Quote

Gambling has a zero-sum economic effect in its market and, like legalizing cocaine, the socio-economic costs of legalizing gambling overwhelm the benefits

John Warren Kindt

Change background

T
T
T

Change font

TAGS & TOPICS

John Warren Kindt
Effect
Market
Legalizing
Benefits
Socio
Cost
Overwhelm
Effects
Cocaine
Economic
Gambling
Like
Costs
Zero

More quotes by John Warren Kindt

Image
Gambling addicts usually lose their focus at work and problem military gambling poses a national security threat
John Warren Kindt
Image
An Osage tribal study found that between $41 million to $50 million left a 50-mile radius around their own casino
John Warren Kindt
Image
The common mistake that business people make is they're going to get drive-by business...Only gas stations are helped
John Warren Kindt
Image
When governments legalize and encourage gambling, they are creating addictions among their citizens
John Warren Kindt
Image
$60,000 spent in a consumer economy multiplies by respending into $180,000
John Warren Kindt
Image
27 percent to 55 percent of casino revenues come from problem or pathological gamblers
John Warren Kindt
Image
The social costs, and the increased tax costs due to addicted gamblers, stay behind
John Warren Kindt
Image
It's lose, lose for the taxpayer
John Warren Kindt
Image
Bankruptcies increase 18 percent to 42 percent above the national average
John Warren Kindt
Image
What we really need is a federal intervention plan, which calls for a moratorium on gambling in the U.S.
John Warren Kindt
Image
You bring in gambling into a major population base, and the more people you have going into a casino, the more people you have hooked on gambling
John Warren Kindt
Image
A study in Illinois in the mid-1990s found that 65 percent of businesses were hurt by the proximity of gambling
John Warren Kindt
Image
No reputable economist anywhere believes it's gambling an economic tool
John Warren Kindt
Image
The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction
John Warren Kindt
Image
The real loss by gambling is $180,000 to the consumer economy for each slot machine
John Warren Kindt
Image
Studies in Australia have verified this drain on the economy by video gambling machines
John Warren Kindt
Image
If gambling were banned, those social costs would drop, tax revenues from consumer goods would increase, and money would be pumped into the productive economic sector
John Warren Kindt
Image
Gambling interests hire lots of economists to do impact studies, but what you need is cost-benefit analysis, and you'll never see the industry finance those
John Warren Kindt
Image
The casinos are walking out of states with at least $1 billion in their pockets to Las Vegas
John Warren Kindt
Image
Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year
John Warren Kindt