The Economic and Tax Revenue Impact of Racino Gaming in Texas PDF Download

Author: Texans for Economic Development
Publisher:
ISBN:
Category : Finance, Public
Languages : en
Pages : 19

View

Book Description

Author: Perryman Group
Publisher:
ISBN:
Category : Casinos
Languages : en
Pages : 21

View

Book Description

Author: Douglas M. Walker
Publisher: Springer Science & Business Media
ISBN: 1461471230
Category : Business & Economics
Languages : en
Pages : 329

View

Book Description
Casinonomics provides a comprehensive analysis of the economic and social impacts of the casino industry. Examining the latest cutting-edge research, with a mix of theory and empirical evidence, Casinonomics informs the reader on the most important facets at the forefront of the public policy debate over this controversial industry. While the casino industry has continued to expand across the United States, and around the world, critics argue that casinos bring negative social impacts that offset any economic benefits. Casinonomics examines the evidence on the frequently claimed benefits and costs stemming from expansions in the casino industry, including the impact on economic growth, consumer welfare, and government tax revenues, as well as gambling disorders, crime rates, and the impact on other businesses. Readers will come away with a better-informed opinion on the merits of these arguments for and against public policies that would expand casino gambling.

Author: Cathy Hc Hsu
Publisher: Routledge
ISBN: 1135410690
Category : Business & Economics
Languages : en
Pages : 264

View

Book Description
Covering the entire United States gaming market, Legalized Casino Gaming in the United States provides gaming researchers, policymakers, and hospitality students comprehensive overview of the history, development, legislation, and economic and social impacts of riverboat, land-based, and Native American casino gaming. Containing national and regional research about the industry, this book will provide students with a historical view on gaming and the hospitality industry, offer researchers data and current market status of the industry; and will give policymakers information about the advantages and disadvantages of a gaming industry in their community. Comprehensive and thorough, Legalized Casino Gaming in the United States is full of case studies, data, and surveys that provide you with credible information on community incomes, residents’attitudes about gaming, and gaming taxes in certain states. This fact-filled book will help you evaluate and learn about the pros and cons of the industry, including: reviewing changes in the gaming laws and regulations in particular regions and segments of the industry explaining laws and regulations by state for riverboat and other Native American land-based gaming examining negative and positive social impacts of gaming, including crime; quality of life; community services; availability of entertainment, recreation, and cultural activities; community attractiveness, such as reputation, appearance, cleanliness, and traffic; local resident attitudes; and pathological gaming explaining Nevada’s gaming regulatory system, including the roles of the Nevada Gaming Commission and Gaming Control Board, and discussing issues related to currency transactions, exclusion lists, work permits, customer disputes, and underage gambling discussing positive economic aspects of Native American gaming, such as tax benefits, in Connecticut, Wisconsin, Oregon, and Minnesota, and how the industry impacts surrounding communities Examining the industry from ethical, economic, and social standpoints, the contributors offer you several perspectives of a situation, not just one side of an issue, to help you make educated decisions or opinions about gaming. Bolstered with charts, graphs, tables, and future research recommendations, Legalized Casino Gaming in the United States offers you an in-depth and comprehensive look at the gaming industry, helping you weigh the positive and negative effects of one of the most popular areas of hospitality.

Author: Gerald Paul Hunter
Publisher:
ISBN:
Category :
Languages : en
Pages : 61

View

Book Description
The number of casinos has grown substantially since 1990 as states and localities try to find new tax revenue and jobs. After some initial successes across the United States and Canada, the strategy has become even more popular. With a business so dependent on tourists, how has the spread of casino gambling affected the returns communities get from hosting casinos? Broadly speaking when neighboring areas pursue the same economic development strategy, is any economic development actually occurring or are benefits just being transferred from one to the other? This analysis addresses that question and provides some preliminary evidence. Casinos have positively impacted economic conditions at the county level, though the benefits are strongest in the early stages of the casino's existence. Competition with other casinos has had negative effects on the tax revenue individual casinos pay to states. More importantly, casino competition has negatively affected economic development impacts of existing casinos, though in most cases the net benefits are still positive.

