When the money is not spent on cars and refrigerators and is instead dropped into a slot machine, it leaves the economy
While advocates of legalized gambling say it brings in revenues needed for education and other uses, it actually has led to higher taxes, loss of jobs, economic disruption of non-gambling businesses, increased crime and higher social-welfare costs
Local competing businesses were thereby losing revenue.
My bottom line is this is no time to be gambling with our economy
$60,000 spent in a consumer economy multiplies by respending into $180,000
The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction
When governments legalize and encourage gambling, they are creating addictions among their citizens
Legalized gambling is the leading cause of bankruptcy
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
Gambling is a catalyst for economic downturn
Gambling drains the economy by taking money away from grocery stores and retail businesses and putting it in the hands of an industry that produces no product
Your addiction rate will go up if you have gambling in this area
An Osage tribal study found that between $41 million to $50 million left a 50-mile radius around their own casino
Bankruptcies and addictions increase in areas with casinos
In 1993, 40 percent of Minnesota restaurateurs reported declines attributed to casinos
Thirty-seven percent of gamblers dip into their savings to fulfill their habit
Gamblers spend 10 percent less on food; 25 percent less on clothing and 35 percent less on savings
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
The casinos are walking out of states with at least $1 billion in their pockets to Las Vegas
This is an industry that generates addicted gamblers and they are desperate to get money
Gambling has a zero-sum economic effect in its market and, like legalizing cocaine, the socio-economic costs of legalizing gambling overwhelm the benefits
Every video [slot] gambling machine takes $60,000 out of the consumer economy
A shrinking economy means lost sales and lost jobs
The real loss by gambling is $180,000 to the consumer economy for each slot machine
Studies in Australia have verified this drain on the economy by video gambling machines
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