Every video [slot] gambling machine takes $60,000 out of the consumer economy
My bottom line is this is no time to be gambling with our economy
When the money is not spent on cars and refrigerators and is instead dropped into a slot machine, it leaves the economy
For every three machines, you lose two jobs out of the surrounding economy because people are dumping their money on gambling
A shrinking economy means lost sales and lost jobs
If the government wants to stimulate the economy, it should outlaw gambling
$60,000 spent in a consumer economy multiplies by respending into $180,000
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 real loss by gambling is $180,000 to the consumer economy for each slot machine
Actually, they should just roll it all back get rid of gambling...It destabilizes the U.S. economy
Studies in Australia have verified this drain on the economy by video gambling machines
Lotteries boost state revenues in the short run but don't feed the economy in the long run
For every slot machine you add, you lose one job per year from the consumer economy
Besides creating more compulsive gamblers, money spent on lotteries isn't spent on other goods such as clothing or computers, which would trickle through to retailers, manufacturers and other parts of the economy
It is not economic development; it's about taking money out of the consumer economy and shipping it off to Las Vegas
Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year
It becomes a cannibalization of your pre-existing economy
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