Studies in Australia have verified this drain on the economy by video gambling machines
The real loss by gambling is $180,000 to the consumer economy for each slot machine
Every video [slot] gambling machine takes $60,000 out of the consumer economy
Gambling has a zero-sum economic effect in its market and, like legalizing cocaine, the socio-economic costs of legalizing gambling overwhelm the benefits
This is an industry that generates addicted gamblers and they are desperate to get money
The casinos are walking out of states with at least $1 billion in their pockets to Las Vegas
Movies and Disney World don't create addicts
The gambling interests like to point to the construction jobs, but those jobs go away
The social costs, and the increased tax costs due to addicted gamblers, stay behind
For every three machines, you lose two jobs out of the surrounding economy because people are dumping their money on gambling
Gambling is being subsidized by the taxpayers
A shrinking economy means lost sales and lost jobs
It's lose, lose for the taxpayer
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.
The gambling industry has a tendency to find public figures ... and these persons are used for their public image. These people generally come in for a couple of years and then they sell out and it's 100 percent owned by out-of-state interests
If the government wants to stimulate the economy, it should outlaw gambling
No reputable economist anywhere believes it's gambling an economic tool
For every dollar of revenue generated by gambling, taxpayers must pay at least $3 in increased criminal justice costs, social welfare expenses, high regulatory costs, and increased infrastructure expenditures
Casinos don't bring business except for the gambling boys
Generally, traditional businesses were slow to recognize the way in which legalized gambling captured dollars from across the entire spectrum of the various consumer markets, but now they know
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
A 1999 report by a bipartisan federal panel on gambling concluded the United States should put a hold on further casinos until it is clear what the impact is on America
If you want your 401k to come back, recriminalize gambling
Although crime and corruption decreases within a one-mile radius of a casino, it increases 10 percent within a 35-mile radius by the third year the casino is open.
It's time to wipe the slate clean, recriminalize gambling, just like we did in this country 100 years ago
