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This only includes the amount spent legally.
Illegal gambling accounts for billions more.
This is the net amount spent.
Our government feeds this addiction by siphoning off billions in taxes from these gambling revenues to redistribute as they see fit.
Government sponsored gambling is a regressive tax on the poor and is immoral.
Politicians have become addicted to the tax revenues being drained from the deprived in the country.
Gambling was illegal in the U.
Nevada legalized gambling in 1931 and over time, Las Vegas became the gambling capital of the U.
Atlantic City joined the club in 1978, building casinos in the midst of crime ridden slums.
Gangster Bugsy Siegel opened the Flamingo Casino in 1947 and an era of mob involvement began.
Over the last three decades gambling has exploded, as Indian reservations have been allowed to open casinos as payback for 3 centuries of being slaughtered by the white man.
Riverboat gambling and lotteries have sprung up across the nation in order to fill the state coffers.
Abetted by Congress, legislatures from 48 states now sponsor gambling operations and lottery monopolies to balance their budgets on the backs of their underprivileged and most susceptible citizens, while basking in the virtue of fighting tax increases.
Rather than control costs, states find it much easier to lure the poor into parting with the little money they have.
The amount of money frittered away on games of chance rose all british casino bonus codes 59% between 1999 and 2007.
This coincided with the national debt induced housing frenzy and the high stakes gambling attitude on Wall Street.
It warms the cockles of my heart knowing that people were taking out home equity loans to gamble at casinos.
Those who can afford to lose the least, are spending the most.
The incredible escalation of gambling, encouraged and sustained by local and state governments has done long lasting damage to the social fabric of society and has further impoverished those who have the least to lose.
The gambling industry has grown tenfold since 1975, with 41 states now running weekly lotteries.
Nineteen states now have legalized commercial casinos, while twenty-nine states have Indian casinos.
There are a total of 450 commercial casinos in the country.
The first online gambling site launched in August 1995.
It is currently estimated that there are well over 2,000 Internet gambling Web sites offering various wagering options, including sports betting, casino games, lotteries and bingo.
Two thirds of all adults placed some kind of bet in the last year.
The social stigma of gambling has fallen by when people spend all their money in casinos wayside.
According to recent research, about 2.
Gambling addiction is a compulsive need that can be devastating for the person and his family.
Gambling addiction statistics show that more than 80% of American adults report having gambled at some point in their lives.
The statistics show that during any year, 2.
The average debt incurred by a male pathological gambler in the U.
The average rate of divorce for problem gamblers is nearly twice that of non-gamblers.
The suicide rate for pathological gamblers is twenty times higher than for non-gamblers.
All of these wonderful side effects are fully supported and subsidized by the government.
What I do object to is state and local governments turning to gambling in an attempt to plug their budget deficits caused by doling out ungodly generous benefits to state union workers and frivolous wasteful pork projects designed to get lawmakers re-elected.
The facts are that gambling negatively impacts the uneducated poor, senior citizens, and young adults the most.
Government is preying on the ignorant to support their unquenchable thirst for more funds to support their social agendas.
Gambling has been legalized in States and Cities run by Republicans and Democrats.
But, the facts are that the venues with the largest gambling empires are controlled by the Democratic Party and have been for decades.
Las Vegas, Atlantic City, Chicago, Connecticut, Detroit, and St.
Louis are Democratic strongholds.
It is not surprising to me that cities with the highest poverty rates such as Detroit, Atlantic City, and St.
Louis are most dependent on taxes from gambling.
The hypocrisy of the politicians in these cities is mind numbing.
They are truly vampires draining the poor of the little they have to allegedly pay for programs to help the poor.
Instead, the money is funneled to unions and crooked politicians.
CASINO MARKETS BY ANNUAL REVENUE Gross revenue is earnings before taxes, salaries and expenses are paid the equivalent of sales, not profit.
Most states gain political support for their lotteries by earmarking them for appealing causes such as education, schools, roads, and parks.
But there is no practical way to prevent a legislature from allocating these revenues to other reelection-prompting purposes.
Revenues derived from gambling take money from poor families that would have been spent on such trivial expenses like food, utilities, mortgages and rent.
The chart below unmistakably proves that the state is picking the pockets of the poor, ignorant and minorities.
High School dropouts spend 125% more on lotteries per year than College graduates.
Blacks spend 57% more than Whites.
The other group most abused by the nanny State is senior citizens.
Seniors are more likely than younger people to be living on fixed incomes-so even small losses can have a big impact.
And they're more likely to have some type of age-related mental impairment affecting their ability to bet responsibly.
David Oslin, the author of the study, stated, "These seniors who are at-risk may not be ready for gamblers anonymous but many of them don't have a lot of money and spending on gambling could mean that they won't have anything left to buy medicines.
Casino corporations segment local markets, track prospects' and players' observed worth, define their predicted value, and systematically maximize individual "share of wallet" through when people spend all their money in casinos and customized promotional messages, limited-time cash offers, and carefully tracked time-to-response when people spend all their money in casinos spending analysis.
This is highly sophisticated and systematic coercion of granny.
TV glorifies poker tournaments on ESPN.
Internet gambling sites make it as easy as pie to develop a gambling addiction.
All you need is a credit card to initiate your addiction.
Gambling among young people is soaring as 42% of 14-year-olds, 49% of 15-year-olds, 63% of 16-year-olds, and 76% of 18-year-olds have gambled.
According to the American Psychological Association Internet gambling could be as addictive as alcohol and drugs.
Government is robbing the most susceptible in our society, the young, the old, the poor, and the ignorant, to fund their grand plans.
The economic crisis has crushed state tax revenues.
This should have forced lawmakers to make tough decisions and cut costs.
The humungous government bureaucracy has plenty of room to be pared back.
The Democratic Governor, Fast Eddie Rendell, formerly the mayor of Democratic controlled Philadelphia, refused to fire any unionized State employees.
Pennsylvanian politicians would rather take the easy way out by imposing a regressive hidden tax on the poor to support unionized casinos and unionized State employees.
Democrats know where there bread is buttered.
The only thing that drives them is power and money.
They do not care where they get tax revenue, as long as they can get re-elected by doling out the dough to the right constituents.
The State collects lottery revenue and taxes on casino revenue to pay for welfare programs that keep the poor when people spend all their money in casinos in poverty.
Keeping the ignorant masses sedated with games of chance, easy credit, and welfare checks allows politicians to retain power and control.
Despite for all games bonus collector think of our rage, we are still rats in a cage.
Join me click to see more www.
By James Quinn used by permission quinnadvisors comcast.
James has held financial positions with a retailer, homebuilder and university in his 22-year career.
Those positions included treasurer, controller, and head of strategic planning.
He is married with three boys and is writing these articles because he cares about their future.
He earned a BS in accounting from Drexel University and an MBA from Villanova University.
He is a certified public accountant and a certified cash manager.
These articles reflect the personal views of James Quinn.
They do not necessarily represent the views of his employer, and are not sponsored or endorsed by his employer.
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