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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
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More quotes by John Warren Kindt

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The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction
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Taxpayers would likely be responsible for treating addicts
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And as far as jobs go, for every one job that the casino creates, one is lost in the 35-mile feeder market
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Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year
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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
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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
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It is not economic development it's about taking money out of the consumer economy and shipping it off to Las Vegas
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What we really need is a federal intervention plan, which calls for a moratorium on gambling in the U.S.
John Warren Kindt
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The faster the gambling activity, the more highly addictive it is and the more addictive the gambling activity is, the more revenue it will generate for the industry
John Warren Kindt
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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
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Bankruptcies increase 18 percent to 42 percent above the national average
John Warren Kindt
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Gambling has a zero-sum economic effect in its market and, like legalizing cocaine, the socio-economic costs of legalizing gambling overwhelm the benefits
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27 percent to 55 percent of casino revenues come from problem or pathological gamblers
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The social costs, and the increased tax costs due to addicted gamblers, stay behind
John Warren Kindt
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Sociologists almost uniformly report that increased gambling activities, which are promoted as sociologically 'acceptable' and which are made 'accessible' to larger numbers of people will increase the number of pathological gamblers
John Warren Kindt
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For every slot machine you add, you lose one job per year from the consumer economy
John Warren Kindt
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$60,000 spent in a consumer economy multiplies by respending into $180,000
John Warren Kindt
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If you want your 401k to come back, recriminalize gambling
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The casinos are walking out of states with at least $1 billion in their pockets to Las Vegas
John Warren Kindt
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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