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Using Casinos for Growth: The Benefits and Limits of Commercial Gambling as an Economic Development Strategy

In: Regional Science Perspectives on Tourism and Hospitality

Author

Listed:
  • Karl R. Geisler

    (Idaho State University)

Abstract

The last three decades have seen explosive growth in the commercial gambling industry. Researchers have correspondingly studied the impacts of this industry as it emerged. This chapter draws together a number of key findings from the economics literature on casinos as the basis for informed regional development policy. The use of casino gambling as a tourism amenity is explained, followed by findings from the literature on social costs of casinos. These costs are contrasted by the literature on how casinos impact a number of important economic indicators including employment, income, and tax revenues. A number of geographic considerations of these benefits are then enumerated, including spatial limits. The chapter concludes with a short list of policy considerations for jurisdictions considering the legalization of commercial gambling as a basis for economic development.

Suggested Citation

  • Karl R. Geisler, 2021. "Using Casinos for Growth: The Benefits and Limits of Commercial Gambling as an Economic Development Strategy," Advances in Spatial Science, in: Mauro Ferrante & Oliver Fritz & Özge Öner (ed.), Regional Science Perspectives on Tourism and Hospitality, edition 1, pages 277-292, Springer.
    • Handle: RePEc:spr:adspcp:978-3-030-61274-0_14
    DOI: 10.1007/978-3-030-61274-0_14
    as

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