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Casinos and Regional Economies: Has the Game Changed?

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  • Adam Scavette

Abstract

With casinos much more common across the nation than they were a generation ago, how might the development of a new casino impact its surrounding regional economy? We survey the literature on the local impact of casinos from a variety of economic and social perspectives. We find that, despite tax revenues being a major motivator for state legalization of casinos, there is little evidence that they boost state taxes. We also find that the job gains from casino development are limited to those in lower density areas that lack nearby casinos.

Suggested Citation

  • Adam Scavette, 2022. "Casinos and Regional Economies: Has the Game Changed?," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, vol. 22(28), July.
    • Handle: RePEc:fip:fedreb:94536
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    File URL: https://www.richmondfed.org/publications/research/economic_brief/2022/eb_22-28?WT.rss_a=Casinos+and+Regional+Economies%3a+Has+the+Game+Changed%3f&WT.rss_f=Economic+Brief+-+Federal+Reserve+Bank+of+Richmond&WT.rss_ev=a&utm_source=Federal+Reserve+Bank+of+Richmond&utm_campaign=0ff2cf5c78-RSS_EMAIL_EB&utm_medium=email&utm_term=0_f56b5f06b6-0ff2cf5c78-114405295
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    Cited by:

    1. Scavette, Adam, 2023. "The economic impact of a casino monopoly: Evidence from Atlantic City," Regional Science and Urban Economics, Elsevier, vol. 103(C).

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