Author: Ernest P. Goss
Publisher: University of Michigan Press
ISBN: 0472024868
Category : Business & Economics
Languages : en
Pages : 344

View

Book Description
Written by a lawyer and an economist, Governing Fortune summarizes the legal framework supporting the gaming industry and reviews the costs and benefits of casinos by showing how tax base and job growth vary widely with site-specific factors. The book sets forth an innovative proposal for the licensing of gamblers as a means to balance the liberty interests of individuals against the social costs generated from problem gambling behavior. Morse and Goss offer both regional and sector comparisons of the gaming industry and accessible data about every aspect of the gaming environment, including the impact of gambling on economic and social environments. "Goss and Morse provide an outstandingly sound economic understanding of the function and place of casinos in American society, including essential heretofore unavailable grounding in the legal issues that the book accomplishes remarkably effectively. Moreover, this wealth of economic and legal information is transmitted in an engaging and readable manner. Scholarly, thoughtfully collected and authoritative, the book is of interest to any learner of the gambling industry, including students, civic activists, legislators, and scholars." — Earl Grinols, Baylor University "In this book, Morse and Goss make important contributions to our understanding of the negative outcomes of the expansion of gambling in America." — Jon Bruning, Nebraska Attorney General Edward A. Morse is Professor of Law and holder of the McGrath North Mullin & Kratz Endowed Chair in Business Law at Creighton University School of Law. Ernest P. Goss is Professor of Economics and MacAllister Chair at Creighton University and was a 2004 scholar-in-residence with the Congressional Budget Office.

Author: Brandon W. Koch
Publisher:
ISBN:
Category : Casinos
Languages : en
Pages : 150

View

Book Description
As county administrators seek new revenue streams, casino gaming becomes a valuable local revenue production mechanism. Recently, Pennsylvania has been vastly successful with developing a commercial casino market. The American Gaming Association in 2017 found that Pennsylvania has the largest sole commercial casino industry and highest effective tax rate in the United States. The case study of the Pennsylvania gaming industry is utilized to investigate plannable casino born factor impacts on county revenue. State and local regulations dictate the method and location (plannable factors) of permitted casino gaming via quotas and licensure. Casino born factors created as a result of implementing casino gaming (e.g. revenue agreements, hosting/bordering proximity, size, or physical location demographics) are tested in conjunction with traditional economic factors of per capita income and job sector growth rates to test the impact on total county revenue. The Pennsylvania case is examined using annual data from 1999-2017 to investigate the effects of 13 casinos on county economies. The statistical model, hierarchal regression, used by this study allows casino born factors to be selectively added to the model which helped to isolate the impact of each variable grouping (style, size, distance) on revenue. The studied population starts broad by including all counties in the first two regressions, then narrows to focus on casino impact on only casino hosting county revenues. All regressions included the traditional economic variables. The impact of job rates was found to have mixed impact and significance on county revenues throughout the regression. Some jobs such as retail provided more positive revenue impacts, while others like construction did not. Per capita income had the most significant positive impact out of all the traditional variables, but the true focus of the work was on the impact of casino born factors on county revenues. The first impact factors added to the regression measured whether physically being around a casino (hosting/bordering) is more important for revenue production, or, if a revenue sharing agreement is more valuable. The research generally indicates that revenue sharing agreements increase county revenues as does hosting a casino. The impact of bordering a casino hosting county on revenues was negative and consistent throughout the model. The size of a casino (measured by gross terminal revenues and/or the number of employees) was added to the regression model and counterintuitive results were found. Against expectations, the size of the casino, regardless of measurement style employed by this study, does not significantly impact revenue on a county level. The last regression introduced casino born location-based variables including the distance from a casino to the next nearest in and out of state population center and casino. Data results indicated that county revenues increased if a casino is placed closer to a state border, or, close to out of state population centers and away from other casinos and in-state population centers. The research provides insight to administrators contemplating the implementation of casino gaming as a local revenue generating mechanism by providing case research on economic stream style, size, and location impact.

Author: Harold T. Gross
Publisher:
ISBN:
Category : Casinos
Languages : en
Pages : 62

View

Book Description

Author: Thomas E. Lambert
Publisher:
ISBN:
Category :
Languages : en
Pages : 34

View

Book Description
In the aftermath of the Great Recession of 2007-2009, the popular press has noted a rebound in casino revenues in some states, and some expect casino revenues to grow and increase again along with any economic recovery. However, before the recent recession, there were trends indicating stagnation or a peak of casino revenues in most states, and as the last recession has indicated, casino revenues were not “recession-proof” as most had thought previously. In fact, casino revenues in most states saw big declines. In this paper, we show that the casino revenues have stagnated or declined partially due to a saturation point being reached with regard to casino gaming in many areas of the United States. The growth rate of casino revenues as well as the tax receipts for the state governments from casinos follows an 'S' curve which is similar to a product life cycle curve. The introduction of more gambling venues as well as putting in slot machines at race tracks may give a temporary boost to state gambling tax receipts, but longer run trends indicate that the years of casinos showing large gains in revenues may be over unless casino operations continue to re-invent themselves.

Author:
Publisher:
ISBN:
Category : Casinos
Languages : en
Pages : 172

View

Book Description