Journal of Gambling Studies

, Volume 27, Issue 1, pp 145–154 | Cite as

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

Original Paper

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

Bankruptcy Gambling Casino Lottery 

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Copyright information

© Springer Science+Business Media, LLC 2010

Authors and Affiliations

  1. 1.Byrd School of BusinessShenandoah UniversityWinchesterUSA

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