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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
Video
Machines
Study
Verified
Economy
Drain
Drains
Gambling
Studies
Australia

More quotes by John Warren Kindt

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If you want your 401k to come back, recriminalize gambling
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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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Gambling addicts usually lose their focus at work and problem military gambling poses a national security threat
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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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My bottom line is this is no time to be gambling with our economy
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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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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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For every slot machine you add, you lose one job per year from the consumer economy
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The real loss by gambling is $180,000 to the consumer economy for each slot machine
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Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year
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27 percent to 55 percent of casino revenues come from problem or pathological gamblers
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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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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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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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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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Gambling is a catalyst for economic downturn
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Bankruptcies increase 18 percent to 42 percent above the national average
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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Gambling is being subsidized by the taxpayers
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Another threat to stability is the rise of Internet gambling
John Warren Kindt