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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
Long
Revenue
Gambling
Feed
Short
Economy
Lotteries
State
Revenues
Running
Boost
States
Lottery

More quotes by 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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An Osage tribal study found that between $41 million to $50 million left a 50-mile radius around their own casino
John Warren Kindt
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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
John Warren Kindt
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Legalized gambling cost taxpayers $3 for every $1 in state revenue to government
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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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Gambling is being subsidized by the taxpayers
John Warren Kindt
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No reputable economist anywhere believes it's gambling an economic tool
John Warren Kindt
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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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The common mistake that business people make is they're going to get drive-by business...Only gas stations are helped
John Warren Kindt
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Gambling is a catalyst for economic downturn
John Warren Kindt
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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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$60,000 spent in a consumer economy multiplies by respending into $180,000
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
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Legalized gambling is the leading cause of bankruptcy
John Warren Kindt
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Another threat to stability is the rise of Internet gambling
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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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 real loss by gambling is $180,000 to the consumer economy for each slot machine
John Warren Kindt
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Studies in Australia have verified this drain on the economy by video gambling machines
John Warren Kindt
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My bottom line is this is no time to be gambling with our economy
John Warren Kindt