This paper focuses on the issues and options with casino gaming as a state and local response to changed fiscal environments. Lessons from casino states, primarily New Jersey, are examined. Casinos account for the bulk of wagering in the United States, and the casino fever is likely to continue. Casinos can provide major economic benefits; however, casino revenues represent a limited and unstable revenue base. Policymakers have to weigh all the social costs against potential benefits. More research needs to be done to assess the true cost and benefit potentials of the casino option.
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Ranjana Madhusudhan (1996) studied this question.
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