Quote

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

John Warren Kindt

Change background

T
T
T

Change font

TAGS & TOPICS

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

More quotes by John Warren Kindt

Image
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
Image
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
Image
Movies and Disney World don't create addicts
John Warren Kindt
Image
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
Image
For every slot machine you add, you lose one job per year from the consumer economy
John Warren Kindt
Image
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
Image
Your social costs, your costs to the taxpayers, are $3 for every $1 of benefits, it's not good economic development
John Warren Kindt
Image
If you want your 401k to come back, recriminalize gambling
John Warren Kindt
Image
It's lose, lose for the taxpayer
John Warren Kindt
Image
Lotteries boost state revenues in the short run but don't feed the economy in the long run
John Warren Kindt
Image
Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year
John Warren Kindt
Image
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
John Warren Kindt
Image
My bottom line is this is no time to be gambling with our economy
John Warren Kindt
Image
Gambling has a zero-sum economic effect in its market and, like legalizing cocaine, the socio-economic costs of legalizing gambling overwhelm the benefits
John Warren Kindt
Image
Another threat to stability is the rise of Internet gambling
John Warren Kindt
Image
The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction
John Warren Kindt
Image
The real loss by gambling is $180,000 to the consumer economy for each slot machine
John Warren Kindt
Image
I would hate to see the state of Wisconsin make another mistake and locate another casino in a high-density population area
John Warren Kindt
Image
Actually, they should just roll it all back get rid of gambling...It destabilizes the U.S. economy
John Warren Kindt
Image
The social costs, and the increased tax costs due to addicted gamblers, stay behind
John Warren Kindt