Gambling Industry Levi Cermak Luis Pedroza Nick Schuman

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

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

The Money %8.2% Gambling Industry

The Money $37.34 Billion in gross gaming revenue In the US % In the US 2003 $28.72 Billion in gross gaming revenue Gambling Industry

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

Gamblers AGA % Casino 53% Lottery Ages Gamble the MOST 7 7 Gambling Industry

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

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

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

States 11 Gambling Industry

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

Gambling Industry Levi Cermak Luis Pedroza Nick Schuman