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
Legalized gambling is the leading cause of bankruptcy
When governments legalize and encourage gambling, they are creating addictions among their citizens
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
The social costs, and the increased tax costs due to addicted gamblers, stay behind
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
The gambling interests like to point to the construction jobs, but those jobs go away
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
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
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
A study in Illinois in the mid-1990s found that 65 percent of businesses were hurt by the proximity of gambling
Your social costs, your costs to the taxpayers, are $3 for every $1 of benefits, it's not good economic development
The common mistake that business people make is they're going to get drive-by business...Only gas stations are helped
There would be economic disruption in Omaha from expanded gambling...You would just be moving Chernobyl closer to the population center
Movies and Disney World don't create addicts
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