Riseman: It’s time for sports betting
There have been some questions why I supported the idea of trying to override the Governor’s veto to allow sports betting in the state. LD 553, “An Act to Ensure Proper Oversight of Sports Betting,” originally passed the legislature with bipartisan support last session. In January of this year, the Governor made the decision to veto the bill, citing that in her opinion the state was not ready to take on this activity. Overturning the veto required 2/3 votes in both the House and Senate — and ultimately the Governor’s veto was sustained. This meant the bill failed to become law.
While I am not a fan of gambling, it is a modern-day reality. Many people participate in the lottery, which dates back to 1974. In 2016 alone, lottery revenues contributed over $50 million to the state’s budget.
In 2004, the first casino opened in Maine, followed in 2010 with the opening of the Oxford Casino in our backyard. In 2016, these gambling activities contributed $53 million to the budget and helped support numerous state and local programs, including our schools.
Why sports betting in Maine? Currently, there are as many as 18 other states which allow this activity. In New England, Rhode Island and New Hampshire already allow it. Maine has tried to follow suit in order to encourage its residents from using existing out-of-state other neighboring state systems. No doubt, these activities currently exist and in most cases are unregulated.
The intent for the State of Maine is not to promote increased gambling, but to keep those revenues here. It would generate tax revenue that could be used here at home. Maine is somewhat similar to New Hampshire in terms of comparing the gambling demographics. Using those numbers, there are over 100,000 active Mainers who are sports betting enthusiasts, this could be additional money for the state coffers – and the local economy – it would not be a trivial amount. At an estimated $5 million or more, it could provide relief for financially stressed programs and services.
My position has always been to advocate for a proper balance of government, what we take in and what we spend. The state has begun to address critical needs for resources for issues like infrastructure, environment, the drug crisis and the mental health crisis. We need to continue to take steps to ensure the future for healthy and prospering children, families and communities — I will always continue to work for accountable and efficient government to meet those needs for the people of Maine.