How Do Casinos Benefit The Economy?

Many states have approved commercial casino gambling primarily because they see it as a tool for economic growth.

The greatest perceived benefits are increased employment, greater tax revenue to state and local governments, and growth in local retail sales.

Do casinos help the economy?

Casino proponents argue that casinos will create tax revenues, jobs, and can push average wages higher. There is also published evidence that casinos have a positive impact on state-level economic growth, though that evidence has not been consistent over time.

Does casino development have a positive effect on economic growth?

Our results show that casinos had a positive effect on per capita income; casino expansions exerted a small, positive effect on both per capita income growth and job growth.

Do casinos hurt property values?

Casinos can, and often do, have a negative impact on home prices of neighborhoods around them. But nearby neighborhoods are sometimes the recipient of what makes casinos a nuisance, like the social costs mentioned above.

Do casinos raise crime?

But the casinos also lead to a plethora of social ills, including increased substance abuse, mental illness and suicide, violent crime, auto theft and larceny, and bankruptcy. The latter three all increased by 10 percent in communities that allowed gambling.