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<< Mercenaries: Told You So Edition | Main | Sully and Antiwar Arguments >> May 09, 2004Fleecing GrandmaNow for an evil of a different kind. Forget Hollywood. Forget computer games. Even forget porn. This is the real cash cow of American entertainment All told, North American casinos took in $30 billion from slots in 2003 -- an amount that dwarfs the $9 billion in tickets sold in North American movie theaters that year. Pornography, the country's second most lucrative form of adult entertainment, doesn't come close, either: experts estimate that Americans spend at most $10 billion a year on live sex shows, phone sex and porn in various media from cable to DVD to video and the Internet.And if you wonder why the US technology edge is slipping, it's because some of our best minds are devoted to pysching out slot machine patrons: ''The slot machine is brilliantly designed from a behavioral psychology perspective,'' says Nancy Petry, a professor of psychiatry at the University of Connecticut School of Medicine. ''The people who are making these machines are using all the behavioral techniques to increase the probability that the behavior of gambling will reoccur.'' She refers to intermittent reward and ''second-order conditioning'' -- the lights and sounds that go off when a player wins, for example, or the two cherries in a row that convinces people they're getting closer.And the damn things are spreading state by state. The Bush administration banned over-the-counter use of the "Day After" pill for fear people wouldn't use it correctly, yet governments directly profit from this guaranteed form of self-abuse every day. What a weird country. Posted by Nathan at May 9, 2004 10:55 AM Related posts:
Trackback PingsTrackBack URL for this entry: CommentsI'll say one thing for slot machines: the security and oversight over them in some parts of the country would be great if also applied to electronic voting systems. Posted by: gcr at May 9, 2004 11:59 PM It's worth mentioning that the $30B figure represents total revenues from slot machines, not net income. Since slot machines pay out between 85 and 95% of their intake, it is not quite the cash cow that pornography is (which pays most of its actors a pittance and rakes in huge margins). Posted by: niq at May 10, 2004 08:01 PM Slot machines are Skinner's Boxes for people. Posted by: hardindr at May 13, 2004 04:49 PM $30 billion is the amount taken after payouts. Gamblers dump more than $10 billion into slot machines in Nevada each month. When casinos refer to "Gross Revenue," they mean the amount taken AFTER payouts, but BEFORE overhead. The total amout wagered is called the "handle." Posted by: gordo at May 14, 2004 10:25 AM Post a comment
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