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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
Loss
Economy
Real
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Consumers
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Machines

More quotes by John Warren Kindt

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Legalized gambling cost taxpayers $3 for every $1 in state revenue to government
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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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There would be economic disruption in Omaha from expanded gambling...You would just be moving Chernobyl closer to the population center
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The common mistake that business people make is they're going to get drive-by business...Only gas stations are helped
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27 percent to 55 percent of casino revenues come from problem or pathological gamblers
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Gambling is a catalyst for economic downturn
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Legalized gambling is the leading cause of bankruptcy
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Bankruptcies increase 18 percent to 42 percent above the national average
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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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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
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Gambling addicts usually lose their focus at work and problem military gambling poses a national security threat
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No reputable economist anywhere believes it's gambling an economic tool
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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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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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Another threat to stability is the rise of Internet gambling
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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
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Taxpayers would likely be responsible for treating addicts
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I would hate to see the state of Wisconsin make another mistake and locate another casino in a high-density population area
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State-sponsored gambling produces no product, no new wealth, and so it makes no genuine contribution to economic development
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The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction
John Warren Kindt