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Tuesday, May 10, 2016

Government Addiction to Gambling Revenues

Woman, who says she embezzled to pay for gambling, must pay $500K in restitution

Kyle Schwab by Kyle Schwab  

A look at the most gambling-addicted states


But gambling addiction is hard to measure, especially since millennials don’t like casinos.
“They certainly don’t want to sit there and play in front of slot machines. That doesn’t do anything for them,” said Richard McGowan, a professor of statistics, economics and business policy at Boston College.
But casinos are reaching out to millennials with new machines that let them play against each other.
Follow Nancy Marshall-Genzer at @MarshallGenzer

This State Has the Worst Gambling Addiction

And here's how the other 49 rank.

Whenever legalizing gambling is discussed, it becomes a seriously contentious issue, for obvious reasons—fun and games can quickly spiral out of control into addiction. Gambling may not be legal in many states, but its addiction is a fairly sizable and expensive problem that affects over 2% of the population and had a total social cost of $7 billion in 2013, according to the National Council on Problem Gambling.

According to a recent WalletHub analysis — which compared 13 metrics that compared “gambling friendliness” with “gambling problem and treatment” — Nevada, home to Las Vegas, was in fact the worst state in the union for gambling addiction. It was the second most gambling-friendly place and ranked number 12 for gambling problems.

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