Gambling with Stimulus Payments: Feeding Gaming Machines with Federal Dollars

Joseph Hirschberg and Jeanette Lye

No 1166, Department of Economics - Working Papers Series from The University of Melbourne

Abstract: In late 2008 and early 2009 the Australian Federal Government introduced a series of economic stimulus packages designed to maintain consumer spending in the early days of the Great Recession. When these packages were initiated the media suggested that the wide-spread availability of electronic gaming machines(EGMs, eg. slot machines, poker machines, video lottery terminals) in Australia would result in stimulating the EGMs. Using state level monthly data we estimate the degree to which the stimulus payments influenced EGM expenditure and the implications for state and territory gaming tax revenues.

Keywords: Stimulus payments; Gambling; EGMs; VLTs; Pokies; Slots (search for similar items in EconPapers)
Pages: 28 pages
Date: 2013
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