Causal Relationship Between Gambling And Income

2875 Words Apr 28th, 2015 12 Pages
Causal relationships, based off the median income level and overall gambling revenue, in several states will be analyzed by measuring both real and nominal income against commercial gambling revenues. In order to demonstrate such relationships, quantitative and qualitative variables ranging from, fiscal year 1999 to 2014, throughout the United States, will be supported by secondary data, such as the United States Census Bureau, and additional scholarly literature. In addition, we will also consider gambling motives that are triggered by the domino effect of income inequality. Ultimately, our research will reveal that there is not a significant relationship between gambling and income. Regression models will be used to support this conclusion.
Key Words
Gambling, Income Inequality, Regressive Taxes, Progressive taxes, Demographics, Socioeconomic, Causal Relationship, Nominal Income, Real Income. Introduction For many years, gambling has stimulated the economy via commercial casinos on land and boat, as well as, those on Indian Reservations. State lotteries and racetracks have also made an impact in communities- whether it provided jobs, funded state education programs and or economic revitalization programs (AGA). In the glory of it all, communities reap these benefits at the expense of each participant’s real income. Individuals that partake in gambling activities vary in demographic and socioeconomic. However, individual motives distinguish the…
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