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The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction

John Warren Kindt

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John Warren Kindt
Impact
Drug
Economic
Socio
Comparable
Gambling
Addiction
Alcohol

More quotes by John Warren Kindt

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Taxpayers would likely be responsible for treating addicts
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We beat the Great Depression without lotteries and legalized gambling
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Studies in Australia have verified this drain on the economy by video gambling machines
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Another threat to stability is the rise of Internet gambling
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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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Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year
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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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Gambling is being subsidized by the taxpayers
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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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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
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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
John Warren Kindt
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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
John Warren Kindt
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If you want your 401k to come back, recriminalize gambling
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$60,000 spent in a consumer economy multiplies by respending into $180,000
John Warren Kindt
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27 percent to 55 percent of casino revenues come from problem or pathological gamblers
John Warren Kindt
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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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State-sponsored gambling produces no product, no new wealth, and so it makes no genuine contribution to economic development
John Warren Kindt
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Gambling is a catalyst for economic downturn
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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.
John Warren Kindt