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Page 1 Gambling in Utah by Zach Young. Page 2 Preview 1.What is considered gambling in Utah? 2.Legal/Illegal hot spots for residents of Utah to gamble.

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Presentation on theme: "Page 1 Gambling in Utah by Zach Young. Page 2 Preview 1.What is considered gambling in Utah? 2.Legal/Illegal hot spots for residents of Utah to gamble."— Presentation transcript:

1 Page 1 Gambling in Utah by Zach Young

2 Page 2 Preview 1.What is considered gambling in Utah? 2.Legal/Illegal hot spots for residents of Utah to gamble 3.Revenue lost to Border States

3 Page 3 3 Key Elements that are required for the Utah Constitution to recognize something as gambling people must risk something of value Must be a game of chance Receive something of value

4 Page 4 Legal Hot Spots for Utah Residents to Gamble #1 - is obviously just 90 minutes away in Wendover, Nevada #2 - 1200 stores in Idaho sell lottery tickets and the top 6 locations for sales are on the Utah border #3 - Horse racing at Wyoming Downs #4 – Stock Market (Fits in all 3 elements of what the Utah Constitution considers gambling)

5 Page 5 Illegal Hot Spots for Utah Residents to Gamble PocketFives.com ranks Utah as having the 4 th largest registered users in the western states Local clubs in Utah, like “Habits” to name one, have card tournaments regularly Bingo halls, office pools and brackets

6 Page 6 Revenue Lost to Bordering States Wasatch front residents dumped roughly $218 million in the year 2000 alone to Wendover Utah Residents have contributed roughly $23 million to the Idaho Lottery from 1989 – 2005 With 85% of business coming from residents of Utah, Wyoming downs profits roughly $6.6 million in one 18 race season

7 Page 7 Conclusion What Utah considers gambling Legal/Illegal hot spots Revenue lost Doesn’t have to be all or nothing!


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