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Studies in Australia have verified this drain on the economy by video gambling machines

John Warren Kindt

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John Warren Kindt
Gambling
Studies
Australia
Video
Machines
Study
Verified
Economy
Drain
Drains

More quotes by John Warren Kindt

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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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When governments legalize and encourage gambling, they are creating addictions among their citizens
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My bottom line is this is no time to be gambling with our economy
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Actually, they should just roll it all back get rid of gambling...It destabilizes the U.S. economy
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Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year
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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
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The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction
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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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For every slot machine you add, you lose one job per year from the consumer economy
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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It's lose, lose for the taxpayer
John Warren Kindt
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Another threat to stability is the rise of Internet gambling
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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
John Warren Kindt
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Legalized gambling is the leading cause of bankruptcy
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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Taxpayers would likely be responsible for treating addicts
John Warren Kindt
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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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$60,000 spent in a consumer economy multiplies by respending into $180,000
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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