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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

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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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Bankruptcies increase 18 percent to 42 percent above the national average
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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
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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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No reputable economist anywhere believes it's gambling an economic tool
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My bottom line is this is no time to be gambling with our economy
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When governments legalize and encourage gambling, they are creating addictions among their citizens
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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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I would hate to see the state of Wisconsin make another mistake and locate another casino in a high-density population area
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Legalized gambling is the leading cause of bankruptcy
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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
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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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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
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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 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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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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Gambling is a catalyst for economic downturn
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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
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The social costs, and the increased tax costs due to addicted gamblers, stay behind
John Warren Kindt