Casinonomics pp 67-88

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The Impact of Casinos on State Tax Revenues

  • Douglas M. Walker
Chapter

Abstract

A primary reason for legalizing gambling—especially recently in the cases of lotteries and casinos—is to provide alternative revenue sources to those which states typically employ. Arguably, the intended effect of these new revenue sources is to increase state revenues and reduce fiscal pressure. Oddly, few researchers have attempted to analyze whether this intended effect has, in fact, been realized. This neglect raises the important empirical question: What is the relationship actually observed between legalized gambling and state government revenues? This is a critical question, especially as many states struggle to deal with increasingly serious fiscal shortfalls. The issue also has significant international importance, as casinos spread worldwide.

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Copyright information

© Springer Science+Business Media New York 2013

Authors and Affiliations

  • Douglas M. Walker
    • 1
  1. 1.Department of Economics & FinanceCollege of CharlestonCharlestonUSA

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