Gaming, States, and Tax Revenues—the Tortoise or the Hare: A  CGE  Comparative Assessment of Casino Resorts and Games‐Only Casinos | Zendy

ÁlvarezMartínez María Teresa | Zendy; Lahr Michael L. | Zendy

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

Author(s) -

ÁlvarezMartínez María Teresa,

Lahr Michael L.

Publication year - 2016

Publication title -

growth and change

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.657

H-Index - 55

eISSN - 1468-2257

pISSN - 0017-4815

DOI - 10.1111/grow.12134

Subject(s) - computable general equilibrium , revenue , tax revenue , economics , state (computer science) , sales tax , public economics , economy , ad valorem tax , microeconomics , tax reform , finance , computer science , algorithm

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 N ew J ersey's economy as well as on the state's existing set of casino resorts in A tlantic C ity. We find few winners other than the state's tax coffers.

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