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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

John Warren Kindt

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John Warren Kindt
Every
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Mile
Gambling
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Miles
Market
Jobs
Feeder
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The real loss by gambling is $180,000 to the consumer economy for each slot machine
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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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$60,000 spent in a consumer economy multiplies by respending into $180,000
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When governments legalize and encourage gambling, they are creating addictions among their citizens
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We beat the Great Depression without lotteries and legalized gambling
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Another threat to stability is the rise of Internet gambling
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Gambling is a catalyst for economic downturn
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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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No reputable economist anywhere believes it's gambling an economic tool
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27 percent to 55 percent of casino revenues come from problem or pathological gamblers
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The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction
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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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The social costs, and the increased tax costs due to addicted gamblers, stay behind
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Movies and Disney World don't create addicts
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My bottom line is this is no time to be gambling with our 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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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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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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