Oct 21, 2001 10:17 PM

States with budget problems may take a look at legalizing gaming if it doesn't already exist, according to Jefferies & Co. analyst Rod Roddy.

"If the old rule about states in trouble equals opportunity for gaming to expand, gaming could be busy soon," Roddy said.

Roddy cited interest in expanding gaming in states like Indiana and Maryland, which have both had budget shortfalls and are considering adding new sources of tax dollars through gaming.

"Stay tuned since we expect a lot more announcements from states that are sinking into budget problems," he said.