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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

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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
Subject(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.
Issue Date: 2003-01
Publisher: Ohio Northern University Law Review
Citation Info: Kindt, John Warren. "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." 29 Ohio N.U.L. Rev. 363 (2003).
Genre: Article
Type: Text
Language: English
URI: http://hdl.handle.net/2142/16272
Publication Status: published or submitted for publication
Peer Reviewed: is peer reviewed
Rights Information: Copyright (c) 2003 Ohio Northern University Law Review
Date Available in IDEALS: 2010-05-20
 

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