Journal of Gambling Studies

, Volume 27, Issue 1, pp 145–154

Estimating the Effects of Casinos and of Lotteries on Bankruptcy: A Panel Data Set Approach

Original Paper

DOI: 10.1007/s10899-010-9187-z

Cite this article as:
Daraban, B. & Thies, C.F. J Gambl Stud (2011) 27: 145. doi:10.1007/s10899-010-9187-z
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Abstract

Using newly-constructed estimates of state revenue or its equivalent from casino-type and lottery gambling and panel data set regression techniques, a small but statistically significant bankruptcy effect is found. Assuming a linear relationship between gambling and the rate of personal bankruptcies, casino-type gambling increases bankruptcies by about 2%. Lottery gambling, while less potent per dollar of revenue generated, has about the same total effect.

Keywords

BankruptcyGamblingCasinoLottery

Copyright information

© Springer Science+Business Media, LLC 2010

Authors and Affiliations

  1. 1.Byrd School of BusinessShenandoah UniversityWinchesterUSA