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Bankruptcies increase 18 percent to 42 percent above the national average

John Warren Kindt

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John Warren Kindt
Percent
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Bankruptcy
Gambling
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Increase

More quotes by 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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I would hate to see the state of Wisconsin make another mistake and locate another casino in a high-density population area
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
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Studies in Australia have verified this drain on the economy by video gambling machines
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Actually, they should just roll it all back get rid of gambling...It destabilizes the U.S. economy
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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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We beat the Great Depression without lotteries and legalized gambling
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No reputable economist anywhere believes it's gambling an economic tool
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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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Another threat to stability is the rise of Internet gambling
John Warren Kindt
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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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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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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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The faster the gambling activity, the more highly addictive it is and the more addictive the gambling activity is, the more revenue it will generate for the industry
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Legalized gambling cost taxpayers $3 for every $1 in state revenue to government
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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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$60,000 spent in a consumer economy multiplies by respending into $180,000
John Warren Kindt
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Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year
John Warren Kindt
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The gambling interests like to point to the construction jobs, but those jobs go away
John Warren Kindt
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There would be economic disruption in Omaha from expanded gambling...You would just be moving Chernobyl closer to the population center
John Warren Kindt