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Paying to Play ‐ the Pricing Policies of Casinos* (1)
Author(s) -
Barr GDI,
Kantor BS
Publication year - 2003
Publication title -
south african journal of economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.502
H-Index - 31
eISSN - 1813-6982
pISSN - 0038-2280
DOI - 10.1111/j.1813-6982.2003.tb01312.x
Subject(s) - cape , politics , sociology , political science , library science , law , computer science
1 the Importance of Gambling for the Us and South African Economy Wherever gambling activity is permitted it becomes a major competitor for the household budget.*(3) The growth in gambling in the US has become an important social and political issue and the subject of a National Commission, the National Gambling Impact Study Commission (NGISC 1999).*(4) The Commission indicates that more than 86 per cent of all Americans have gambled at least once and that over $50 bn. was spent (amount wagered minus prizes received) on gambling activities in the US in 1998. Lotteries accounted for 52 per cent of this in 1998, casinos 29 per cent and horse racing 7 per cent (NGICS Overview (1999): 72-75). In 1996 the gross revenues of all the organisations providing