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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
State
Revenues
Running
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Lottery
Long
Revenue
Gambling
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Short
Economy
Lotteries

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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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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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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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Legalized gambling is the leading cause of bankruptcy
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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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The gambling interests like to point to the construction jobs, but those jobs go away
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The casinos are walking out of states with at least $1 billion in their pockets to Las Vegas
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27 percent to 55 percent of casino revenues come from problem or pathological gamblers
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It is not economic development it's about taking money out of the consumer economy and shipping it off to Las Vegas
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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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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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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
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The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction
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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
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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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Actually, they should just roll it all back get rid of gambling...It destabilizes the U.S. economy
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For every slot machine you add, you lose one job per year from the consumer economy
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We beat the Great Depression without lotteries and legalized gambling
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Movies and Disney World don't create addicts
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