The Economics of Casino Gambling

By: Douglas M. Walker

Publisher: Springer; 1 edition (2007)

Pages: 207

Format: Ebook (PDF)

Description

Casino gambling has spread throughout the world, and continues to spread. As governments try to cope with fiscal pressures, legalized casinos offer a possible source of additional tax revenue. But casino gambling is often controversial, as some people have moral objections to gambling. In addition, a small percentage of the population may become pathological gamblers who may create significant social costs. On the benefits side, casinos are often purported to spur economic growth (increases in GDP), employment, and tax revenues. However, these benefits have been questioned. Does casino expansion simply "cannibalize" other industries, having no net effect? Or does casino gambling have significant positive economic impacts? The Economics of Casino Gambling is a comprehensive discussion of the social and economic costs and benefits of legalized gambling. It is the only comprehensive discussion of these issues available on the market.

Table Of Contents

• Introduction
  Pages 1-3
• Casino gambling and economic growth
  Pages 5-18
• Misconceptions about casinos and growth
  Pages 19-33
• Evidence on the growth effects of gambling
  Pages 35-57
• Relationships among U.S. gambling industries
  Pages 59-83
• The social costs of gambling
  Pages 85-111
• Miscellaneous social cost issues
  Pages 113-137
• Problems in gambling research
  Pages 139-164
• Conclusion
  Pages 165-174