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State Of Texas Case Study

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The state of Texas is an individualistic and traditionalistic state. Texas is ranked the second largest state in the United States. Knowing that Texas is a large state it has many industries that the state receives revenue from. Some of these industries are free enterprise system, medical, technology, tourism, oil and gas, real estate, banking, fishing, and agriculture. All of the industries benefit Texas in a good positive manner, and receive revenue. These industries help Texas thrive as a state in many major and needed industries. In 2014 Glenn Hegar Texas Comptroller of Public Account did a study on how much the state gained from the industries in the state of Texas. The sale of vehicles in Texas gained the state $4,514,186,360. Natural …show more content…

First, the state has to find construction workers to work on building the commercial casino. In a casino there are many different workers. There are dealers, a broker, bartenders, chefs, cooks, clerks, bingo caller, floor worker, waiters, host, managers, change attendants, cashiers, runners, technicians, security officers, and surveillance officers. In Las Vegas, Nevada there were 170,206 people employed at a; casino in the year 2012. Nevada is ranked 35th in state population and has a population of 2,790,136 in the state. Texas is ranked 2nd and 26.96 million. One of Nevada’s major industry is gambling. If the state of Texas were to legalize gambling the state unemployment rate would go down. Not only would people get employed by the casinos. Other businesses would flourish also creating new jobs. Hotels and motels would be built. Restaurant and brothels would be built. The newly built hotels, restaurants, and bars would need employees. More people would be employed causing the unemployment rate to go down once more. Las Vegas is a testament of the powerful ability of gambling to foster economic development. Las Vegas has shown impressive job growth, developed into a major city with a low tax burden that many state and local governments look at with envy, and has spawned significant private and public sector investment (Library of California). A Wisconsin study shows major economic impact when the state practiced Indian gaming (a …show more content…

From this study the economic impact of gambling helped unemployment to decrease. People got off welfare and got a job, then bought health insurance. The Legalizing of gambling would help the creation of new jobs which would drop the unemployment rate that would give more revenue to the state which is a positive effect. The state of Texas had $109,428,258302 in total revenue in the year 2015.
Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. It is the "top line" or "gross income" figure from which costs are subtracted to determine net income. Revenue is calculated by multiplying the price at which goods or services are sold by the number of units or amount sold. (Encyclopedia). The revenue in 2015 came from taxes on, motor vehicle sales and rental, motor tax, fuels tax, Franchise Tax, Insurance taxes, Natural Gas Production tax, Cigarette, Tobacco taxes, Alcoholic Beverages taxes, Oil Production tax, Inheritance taxes, Utility taxes, and Hotel taxes. The total amount of revenue from taxes was $51,683,059,891. The other $57,745,198,411 came Federal income, licenses, fees, permits, fines, interest and investment incomes, net lottery proceeds, sales of good and services. Settlement claims, land income, contribution to employee benefits. Texas already

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