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Socioeconomic Benefits of Legalized Gambling in Utah By: Wendy Turgeon, Chase Hebert, Morgan Wyatt and K.C Huffman.

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Presentation on theme: "Socioeconomic Benefits of Legalized Gambling in Utah By: Wendy Turgeon, Chase Hebert, Morgan Wyatt and K.C Huffman."— Presentation transcript:

1 Socioeconomic Benefits of Legalized Gambling in Utah By: Wendy Turgeon, Chase Hebert, Morgan Wyatt and K.C Huffman.

2 Thesis What are the benefits to having Gambling Legalized in Utah? Throughout this presentation we will presents that changes likely to occur if it were to happen. #13

3 Main Objectives  History of the Lottery  Concerns of Crime  Education  Economy of Utah #18

4 History  Early as 1600’s  English  Puritan #08

5 History  13 Original Colonies  Civic Responsibility  Revenue #23

6 History  First Government Sponsored  Joint Lottery  Powerball – Mega Millions #17

7 History  Lottery States  Non-Lottery States  Regulating #14

8 #04

9 Concerns of Crime  Issues in Assessing Crime  Reduction in Crime  Production in Crime #15

10 Concerns of Crime Issues in Assessing Crime  Agenda Driven  Major Lobbying  Rapid Growth in Industry  Analysis without real crime rate  $40B in externality Costs (in the form of Crime) #03

11 Concerns of Crime Reduction -  Wages of low-skill workers  Development of “Bad” areas #16

12 Concerns of Crime Increase +  Criminality of Visitors  Attracting Bad Clients  Pathological Gamblers  Increased Payoff for Crime  Casino Changes to Populace #10

13 Concerns of Crime #02

14 Concerns of Crime #24

15 #05

16 Education  Does the lottery help fund state education budgets?  Where does the money go to?  If Utah opened a lottery, would it be beneficial to the education system? #12

17 Education  Each year billions of dollars are put towards the state education budget, among other things.  So if so much money goes to the education budget each year, why are our schools still needing to host fundraisers to keep them running throughout the year? #21

18 Education  So where exactly does the Money go? #20

19 Education  The money given to the education system is not additional to our already existing education budget. #22

20 Education  In conclusion, the lottery would greatly benefit the education system, IF the money was used correctly. #11

21 #06

22 Economy of Utah  What we’ve been Missing  The Growth of Utah  Money Back to Utah #01

23 Economy of Utah What its been Missing  $766+ Million  $43,000+  Thousands of Jobs #19

24 Economy of Utah The Growth of Utah  3.6% (As of 12/2014)  5.5% (As of 12/2014)  2 nd fastest growth #07

25 Economy of Utah Money back to the State #09

26 Utah would Benefit  History of the Lottery  Concerns of Crime  Education  Economy of Utah

27 Conclusion  With all the information we've shared we feel bringing the lottery to Utah would have a huge impact on our economy by helping local schools, roads and law enforcement

28 Thank You For Listening! Presented By:  Wendy Turgeon  Morgan Wyatt  Chase Hebert  K.C. Huffman

29 Sources

30 Sources Continued


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