University of Illinois Urbana-Champaign

Internationally, The 21st Century Is No Time for the United States to Be Gambling With the Economy: Taxpayers Subsidizing the Gambling Industry and the De Facto Elimination of All Casino Tax Revenues via the 2002 Economic Stimulus Act

Kindt, John Warren

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https://hdl.handle.net/2142/16272

Description

Title
Internationally, The 21st Century Is No Time for the United States to Be Gambling With the Economy: Taxpayers Subsidizing the Gambling Industry and the De Facto Elimination of All Casino Tax Revenues via the 2002 Economic Stimulus Act
Author(s)
Kindt, John Warren
Issue Date
2003-01
Keyword(s)
  • United States
  • Gambling
  • Economy
  • Taxes
  • Casinos
Abstract
"The Gambling Industry and Taxation by Terrorism ... Another concern was the target marketing to children via children's themes on video gambling machines leading to charges that the gambling industry had transformed the problem of Joe Camel into ""Joe Casino. ... The annual U.S. bankruptcy costs due to legalized gambling were at least $ 3 billion with 105,000 new bankruptcy filings. ... Repeat this process by multiplying the population base times the projected increases in problem gamblers (conservatively 2 percent) times the socioeconomic costs of one problem gambler (conservatively $ 2,000). ... Legalizing various gambling activities increases the number of problems related to pathological gambling in the context of the work force, and these costs are reflected in increased personnel costs-such as ""rehabilitation costs,"" which can easily range from $ 3,000 to $ 20,000 (or more) per pathological gambler. ... "" For example, the field research strongly suggests that the introduction of widespread legalized gambling in South Dakota, including casinos and video lottery terminals (VLTs), over a two-year time span caused a 1.0 percent increase in the number of problem and probable pathological gamblers -a recognized addictive behavior pursuant to the American Psychiatric Association."
Publisher
Ohio Northern University Law Review
Type of Resource
text
Language
en
Permalink
http://hdl.handle.net/2142/16272
Copyright and License Information
Copyright (c) 2003 Ohio Northern University Law Review

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