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The level of
wealth in the economy rises. However, if more
money leaves than comes in, then there is a
negative impact from the presence of casino
gambling. We must recognize the true source
of the money that is gambled by players and
lost to gambling enterprises, and we must
consider
how the gambling enterprise spends the
money it wins from players.
Factors in the model include where the
players live (their place of residence), whether
they would be gambling elsewhere in the
absence of the casino, the places to which
profits
will be distributed, the places taking supply
expenses and other expenses (including
wages), where taxes (or distributions to
governments)
go, and the costs of compulsive
gambling and crime that
may be generated by the
casino project.
The six proposed
casino projects have similarities,
but they produce
six different impact
results for their communities.
My analysis of the
projects utilizes information
from the sponsors,
from reports made for
local governments, as
well as pro forma information
drawn from statistical
profiles of casino
operations in Wisconsin
and elsewhere.
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