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The real loss by gambling is $180,000 to the consumer economy for each slot machine

John Warren Kindt

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John Warren Kindt
Consumer
Gambling
Consumers
Machine
Machines
Loss
Economy
Real
Slot

More quotes by John Warren Kindt

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State-sponsored gambling produces no product, no new wealth, and so it makes no genuine contribution to economic development
John Warren Kindt
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If you want your 401k to come back, recriminalize gambling
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Taxpayers would likely be responsible for treating addicts
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Besides creating more compulsive gamblers, money spent on lotteries isn't spent on other goods such as clothing or computers, which would trickle through to retailers, manufacturers and other parts of the economy
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Legalized gambling cost taxpayers $3 for every $1 in state revenue to government
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An Osage tribal study found that between $41 million to $50 million left a 50-mile radius around their own casino
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Legalized gambling is the leading cause of bankruptcy
John Warren Kindt
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While gambling addiction can be a social justice reason for some to ban gambling, the economic evidence suggests that the social and economic costs of gambling are $3 to the taxpayers for every $1 in benefits
John Warren Kindt
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Movies and Disney World don't create addicts
John Warren Kindt
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Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year
John Warren Kindt
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Gambling is a catalyst for economic downturn
John Warren Kindt
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Gambling is being subsidized by the taxpayers
John Warren Kindt
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There would be economic disruption in Omaha from expanded gambling...You would just be moving Chernobyl closer to the population center
John Warren Kindt
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We beat the Great Depression without lotteries and legalized gambling
John Warren Kindt
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The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction
John Warren Kindt
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My bottom line is this is no time to be gambling with our economy
John Warren Kindt
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A study in Illinois in the mid-1990s found that 65 percent of businesses were hurt by the proximity of gambling
John Warren Kindt
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27 percent to 55 percent of casino revenues come from problem or pathological gamblers
John Warren Kindt
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Another threat to stability is the rise of Internet gambling
John Warren Kindt
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People will spend a tremendous amount of money in casinos, money they normally would spend on refrigerators or a new car. Local businesses will suffer because they'll lose consumer dollars to casinos.
John Warren Kindt