders the existing ones.
Indeed, if we are incorrect, we would like to know.