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While gambling addiction can be a social justice reason for some to ban gambling, the economic evidence suggests that the social and economic costs of gambling are $3 to the taxpayers for every $1 in benefits
John Warren Kindt
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John Warren Kindt
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More quotes by John Warren Kindt
Legalized gambling is the leading cause of bankruptcy
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Studies in Australia have verified this drain on the economy by video gambling machines
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If you want your 401k to come back, recriminalize gambling
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When governments legalize and encourage gambling, they are creating addictions among their citizens
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The real loss by gambling is $180,000 to the consumer economy for each slot machine
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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
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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
$60,000 spent in a consumer economy multiplies by respending into $180,000
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Movies and Disney World don't create addicts
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Bankruptcies increase 18 percent to 42 percent above the national average
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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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Another threat to stability is the rise of Internet gambling
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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
My bottom line is this is no time to be gambling with our economy
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The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction
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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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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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Taxpayers would likely be responsible for treating addicts
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Legalized gambling cost taxpayers $3 for every $1 in state revenue to government
John Warren Kindt