THE EFFECT OF LEGALIZED GAMBLING ON STATE GOVERNMENT REVENUE

Douglas M. Walker

53 citations0/0 files storedContemporary Economic Policy

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Economic and Fiscal Studies Local Government Finance and Decentralization Politics, Economics, and Education Policy

Abstract

Legalized gambling is an attractive option to state governments facing tightening fiscal constraints. Yet, the empirical evidence on the effect of gambling on state revenues is limited. Most studies examine a single industry in a single state, and for a relatively short period of time. This study provides a more general analysis of gambling industries and their effects on state revenues. We use data on gambling volume and state government revenues net of federal government transfers for all 50 states from 1985 to 2000. We find that lotteries and horse racing tend to increase state revenues, while casinos and greyhound racing tend to decrease state revenues. (JEL H2, H7, L8)

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1971An Exploration in the Theory of Optimum Income Taxation 1927A Contribution to the Theory of Taxation 1989Optimal Taxation and Optimal Tax Systems 1991Selling Hope: State Lotteries in America 2005State lotteries and consumer behavior 1990Selling Hope: State Lotteries in America.1993FISCAL PRESSURE, TAX COMPETITION, AND THE INTRODUCTION OF STATE LOTTERIES 1990Selling hope: state lotteries in America

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