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Bitcoin has been all over the news lately thanks to its meteoric rise last year. So, what is Bitcoin and what are its implications for Montanans?

In 1972, the state of Montana legalized a variety of gambling games, including bingo, raffles, poker and other card games. In 1997, the Montana Legislature appointed the Montana Gambling Study Commission to conduct research and make public policy recommendations. The following article is an excerpt from an extensive survey conducted by the Bureau of Business and Economic Research in 1998.

While it's still too early to tell the impacts of the recession sweeping Montana and the rest of the nation, gambling establishments may be hurt by the recent drop in consumer spending at about the same rate as other retail operations. However, revenue from recreational gambling, complemented by sales of products like beer, liquor, and even gasoline, may be less sensitive to a decline in overall consumer spending than revenue from other recreational pursuits.