The Economic Impacts of Casino Gambling at the State and Local Levels
Author:
- Ricardo GazelRGRicardo Gazel
- 1 March 1998
- journal article
- research article
- Published by SAGE Publications in The Annals of the American Academy of Political and Social Science
- Vol. 556 (1) , 66-84
Abstract
This article describes and discusses the components of an economic impact analysis of casino gambling in state and local economies. The article focuses on the positive and negative economic impacts of casino gambling and how large these impacts are likely to be in specific old and new gambling jurisdictions. An emphasis is given to the consequences of market structures used by specific jurisdictions in issuing gambling licenses. The article suggests that monopolistic and oligopolistic market structures are, in general, the major reasons for economic losses for state and local economies when they legalize casino gambling.Keywords
This publication has 2 references indexed in Scilit:
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- CASINO GAMBLING AS A “GROWTH POLE” STRATEGY AND ITS EFFECT ON CRIME*Journal of Regional Science, 1989