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
Gambling has a zero-sum economic effect in its market and, like legalizing cocaine, the socio-economic costs of legalizing gambling overwhelm the benefits
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
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
Our investigation has found that, unlike traditional fantasy sports, daily fantasy sports companies are engaged in illegal gambling under New York law, causing the same kinds of social and economic harms as other forms of illegal gambling and misleading New York consumers.
The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction
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
This was my first lesson about gambling: if you see somebody winning all the time, he isn't gambling, he's cheating. Later on in life, if I were continuously losing in any gambling situation, I would watch very closely.
Everyone has addictions and my problem is that I have 5,000 of them. If it's not drinking, it's gambling; if it's not gambling, it's eating anything from burgers, doughnuts to M&Ms. The only addiction I don't suffer from is chasing women.
Your social costs, your costs to the taxpayers, are $3 for every $1 of benefits, it's not good economic development
While we know gambling is part of the industry in Las Vegas, we're not going to make it all that easy for you to pick up a ticket, a gambling ticket, on your way into the arena.
I'm crazy enough to believe in taking chances in every way, in making choices and gambling with your life. That's the kind of gambling I believe in.
The only business in the world bigger than gambling is religion...but gambling is not nearly so corrupt.
The next best thing to gambling and winning is gambling and losing.
Gambling addicts usually lose their focus at work and problem military gambling poses a national security threat
I don't see how you have the nerve to oppose this bill when you run the biggest gambling business in the world - gambling on the hereafter.
The thing about online gambling is that it's never away, it's always accessible. And so, if you have an issue with gambling, it's designed to take advantage of that.