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Gambling with Stimulus Payments: Feeding Gaming Machines with Federal Dollars

In late 2008 and early 2009 the Australian Federal Government introduced a series of economic stimulus packages designed to maintain consumer spending in the early days of the Great Recession. When these packages were initiated the media suggested that the wide-spread availability of electronic gaming machines(EGMs, eg. slot machines, poker machines, video lottery terminals) in Australia would result in stimulating the EGMs. Using state level monthly data we estimate the degree to which the stimulus payments influenced EGM expenditure and the implications for state and territory gaming tax revenues.

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File URL: http://fbe.unimelb.edu.au/__data/assets/pdf_file/0008/796985/1166.pdf
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Paper provided by The University of Melbourne in its series Department of Economics - Working Papers Series with number 1166.

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Length: 28 pages
Date of creation: 2013
Date of revision:
Handle: RePEc:mlb:wpaper:1166
Contact details of provider: Postal: Department of Economics, The University of Melbourne, 4th Floor, FBE Building, Level 4, 111 Barry Street. Victoria, 3010, Australia
Phone: +61 3 8344 5355
Fax: +61 3 8344 6899
Web page: http://www.economics.unimelb.edu.au
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  1. Cletus C. Coughlin & Thomas A. Garrett, 2008. "Income and lottery sales: transfers trump income from work and wealth," Working Papers 2008-004, Federal Reserve Bank of St. Louis.
  2. Productivity Commission, 2005. "Economic Implications of an Ageing Australia," Labor and Demography 0506001, EconWPA.
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