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Lotteries boost state revenues in the short run but don't feed the economy in the long run

John Warren Kindt

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John Warren Kindt
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Short
Economy
Lotteries
State
Revenues
Running
Boost
States
Lottery
Long
Revenue
Gambling

More quotes by John Warren Kindt

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For every slot machine you add, you lose one job per year from the consumer economy
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Another threat to stability is the rise of Internet gambling
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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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Studies in Australia have verified this drain on the economy by video gambling machines
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The real loss by gambling is $180,000 to the consumer economy for each slot machine
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$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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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
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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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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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When governments legalize and encourage gambling, they are creating addictions among their citizens
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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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You bring in gambling into a major population base, and the more people you have going into a casino, the more people you have hooked on gambling
John Warren Kindt
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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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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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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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Bankruptcies increase 18 percent to 42 percent above the national average
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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
John Warren Kindt
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The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction
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