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Publicaciones

Gaming, States, and Tax Revenuesthe Tortoise or the Hare: A CGE Comparative Assessment of Casino Resorts and Games-Only Casinos

Authors

Teresa Alvarez-Martinez, Maria , Lahr, Michael L.

External publication

No

Means

GROWTH CHANGE

Scope

Article

Nature

Científica

JCR Quartile

SJR Quartile

JCR Impact

0.561

SJR Impact

0.982

Publication date

01/06/2016

ISI

000378622800006

Abstract

Theoretically speaking, heavy tax rates on gambling should dampen growth of the casino revenues. Indeed, a cursory glance at data across U.S. states suggests that more jobs and income are generated directly by the gaming industry when lower tax rates are applied. Using a detailed computable general equilibrium model, we evaluate the effects of a proposed machine-based casino on New Jersey's economy as well as on the state's existing set of casino resorts in Atlantic City. We find few winners other than the state's tax coffers.