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It's no secret that Kentucky's pension system is underfunded by billions of dollars. Now, several legislators say expanded gambling is the answer. So is Kentucky's Attorney General Andy Beshear. He recommended the legalization of casinos and dedicating the revenue to the faltering pensions. But is gambling really going to solve our financial problems? Think of it this way. Would you ever advise an individual in financial straits to take what they have to the casino, plug it into a slot machine to see if they might win? Nobody does that. Since that's the case, then why in the world is it considered a good idea for the state to depend on gambling revenue? After all, it takes a lot of people to lose for the state to gain. And we all know the state shouldn't be in the business of making its people lose.

 

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Director, Commonwealth Policy Center