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People Rush in, Empty Their Pockets, and Scuttle Out: Economic Impacts of Gambling on the Waterways

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  • Monchuk, Daniel C.

Abstract

This paper evaluates county-level economic growth impacts of casinos along waterways in six US states over the years 1995-2002. In a manner consistent with in-dividual state legislation regarding legalized riverboat gambling, the dataset in-cludes those counties in the states of Illinois, Indiana, Iowa, Louisiana, Missouri, and Mississippi adjacent to navigable waterways. Using insights gained from reduced form equations derived via a structural growth model, a system of growth relation-ships is estimated for each of population, employment, and aggregate county in-come. Controlling for various local characteristics, there is evidence counties with a casino opening after 1995 experienced slower aggregate county income growth while the effect on employment growth was positive. Casinos did not appear to signifi-cantly affect population growth.

Suggested Citation

  • Monchuk, Daniel C., 2007. "People Rush in, Empty Their Pockets, and Scuttle Out: Economic Impacts of Gambling on the Waterways," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 37(3), pages 1-10.
    • Handle: RePEc:ags:jrapmc:132993
    DOI: 10.22004/ag.econ.132993
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    References listed on IDEAS

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    Cited by:

    1. Karl Geisler & Mark Nichols, 2016. "Riverboat casino gambling impacts on employment and income in host and surrounding counties," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 56(1), pages 101-123, January.
    2. Giotis Georgios, 2022. "Preliminary Results on the Employment Effect of Tourism. A meta-analysis," Papers 2206.00174, arXiv.org.

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