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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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Another threat to stability is the rise of Internet gambling
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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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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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My bottom line is this is no time to be gambling with our economy
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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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The real loss by gambling is $180,000 to the consumer economy for each slot machine
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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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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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The gambling interests like to point to the construction jobs, but those jobs go away
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Legalized gambling is the leading cause of bankruptcy
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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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Studies in Australia have verified this drain on the economy by video gambling machines
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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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When governments legalize and encourage gambling, they are creating addictions among their citizens
John Warren Kindt
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We beat the Great Depression without lotteries and legalized gambling
John Warren Kindt
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It's lose, lose for the taxpayer
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.
John Warren Kindt
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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
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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The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction
John Warren Kindt