Publication: Gaming, states, and tax revenues-the tortoise or the hare: a cge comparative assessment of casino resorts and games-only casinos
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Lahr, Michael L.
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Wiley
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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
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Growth and Change, 47:2 pp. 236-258