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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

John Warren Kindt

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John Warren Kindt
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More quotes by John Warren Kindt

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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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Bankruptcies increase 18 percent to 42 percent above the national average
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Legalized gambling is the leading cause of bankruptcy
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27 percent to 55 percent of casino revenues come from problem or pathological gamblers
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The social costs, and the increased tax costs due to addicted gamblers, stay behind
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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
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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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Gambling is a catalyst for economic downturn
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Your social costs, your costs to the taxpayers, are $3 for every $1 of benefits, it's not good economic development
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A study in Illinois in the mid-1990s found that 65 percent of businesses were hurt by the proximity of gambling
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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
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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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Gambling is being subsidized by the taxpayers
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The real loss by gambling is $180,000 to the consumer economy for each slot machine
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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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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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Another threat to stability is the rise of Internet gambling
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When governments legalize and encourage gambling, they are creating addictions among their citizens
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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