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Legalized gambling cost taxpayers $3 for every $1 in state revenue to government

John Warren Kindt

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John Warren Kindt
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Movies and Disney World don't create addicts
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We beat the Great Depression without lotteries and legalized gambling
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27 percent to 55 percent of casino revenues come from problem or pathological gamblers
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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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Taxpayers would likely be responsible for treating addicts
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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
John Warren Kindt
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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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Legalized gambling is the leading cause of bankruptcy
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Another threat to stability is the rise of Internet gambling
John Warren Kindt
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The casinos are walking out of states with at least $1 billion in their pockets to Las Vegas
John Warren Kindt
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What we really need is a federal intervention plan, which calls for a moratorium on gambling in the U.S.
John Warren Kindt
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My bottom line is this is no time to be gambling with our economy
John Warren Kindt
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Gambling is a catalyst for economic downturn
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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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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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If you want your 401k to come back, recriminalize gambling
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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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Lotteries boost state revenues in the short run but don't feed the economy in the long run
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When governments legalize and encourage gambling, they are creating addictions among their citizens
John Warren Kindt