Gambling Quotes

Donald Trump he wanted casino gambling in Florida. Yes, you did.

I will never be in the stock market. It's just gambling. I'm a gambler, but I'll gamble on the practicality of things.

We have a swarm of people in the stock market - not out of knowledge, not out of expectation, but out of basically a gambling instinct, the hope that prices will go up.

Every prosperous person who does not work has a creative scheme that does.

When the money is not spent on cars and refrigerators and is instead dropped into a slot machine, it leaves the economy

Local competing businesses were thereby losing revenue.

When governments legalize and encourage gambling, they are creating addictions among their citizens

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

Gambling is a catalyst for economic downturn

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

No reputable economist anywhere believes it's gambling an economic tool

Gambling interests hire lots of economists to do impact studies, but what you need is cost-benefit analysis, and you'll never see the industry finance those

The social costs, and the increased tax costs due to addicted gamblers, stay behind

Casinos don't bring business except for the gambling boys

Generally, traditional businesses were slow to recognize the way in which legalized gambling captured dollars from across the entire spectrum of the various consumer markets, but now they know

Your social costs, your costs to the taxpayers, are $3 for every $1 of benefits, it's not good economic development

Clothing sales plummet, rent delinquencies mount and even grocery sales shrink as gamblers, having tapped out their entertainment budgets, dip into dollars set aside for necessities

The common mistake that business people make is they're going to get drive-by business...Only gas stations are helped

The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction

Movies and Disney World don't create addicts

This is an industry that generates addicted gamblers and they are desperate to get money

Gambling has a zero-sum economic effect in its market and, like legalizing cocaine, the socio-economic costs of legalizing gambling overwhelm the benefits

Every video [slot] gambling machine takes $60,000 out of the consumer economy

Legalized gambling cost taxpayers $3 for every $1 in state revenue to government

A shrinking economy means lost sales and lost jobs

$60,000 spent in a consumer economy multiplies by respending into $180,000

The real loss by gambling is $180,000 to the consumer economy for each slot machine

Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year

For every slot machine you add, you lose one job per year from the consumer economy

The casinos are walking out of states with at least $1 billion in their pockets to Las Vegas

It is not economic development; it's about taking money out of the consumer economy and shipping it off to Las Vegas

Your addiction rate will go up if you have gambling in this area

An Osage tribal study found that between $41 million to $50 million left a 50-mile radius around their own casino

Studies in Australia have verified this drain on the economy by video gambling machines

In 1993, 40 percent of Minnesota restaurateurs reported declines attributed to casinos

Thirty-seven percent of gamblers dip into their savings to fulfill their habit

Gamblers spend 10 percent less on food; 25 percent less on clothing and 35 percent less on savings

A 1999 report by a bipartisan federal panel on gambling concluded the United States should put a hold on further casinos until it is clear what the impact is on America

My bottom line is this is no time to be gambling with our economy

Any legislator who says he doesn't see the downside hasn't done his homework

What we really need is a federal intervention plan, which calls for a moratorium on gambling in the U.S.

Actually, they should just roll it all back get rid of gambling...It destabilizes the U.S. economy

Lotteries boost state revenues in the short run but don't feed the economy in the long run

State-sponsored gambling produces no product, no new wealth, and so it makes no genuine contribution to economic development

In convenience gambling scenarios, discretionary spending and nondiscretionary addicted gambling dollars were transferred from other forms of consumer expenditures

Then they're like addicts; they can't help themselves... They will steal, cheat, embezzle and commit other crimes just to get money to gamble

It becomes a cannibalization of your pre-existing economy

You bring in gambling into a major population base, and the more people you have going into a casino, the more people you have hooked on gambling

We beat the Great Depression without lotteries and legalized gambling

The smartest thing legislatures can do is get rid of lotteries and get those dollars buying consumer goods and get the sales tax revenues from that