The Atlantic City Gamble

By George Sternlieb and James W. Hughes

FROM THE FOREWORD: “The quest for a quick and painless, that is, politically popular, means of raising funds and stimulating economic development never ends. In the last decade, politicians seized on a number of seemingly ingenious devices, from lotteries to off-track betting, that promised benefits such as big increases in revenues and decreases in the role of so-called organized crime. The results have rarely measured up to the expectations-the only thing painless about lotteries and betting shops is the way in which they have parted their clients from their money, and the only real benefits have been to the relatively few individuals who have hit large jackpots and the politicians who have found a new and rich source of patronage.”

Harvard University Press Cambridge, Massachusetts, and London, England. 1983. 224p.

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