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Gambling Industry Levi Cermak Luis Pedroza Nick Schuman.

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Presentation on theme: "Gambling Industry Levi Cermak Luis Pedroza Nick Schuman."— Presentation transcript:

1 Gambling Industry Levi Cermak Luis Pedroza Nick Schuman

2 Introduction Levi Cermak Luis Pedroza Nick Schuman Overview and Trends Mafia Involvement Gambling Addiction 2 2 Gambling Industry

3 Kinds of Gambling Charitable Gambling Pari-mutuel Wagering Lotteries Casino Gaming 3 3 Gambling Industry

4 The Money 4 4 8.6%8.2% Gambling Industry

5 The Money $37.34 Billion in gross gaming revenue In the US 2012 5 5 23.09% 2003 201 2 In the US 2003 $28.72 Billion in gross gaming revenue Gambling Industry

6 Casinos 834 casinos in the U.S. 187 casinos in the Nevada 460 Native American Casinos 6 6 Gambling Industry

7 Gamblers AGA 2013 32% Casino 53% Lottery Ages 21-35 Gamble the MOST 7 7 Gambling Industry

8 Economic Impact Jobs 332,075 Employed Wages $13.2 Billion Mean Wage of $39,750 Casinos Only 8 8 Gambling Industry

9 Illegal Gambling Age and Location Nebraska Utah Ex: Lottery Legal Illegal Anything unlicensed 9 9 Gambling Industry

10 Illegal Gambling Common forms of illegal gambling Animal Fighting Election Betting Sports Betting Weather Betting Underground Gambling Rings 10 FBI estimates $2.5 Billion spent on March Madness Gambling Industry

11 States 11 Gambling Industry

12 Nebraska Legal Illegal Native American Class II Commercial Land or River Casinos Card Rooms Electronic 12 Gambling Industry

13 Nevada 2012 Most Casinos 265 Gross Revenue $10.86 B Tax Revenue $868.6 M Taxes Education Problem Gambling Programs General Fund Local Government Education Problem Gambling Programs General Fund Local Government 13 Gambling Industry

14 14 Las Vegas, Nevada Gambling Industry Legalized gambling 1931 Not attractive place 1940’s Dirty town Mafia free

15 Al Capone 15 Gambling Industry Great interest Las Vegas Huge moneymaking potential World War 2

16 Bugsy Siegel 16 Gambling Industry The flamingo 1946 Mafia-financed resort Las Vegas “Strip” Assassinated 1947

17 Meyer Lansky 17 Gambling Industry Took over Flamingo Earned huge profit Took all credit Mafia resorts 1950’s

18 Howard Hughes 18 Gambling Industry Fall for Mafia 1960’s 17 Resorts Got out of business FBI attack 1980’s

19 Organized Crime Today 19 Gambling Industry Highly regulated Several Mafia bust Gambling Laws 127 New Jersey New york

20 American Psychiatric Association 1% Of Americans Are Compulsive Gamblers Terms 20

21 Always Increasing Bets You Lose, You Still Bet You Can’t Stop Your Life Is Bad, You Need An Escape Try To Stop, But Can’t Compulsive Gambling 21

22 Average Debt is $40,000-$70,000 Living Within A 50 Mile Radius Of A Casino Doubles Your Chances Of The 3 Million People 75% Are Men 1 In 3 Adults Visit Casinos Regularly 1 in 2 Adults Buy Lottery Tickets Statistics 22

23 Reward Planning For The Future Future Decision Making Frontal Lobe Biological Predisposition Causes 23

24 Road to Recovery Psychodynamic Therapy 12 Step Program Motivational Interviewing Behavioral Therapists 24

25 Success? Dropout Rate Is Very High Some Help Is Better Than None Gamblers Don’t Want To Abstain From Gambling Only 8% Success Rate 25

26 Conclusion Levi Cermak Luis Pedroza Nick Schuman Overview and Trends Mafia Involvement Gambling Addiction 26 Gambling Industry

27 Final Thought Gambling is a good way to produce revenue and taxes and while it can be fun, but it should be done with caution.

28 Gambling Industry Levi Cermak Luis Pedroza Nick Schuman


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