Title:

Casinos and Regional Economies : Has the Game Changed?, No. 22-28

PREVIOUS | NEXT

Casinos and Regional Economies : Has the Game Changed?, No. 22-28

DATE: July 2022

PART OF: AUTHOR: CONTRIBUTING AUTHOR:

ABSTRACT: With casinos much more common across the nation than they were a generation ago, how might the development of a new casino impact its surrounding regional economy? We survey the literature on the local impact of casinos from a variety of economic and social perspectives. We find that, despite tax revenues being a major motivator for state legalization of casinos, there is little evidence that they boost state taxes. We also find that the job gains from casino development are limited to those in lower density areas that lack nearby casinos.

Download (pdf) View Full Text

Share this page:


Diversity is critical to the Federal Reserve, and we are firmly committed to fostering a diverse and inclusive culture throughout the Federal Reserve System. Collections within FRASER contain historical language, content, and descriptions that reflect the time period within which they were created and the views of their creators. Certain collections contain objectionable content—for example, discriminatory or biased language used to refer to racial, ethnic, and cultural groups. These viewpoints and attitudes are inconsistent with our values, but the original descriptions are retained to ensure that they are not erased from the historical record.
Save & Share
less

Scavette, Adam and Federal Reserve Bank of Richmond. "Casinos and Regional Economies : Has the Game Changed?, No. 22-28," Economic Brief (July 2022). https://fraser.stlouisfed.org/title/6034/item/619228, accessed on March 29, 2023.

More Information
less

DIGITAL COPY SOURCE: Federal Reserve Bank of Richmond

THEMES:
Metadata (XML)
Metadata (JSON)