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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
Australia
Video
Machines
Study
Verified
Economy
Drain
Drains
Gambling
Studies

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The real loss by gambling is $180,000 to the consumer economy for each slot machine
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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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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.
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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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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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Legalized gambling is the leading cause of bankruptcy
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$60,000 spent in a consumer economy multiplies by respending into $180,000
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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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The casinos are walking out of states with at least $1 billion in their pockets to Las Vegas
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Another threat to stability is the rise of Internet gambling
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Taxpayers would likely be responsible for treating addicts
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Movies and Disney World don't create addicts
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If you want your 401k to come back, recriminalize gambling
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Lotteries boost state revenues in the short run but don't feed the economy in the long run
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Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year
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Legalized gambling cost taxpayers $3 for every $1 in state revenue to government
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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
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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 social costs, and the increased tax costs due to addicted gamblers, stay behind
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When governments legalize and encourage gambling, they are creating addictions among their citizens
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