Cost Quote by John Warren Kindt
“Legalized gambling cost taxpayers $3 for every $1 in state revenue to government”
About This Quote
Source Report: State Fiscal Review, 2022, USA
Legalized gambling generates a net loss for taxpayers, costing three dollars for each dollar earned by the state.
In simple terms: Gambling costs taxpayers more than it earns.
Key Takeaway
Reevaluate gambling policies.
Themes
public finance
taxation
gambling
policy
economics
Mood
critical
analytical
Type
policy
economic
When to use this quote
- legislative hearings
- budget planning
- public advocacy
- tax reform
Key Concepts
externalities
public welfare
budget deficits
Questions to Reflect On
- How can the state mitigate the fiscal loss?
- Are there alternative revenue sources?
A Different Perspective
Revenue gains may be offset by social costs and enforcement expenses.
![“[Photography is ] likewise even French impressionists. So the Sculls bought pop. It was politics, and they moved with it. And I think that could be happening, to some degree, with photography, too. It doesn't cost as much to do it, either.” quote by Garry Winogrand](https://sms4smile.com/quotes/img-quotes/2eb/garry-winogrand-2342_cost_photography-is-likewise-even-french-impr_2802.jpg)
