1. Gambling in Maryland and Beyond: What to Know Dr. James Karmel Harford Community College jkarmel@harford.edu November 2013

5. Indian casinos in California Macau casinos

6. Foxwoods Resort, Connecticut; Pequot-owned Indian casino

7. Maryland Casinos 1943-1968: legalized slots operated in five southern MD counties 2007 - Maryland Assembly sets VLT tax is set at 67%, 2 nd highest in US 2008 – MD voters approve five casinos (VLTs only) 2012 – Maryland Assembly lowers VLT tax for casinos, adds table games at 20% tax 2012- MD voters approve addition of table games & 6 th casino in state 2013- Maryland Live! (at Arundel Mills Mall) becomes most lucrative casino in mid-Atlantic market (MD, DE, PA, NJ) 2014-2016: Maryland will reach voter-approved threshold of six casinos around state

8. 2008, 2012: Maryland voters approve six casinos & table games Rocky Gap State Park Anne Arundel County Worcester County (Ocean City area) Cecil County Baltimore City Prince George’s County

11. live chicken tic-tac-toe- Mt. Airy Casino (2009)

12. GameHouse Edge Roulette5.3% Craps1.6% Craps (double-odds).6% Blackjack (average player)2% Blackjack (6-deck basic strategy).5% Baccarat (no tie bets)1.2% Caribbean Stud5.2% Let it Ride (optimal strategy)3.5% Pai Gow Poker (ante/play)2.5% Video Poker.5-3.5% Slots5-10% Robert Hannum, “Casino Mathematics” http://gaming.unlv.edu/casinomath.htmlhttp://gaming.unlv.edu/casinomath.html, accessed 13 Nov. 2013

13. THEO (Theoretical Loss)= average bet X hours played X decisions per hour X house advantage

14. THEO example for average blackjack player average bet X hours played X decisions per hour X house edge =THEO $20380.02$96

17. Forum Shops, Caesar’s Palace, Las Vegas

18. Installing security cameras at Maryland Live!

22. Keith Taft & his wearable Blackjack computer from the 1970s

25. online gambling

27. Gambling in Maryland and Beyond: What to Know Dr. James Karmel Harford Community College jkarmel@harford.edu November 2013