Quote:
Originally Posted by Hardball47
... Gambling is well understood to be a societal net negative i.e., the harm outweighs the benefit ...
Okay fine, so let's start with state governments who have no business being in the gambling business. Lotteries are how governments get poor people to pay taxes. If politicians really were for the "little guy," they would abolish state lotteries. (obviously that's never gonna happen)
Quote:
Originally Posted by Hardball47
... Gambling doesn't produce anything of both utility and value that others can benefit from.
I would beg to differ. Various casino building booms over the last 40-50 years have provided solid well-paying employment for general contractors, architects, design engineers, iron workers, electricians, masons and so on. Casinos have provided entry, junior, mid level employment opportunities for those who might not have had it otherwise (croupiers, floorpersons, entertainers, bartenders, chefs/cooks, maids, janitors, mechnical/electrical operators, valets, etc.). From the technology side, large numbers of highly paid positions (network infrastructure, physical/network security, IOT, handheld/desktop, applications, IaaS/PaaS cloud services, etc.)
On the other hand, do I think casinos are good solutions for economic growth in depressed economies like Baltimore, Philly, Detroit, Tunica, etc.? Not really, I think in those cases, casinos are lazy ways out for politicians, civic leaders, chambers of commerce, etc. IMHO, they do tend to suck more money out of the local economies than they bring in.
IMHO, important to treat Nevada separately, because the gambling business is directly/indirectly responsible for the vast majority of the state economy, unlike the rest of the USA. It used to be 90-95% a while back, not sure now.