LOOTtery expansion continues. See LOTTERY page for info on Senate Finance Committee hearing.
$30 LOOTtery ticket?????? Does the government have NO shame?????
URGENT INFORMATION in press release re ONLINE GAMBLING!
ALERT!!! 6000 MINI-CASINOS IN BARS HB1098 Act 90
PASSES BOTH CHAMBERS! Let the invasive fleecing begin!!
(Note: Vice is a priority!)
Click on the bill link and check text above the bill for the whole bill and on votes to see how your elected officials voted.
Governor’s agreement with Camelot in the UK for the privatization of the LOOTtery not renewed. However, LOOTtery privatization may not be a dead issue with him.
“I cannot find much civic good in state-sponsored gambling. What is
bad about it? It produces no product, no new wealth, and so it makes
no genuine contribution to economic development.”
Jack R. Van Der Slik, director of the Illinois Legislative Studies Center, Sangamon State University and co-author of Lawmaking in Illinois in “The Rostrum” March 1990/Illinois Issues/31
“According to Nobel Prize winning economist Paul Samuelson, it is basic economics that: ‘[Gambling] involves simply sterile transfers ofmoney or goods between individuals, creating no new money or goods.
Although it creates output, gambling does nevertheless absorb time and resources. When pursued beyond the limits of recreation, where the main purpose after all is to “kill” time, gambling subtracts from the national income.”
U.S. National Security and the Strategic Economic Base: The Business/Economic Impacts of the Legalization of Gambling Activities.” John Warren Kindt, St. Louis University Law journal, Vol 39, No 2 (Winter 1995) Quoting Paul A. Samuelson, Economics 425 (10th Ed. 1976). See Also, “Legalized Gambling Activities As Subsidies By Taxpayers”, John Warren Kindt, Arkansas Law Review, Vol 48, No. 4, 1995 and “The Economic Impacts of Legalized Gambling Activities”, John Warren Kindt, Drake Law Review.