“Gambling has a zero-sum economic effect in its market and, like legalizing cocaine, the socio-economic costs of legalizing gambling overwhelm the benefits” EconomicEffectsCostBenefitsGamblingZeroCocaine Author:John Warren Kindt
“Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year” YearsJobsLostEconomyCostMachinesVideoGambling Author:John Warren Kindt
“Legalized gambling cost taxpayers $3 for every $1 in state revenue to government” StatesGovernmentCostGamblingRevenueTaxpayers Author:John Warren Kindt
“The social costs, and the increased tax costs due to addicted gamblers, stay behind” SocialBehindsCostTaxesDuesGambling Author:John Warren Kindt
“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” NeedsInterestStudyIndustryCostBenefitsImpactFinanceAnalysisGamblingEconomistCost Benefit Analysis Author:John Warren Kindt
“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” SocialJusticePayCostDollarsCriminalsWelfareGamblingExpensesRevenueInfrastructureTaxpayersCriminal JusticeExpendituresSocial Welfare Author:John Warren Kindt
“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” UseJobsSocialLossEconomicCrimeNeededHigherCostTaxesWelfareGamblingRevenueDisruptionSocial WelfareJob Loss Author:John Warren Kindt
“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” IfsWould BeSocialEconomicCostTaxesIncreaseConsumersProductiveGamblingGoodsRevenueBanned Author:John Warren Kindt
“Your social costs, your costs to the taxpayers, are $3 for every $1 of benefits, it's not good economic development” SocialEconomicDevelopmentCostBenefitsGamblingTaxpayersEconomic Development Author:John Warren Kindt
“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” ReasonSocialJusticeEconomicCostBenefitsEvidenceSocial JusticeAddictionGamblingTaxpayersBans Author:John Warren Kindt