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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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John Warren Kindt
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More quotes by John Warren Kindt

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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
John Warren Kindt
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We beat the Great Depression without lotteries and legalized gambling
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The social costs, and the increased tax costs due to addicted gamblers, stay behind
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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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My bottom line is this is no time to be gambling with our economy
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Bankruptcies increase 18 percent to 42 percent above the national average
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The common mistake that business people make is they're going to get drive-by business...Only gas stations are helped
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And as far as jobs go, for every one job that the casino creates, one is lost in the 35-mile feeder market
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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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When governments legalize and encourage gambling, they are creating addictions among their citizens
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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$60,000 spent in a consumer economy multiplies by respending into $180,000
John Warren Kindt
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Actually, they should just roll it all back get rid of gambling...It destabilizes the U.S. economy
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
John Warren Kindt
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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
John Warren Kindt
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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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The real loss by gambling is $180,000 to the consumer economy for each slot machine
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
John Warren Kindt
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Another threat to stability is the rise of Internet gambling
John Warren Kindt