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Index Page » News & Media » Finance Updates
 

Casino's Popping Up Leads To Negative Impact on Economy

 

Casinos and other forms of gambling are popping up in almost every state. Every other day you hear of a new Indian Tribe that is looking for recognition. Once they receive their recognition, investors look to back these people up and in turn a new Casino is born. People all over the United States are using their paychecks for a chance to win big. In turn all of the local businesses are suffering to the point where they are now starting to file bankruptcy. Eventually, someone in political power will finally admit that the amount of money taken in from taxes on gambling is significantly less than the hardship created with the economy. Most states take in millions of dollars from their casinos, scratch tickets and lotto, but they dont want to deal with the negative impact on the local businesses. Everyone knows there is a problem, but no one wants to face it.

People have no problem in spending hundreds and thousands of dollars at the Casino's but will quickly get upset when gas rises ten cents per gallon or their child needs more school supplies. One mother told me she was very upset that the school system did not completely cover a field trip and that it would cost her $15.00 for each of her two children. She called the school and complained. This same person had no problem the night before losing $1,300.00 at the local casino. There's no logic to this situation. In another situation, a person would steal sweet and low, butter and rolls from her local diner. She had money in her wallet but that was reserved for gambling. In both of these situations family members knew they had a gambling problem only after they noticed their quality of life was changing.

Everyone now knows someone who has a gambling problem. They dont understand how this has happed to a loved one, but they know something has to change. The same situation occurs when you find out your brother is an alcoholic. You cant close down every bar and you cant bring back prohibition. You have to face it head on and look for alternatives to help your brother.

People now are beginning to speak out as the epidemic continues. A lot of people dont even realize they have this addiction until their resources run out. Gamblers tell their friends I won $2000.00 at the Casino on Saturday, but they neglect to tell them they lost $5000.00 and the week before. Bad information is being spread in turn the recipients of this information head to the casino in an attempt to win big. If everyone won Casinos would be out of business.

I have seen thousands of gamblers lives destroyed because they do not know how to quit. Through education we can succeed at finding alternatives to help these people. You may find the following websites helpful:

I Stopped Gambling So Can You http://www.istoppedgambling.com/

Stop Gambling Books http://www.stop-gambling-books.com/

Compulsive Gambling Addiction http://www.compulsive-gambling-addiction.org/

Author: Howard Keith
 
Author Bio:

Howard Keith

Howard Keith

This article can be searched using: financial news, reuters financial news, free financial news, financial market news
 
 
 

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