Gambling's dark side

Monday, May 29, 2006

Casinos represented an old development strategy that is primarily appropriate for rural counties located near metropolitan regions.

(The reason has to do with the economic dynamics of gambling. For gambling to be a net positive for a region, you need at least 60% of your patrons from outside the region. That's relatively easy to do with a rural county. It is virtually impossible to do in a large metro region. Gambling works as economic development in Rising Sun, IN, but it is a real moon shot in a place like Cleveland.)

At the same time, other factors are often left out of the equation. Gambling carries tremendous hidden social costs.

Here's a very good series of articles that explore the social costs of gambling: Hooked on Gambling. The series includes some audio interviews. Read more.

posted by Ed Morrison |

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