Misconceptions About Casinos and Economic Growth

Douglas Walker ()

Chapter Chapter 4 in Casinonomics, 2013, pp 25-35 from Springer

Abstract: Abstract The economic effects of the casino industry have been examined in a number of US states and regions, and in other countries, by a number of authors. Despite the volume of studies on the effects of gambling, there is no consensus among researchers. Indeed, the economic impacts of casinos are to some extent market specific and vary by the type of casino (e.g., destination resort, riverboat). This chapter focuses on different arguments related to the economic growth effects of casino gambling, with a specific focus on some fallacious arguments that continue to arise in the literature and in political debate. The goal of the discussion in this chapter is to set these arguments in the context of a mainstream economic perspective on exchange and economic growth.

Keywords: Local Economy; Casino Gambling; Displace Worker; Cash Outflow; Legalize Gambling (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-1-4614-7123-3_4

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DOI: 10.1007/978-1-4614-7123-3_4

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