Losing big, losing often

The following is from Les Bernal, friend and fellow blogger --

Check out an article that ran in The Globe and Mail, a newspaper from north of the border, that spotlights how the predatory gambling trade makes most of their profits from out-of-control people. This report comes on top of Wall Street Journal reporter Christina Binkley revealing that casino companies like Harrah’s make 90% of their profits from 10% of the people who use their product.

The state Lottery’s business model is nearly the same. A national commission report sponsored by Congress and the President showed that the top 5% of lottery users account for 54 % of total sales (nearly $4000 or more each) and the top 20% provide 82% of total sales ($1600 or more each).

The article also shows how government, despite knowing this data, has done nothing to help these citizens and stop the exploitation.

Tell your state’s Lottery or Gambling Board to release who the biggest losers are in your state. Click here for the contact info for your state lottery or here for your state gambling board.


Dr. John Warren Kindt, a nationally recognized gambling critic and professor of business and legal policy at the University of Illinois, is the contributing author and editor of the three-volume United States International Gambling Report. To purchase the report, please visit here.

If you feel our efforts are worthy of support, will you consider making a small, tax-deductible contribution to help us continue?


Best,

Les Bernal
Executive Director
Stop Predatory Gambling
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Stop Predatory Gambling
100 Maryland Ave NE, Room 310 Washington, DC 20002
Contact: Les Bernal, (202) 567-6996