The Bristol Casino is being advertised as a destination resort, attracting customers for gambling and various forms of local entertainment…but will it be? Arguably, Bristol is not an entertainment Mecca. While a beautiful area, it does not have multiple options for out of town guests. The majority of customers for regional casinos drive less than 70 miles, travel in their own cars and return to sleep in their own beds. How will this support downtown hotels and restaurants? It seems that the casino will be the “big winner” in the competition for profits.
Issue Analysis: Casinos and Predatory Gambling
Casinos depend on problem gamblers for the majority of their revenue. Approximately 35 to 50% of casino revenues come from problem and pathological gamblers. (Journal of Law and Commerce 16, no. 1 (1996): 60.) Problem gamblers account for 40 to 60% of slot machine revenues.
Testimony of Les Bernal, National Director, Stop Predatory Gambling Before the Subcommittee on Commerce, Manufacturing, and Trade - December 10, 2013
Estimated revenue from casinos for local municipalities and schools is typically overestimated. In 2013, the four Ohio casinos were on pace to gross about $868 million in the fiscal year, less than half of what was promised in 2009. The Ohio Department of Taxation estimated in 2009, before the vote, that the casinos would generate 1.9 billion in annual tax revenue.
Every $1 of benefit to the community from casinos (entertainment, employment, etc.) brings $3 in social costs (unemployment, crime, drug use, gambling addiction) – (Baylor University professor Earl Grinols)
North American Foundation for Gambling Addiction Help
2.6% or almost 10 million people has an addiction problem because of gambling. Compulsive betting behavior costs about 6 billion dollars per year for US economics.
Numerous studies find that living in close proximity to casinos increases the risk of problem gambling. A 2004 study found that those who live within 10 miles of a casino have twice the rate of pathological and problem gambling as those who do not. (Journal of Gambling Studies 20, no.4 – winter 2004; 419)
A Good Way to Wreck a Local Economy: Build Casinos
No one should look to the gambling industry to revive cities, “because that’s not what casinos do.”
Why Opening A Casino Is A Terrible Idea
A number of smaller towns are opening up casinos in the hopes of emulating the success of Las Vegas and Atlantic City. As far as economic development goes, this is the worst idea.
Study: Adding casinos bad bet
NYC think tank's new report says problem gamblers will pay freight if state expands outlets
How Casinos Enable Gambling Addicts
Modern slot machines develop an unbreakable hold on many players—some of whom wind up losing their jobs, their families, and even, as in the case of Scott Stevens, their lives.