All posts tagged: The Spectacular Failure of Government-Sanctioned Gambling

North Carolina Lottery does not provide promised education funds

This article by the North Carolina Justice Center explains how the North Carolina Lottery is not living up to its promises of education funding. After providing an initial bump in funds for education, the level of education funding has now dropped back down to below pre-lottery levels. The old argument that the lottery will pay for its social injustice by giving money to schools is now defunct, according to the article, because the state spends less on education than it did before the lottery was put in place. Now that the lottery no longer provides money for education, it is no more than “a regressive tax that falls mainly on the poor”.

NC Lottery: A Failed Experiment

LesNorth Carolina Lottery does not provide promised education funds
read more

Many Asian-Americans are riding the casino bus everyday just to exist

This article from The Morning Call details a growing phenomenon in the Asian-American community in urban New York. Many of these people are very poor, or even homeless, desperate for a way to make a living. Casinos will often provide $45 in free-play cards to these citizens, as a way of getting them into the door and luring them into playing. These people then take a bus for several hours to a casino, and sell these cards to gamblers at the casino, so they can have cash to support themselves.

2014 Asians at Sands Bethlehem casino ride bus to live

 

LesMany Asian-Americans are riding the casino bus everyday just to exist
read more

More and more seniors struggle with gambling addiction

Seniors are among the fastest-growing groups of problem gamblers in America. Being unable to make up their losses after retirement, senior citizens often plunge themselves farther and farther into debt, gambling away their retirement savings for which they worked their whole lives. This report from AlterNet details the effects of problem gambling on seniors.

2014 Senior Gambling Addiction Rates Are Soaring in America

LesMore and more seniors struggle with gambling addiction
read more

Tax break for Atlantic City casinos means more struggles for the city

According to this article by NorthJersey.com, Atlantic City may have to take on an additional tax burden after casinos in the city won a large property tax reduction in court. The reduction is due to declining property values of casinos because of the casino industry’s overall downward spiral in recent years. The city will now have to cope with the loss of serious tax revenue in addition to its long-term financial struggles.

2013 Atlantic City and its casino industry are still struggling – and now the tax burdens on the casinos are shrinking

LesTax break for Atlantic City casinos means more struggles for the city
read more

Oklahoma lottery produces disappointing results

This Journal Record article outlines the argument behind the opposition to the Oklahoma lottery, especially in light of its failure to live up to promises in the past decade. This piece gives an interesting look into the debate over lotteries and shows another example of the failure of government’s experiment with gambling.

2013 It’s time to cut our lottery losses OK

LesOklahoma lottery produces disappointing results
read more

The link between poverty and lottery sales is undeniable

This article by The Hartford Courant, written in response to a taxpayer-funded study that concluded no link between poverty and lottery sales, presents the findings of several other studies that have time and again found an irrefutable link between poverty and lottery sales, and poverty and gambling addiction. The author offers insightful comments on these many past studies that have found this strong link and finds the faults in the one study that has concluded otherwise.

2009 Want False Hope With That Lottery Ticket

LesThe link between poverty and lottery sales is undeniable
read more

Much of lottery revenue comes from those already receiving government subsidies

This in-depth report from the Federal Reserve Bank of St. Louis studied the relationship between income and lottery revenue and found that a large portion of lottery profits come from people who receive some financial subsidy from the government, suggesting the lottery profits from those with the least disposable income.

2008 Income and Lottery Sales- Transfers Trump Income from

LesMuch of lottery revenue comes from those already receiving government subsidies
read more

Report finds link between casino gambling and corruption in states

A report by two economists from the Pew Research Center surveyed political corruption before and after the legalization of casino gambling in states and found that corruption tends to rise when casino gambling is legalized and casinos begin to operate. The report gives two theories as to why this is. First, the economists report casinos tend to open up in states with a “culture of corruption” already established . They also report that the casino industry and casino interests are able to obtain the legislative results they want in a way that is “perhaps tainted by corruption”. This article from Al.com summarized the report’s findings.

2013 Mississippi leads nation in corruption when linked to legalization of gambling

LesReport finds link between casino gambling and corruption in states
read more

Atlantic City’s severe hardships continue despite plunging millions into casinos

Atlantic City is known for its many casinos and for being, essentially, the Las Vegas of the east coast. The many casinos were brought into Atlantic City under the pretense that they would help the city out of its financial hole. However, even decades after Atlantic City legalized casino gambling and spent millions on the casino industry, according to this article by the USA Today, the city continues to struggle.

2013 Millions spent on casinos didn’t help Atlantic City

LesAtlantic City’s severe hardships continue despite plunging millions into casinos
read more

Even the most lucrative of casinos cannot save its surrounding city

The Resorts World Casino is located in Queens, New York, and is known as the country’s #1 top grossing casino, reaping huge profits for the casino owners. However, if you take a look at the surrounding city and its residents, you will see that these immense profits have yet to rescue this city from its poverty, contrary to the promises upon which it was built. This article by The New York Times explains this situation and shows that, although casinos are often built with the promise of economic revitalization, even the richest of casinos don’t send the necessary help that the surrounding communities desperately need.

2013 In Queens, a Casino Bet Gone Bad

LesEven the most lucrative of casinos cannot save its surrounding city
read more