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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

John Warren Kindt

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John Warren Kindt
Activity
Industry
Addictive
Generate
Revenue
Gambling
Highly
Faster

More quotes by John Warren Kindt

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Legalized gambling is the leading cause of bankruptcy
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Gambling is being subsidized by the taxpayers
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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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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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We beat the Great Depression without lotteries and legalized 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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Legalized gambling cost taxpayers $3 for every $1 in state revenue to government
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Another threat to stability is the rise of Internet gambling
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Gambling addicts usually lose their focus at work and problem military gambling poses a national security threat
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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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The social costs, and the increased tax costs due to addicted gamblers, stay behind
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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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Studies in Australia have verified this drain on the economy by video gambling machines
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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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Actually, they should just roll it all back get rid of gambling...It destabilizes the U.S. economy
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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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What we really need is a federal intervention plan, which calls for a moratorium on gambling in the U.S.
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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
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27 percent to 55 percent of casino revenues come from problem or pathological gamblers
John Warren Kindt