The gambling take: balancing revenues and responsibilities.

The Effect of Legalized Gambling on State Government Revenue

Legalized gambling is an attractive option to state governments facing tightening fiscal constraints. Yet, the empirical evidence on the effect of gambling on state revenues is limited. Most studies examine a single industry in a single state, and for a relatively short period of time. This study provides a more general analysis of gambling industries and their effects on state revenues. We use...

Optimization of State Revenues through the Introduction of Casino Gambling

ECONOMIC DEVELOPMENT AND CASINOS Do Casinos Cause Economic Growth ?

Casino gambling is a popular form of entertainment and is purported to have positive effects on host economies. The industry surely affects local labor markets and tax revenues. However, there has been little evidence on the effects of casino gambling on state economic growth. This paper examines that relationship using Grangercausality analysis modified for use with panel data. Our results ind...

Comparison of p300 in risk-seeker and risk-averse people during simple gambling task

Risk preference, the degree of tendency to take risk, has a fundamental role at individual and social health and is divided to risk seeker and risk averse. Therefore, the study of neural corelates of risk preferences is essential at the field of psychology and psychiatry. The current study aimed to examine and compare an ERP component named P300 between subjects with different risk preferences....

The Income Elasticity of Casino Revenues: Short-Run and Long-Run Estimates

In this paper we examine how casino gambling revenues differ from other major tax revenues in growth and variability. We estimate the long-run and short-run income elasticities using state-level casino revenue and state, regional and national income. Our empirical analysis includes eleven states that have significant casino gambling. To estimate income elasticities, we run separate time-series ...