From the article I posted:

 

Social impacts of gambling and casinos

The University of Chicago’s National Opinion Research Center (NORC 1999) estimates that 1.2%

of U.S. adults are lifetime pathological gamblers and 1.5% are lifetime problem gamblers.1 The

literature shows a connection between casinos and increased rates of compulsive gambling

problems. Reith et al (2006) cite a variety of research (NORC 1999, Welte et al 2004, Emerson

and Laundegran 1996, Volberg 1995) to show that the location of a casino within 50 miles of an

individual’s home is associated with approximately double the likelihood of problem gambling.

Based on this, opening a casino could potentially double the existing prevalence and social

impacts of problem gambling in a community.

 

Several other studies have also found a link between the presence of casinos and higher

bankruptcy rates:

 Stitt (2000) collected and analyzed data for eight new casino communities and eight noncasino

control group communities. Seven of the eight casino communities had increases in

personal bankruptcy, with statistical significance in five of the seven. The communities that

had casinos the longest tended to have the greatest increases in bankruptcy rates.

 Reith et al (2006) cite several studies, including one by Barron et al (2002) that analyzed

3,000 counties with and without casinos from 1993 to 1999. Controlling for rising

bankruptcy rates overall, the study found that the presence of casino gambling increased

bankruptcy rates by 5.4% during this time period.

 Goss and Morse (2005) analyzed bankruptcy rates in counties that legalized gambling

between 1990 and 2002 versus similar counties that did not. Compared to the non‐casino

counties, the counties that added casinos in 1990 had a compound annual growth rate in

the bankruptcy rate that was 2% higher.

From the article I posted:

 

Social impacts of gambling and casinos

The University of Chicago’s National Opinion Research Center (NORC 1999) estimates that 1.2%

of U.S. adults are lifetime pathological gamblers and 1.5% are lifetime problem gamblers.1 The

literature shows a connection between casinos and increased rates of compulsive gambling

problems. Reith et al (2006) cite a variety of research (NORC 1999, Welte et al 2004, Emerson

and Laundegran 1996, Volberg 1995) to show that the location of a casino within 50 miles of an

individual’s home is associated with approximately double the likelihood of problem gambling.

Based on this, opening a casino could potentially double the existing prevalence and social

impacts of problem gambling in a community.

 

Several other studies have also found a link between the presence of casinos and higher

bankruptcy rates:

 Stitt (2000) collected and analyzed data for eight new casino communities and eight noncasino

control group communities. Seven of the eight casino communities had increases in

personal bankruptcy, with statistical significance in five of the seven. The communities that

had casinos the longest tended to have the greatest increases in bankruptcy rates.

 Reith et al (2006) cite several studies, including one by Barron et al (2002) that analyzed

3,000 counties with and without casinos from 1993 to 1999. Controlling for rising

bankruptcy rates overall, the study found that the presence of casino gambling increased

bankruptcy rates by 5.4% during this time period.

 Goss and Morse (2005) analyzed bankruptcy rates in counties that legalized gambling

between 1990 and 2002 versus similar counties that did not. Compared to the non‐casino

counties, the counties that added casinos in 1990 had a compound annual growth rate in

the bankruptcy rate that was 2% higher.

 

I didn't read that, so thanks for posting.

And Turfway just sent out a press release today stating they would be cutting purses 25 percent for the remainder of the meet.

 

That's what kills me about the people who oppose expanded gambling. We can already gamble in KY. Every state around us has expanded gambling because it's 2012 and not 1982. Our horse industry is dead without expanded gambling but we have people that are ok with that.