Page Title

Cost chart

* Source: Business Profitability vs. Social Profitability: Evaluating The Social Contribution
Of Industries With Externalities, The Case Of The Casino Industry, Earl L. Grinols,
Dept. of Economics, University of Illinois, David B. Mustard, Dept. of Economics,
University of Georgia,
December 2000

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What Gambling Cost Missourians
Fiscal Year 2001

Amount gambled (lost) in Missouri casinos
$1,049,216,000
Revenue (tax) to the state (20%)
$209,843,200
Population of adults in Missouri
3,997,000
Pathological gambling prevalence rate (low estimate)
1.50%
Pathological gamblers in Missouri (low estimate)
59,955
Dollar cost per pathological gambler per year
*$13,586
Crime - Business Embezzlement
Employment Costs - Bankruptcy
Suicide - Illness - Social Service Costs
Government Direct Regulatory Costs
Family Costs - Higher Insurance Rates
Judicial - Incarceration Costs
59,955 x $13,586 = $814,548,630
 
Cost Calculation:
Gambling Revenue to State of Missouri (20%)
$209,843,200
Cost due to pathological gambling
$814,548,630
Net Loss to the people of Missouri
-$604,705,430

 
* Business Profitability Versus Social Profitability: Evaluating Industries with
Externalities, The Case of the Casino Industry By Earl L. Grinols and David B. Mustard http://www.cba.uiuc.edu/grinols/Scribblings/Casinos-Crime-15SEP00.pdf
ADDICTED GAMBLING RATES
Detroit
Las Vegas
Florida
Mississippi
Montana
N Dakota
11.4% 1.
6.6% 2.
 5.2% 3.
 4.9% 4.
3.6% 4.
 2.1% 5.

1. Michigan's Community Health Department  2. Gemini Research Inc. of Northampton, Mass.  3. University of Florida  4. 1998 Montana Gambling Study  5. AP 3/22/02